South African Regulator Set to Consider Licensing

by Александр Пирогов | Dec 5, 2023 | Blog News

The Financial Sector Conduct Authority (FSCA), South Africa’s principal financial regulator, has reviewed 128 applications from crypto service asset providers (CASPs) and plans to discuss 36 of them during its December 12 Licensing Executive Committee meeting....

U.S. Investigates into Bitcoin’s Role in Cybersecurity

by Александр Пирогов | Dec 4, 2023 | Blog News

A member of the United States Space Force, Jason Lowery, has written a letter to the U.S. Defense Innovation Board, urging a formal investigation into the use of proof-of-work networks, like Bitcoin, for protecting the country from cyber-inflicted warfare. Lowery...

SoFi Exits Crypto Business Amid Regulatory Scrutiny

by Александр Пирогов | Dec 4, 2023 | Blog News

SoFi, the financial services platform that entered the crypto trading space in 2019, is shutting down its crypto business due to increased regulatory scrutiny. New account creation has been disabled, and existing users have a three-week window to migrate their crypto...

Bank of America Faces $12 Million Fine for Providing False Information

by Александр Пирогов | Dec 4, 2023 | Blog News

Bank of America is set to pay a $12 million fine imposed by the Consumer Financial Protection Bureau (CFPB) for repeatedly sending false information to federal regulators. CFPB Director Rohit Chopra emphasized the bank’s violation of federal law and stated that...

Platypus Hackers Acquitted in Landmark Case After Exploiting $9 Million

by Александр Пирогов | Dec 4, 2023 | Blog News

Two individuals involved in exploiting Platypus, an automated market-making (AMM) platform on Avalanche, have been acquitted of criminal charges in France. The court dismissed charges of accessing a computer system, money laundering, and concealment. The accused...

SEC Faces Sanctions Threat as Judge Questions Accuracy of DEBT Box Case

by Александр Пирогов | Dec 4, 2023 | Blog News

A United States District Judge, Robert Shelby, has raised concerns about deceptive statements made by SEC lawyers in a legal action against DEBT Box, a crypto company. The SEC’s case alleged that DEBT Box deceived investors by $50 million, but the judge...