On August 8, the U.S. Federal Reserve took a major enforcement action against Pennsylvania-based Customers Bank, marking the U.S. government’s gradual increase in regulatory oversight of cryptocurrency-related businesses.
JinseFinanceA Spanish city is working to become Europe's first crypto-friendly city, and Argentinians are using black market exchanges known as "crypto caves" to exchange pesos for stablecoins.
JinseFinanceSince 2017, Binance has been striving to obtain a phased 'partially legal' status in certain global regions through diplomacy, acquisitions, joint investments, philanthropic funding, and other means.
CaptainXBinance and CEO Zhao Changpeng admit intentional violations, facilitating billions in unregulated crypto transactions. Zhao resigns as CEO, faces potential 18-month sentence. Legal battles continue over sentencing and extradition. Binance.US claims independence from Zhao's governance.
CaptainXBinance faces $34 billion in fines from FinCEN and $9.68 billion from OFAC for not reporting over 100,000 suspicious transactions involving terrorism, ransomware, child exploitation, and other illegal activities. Future penalties and strict regulations may impact Binance for the next five years.
CaptainXRecently, HSBC China, Hang Seng China, Standard Chartered China, and Fubon Bank China became the first batch of foreign banks to announce their access to the e-CNY interoperability platform.
OliveMastercard introduces NFT certificates, Hang Seng Bank launches a digital wallet, and the Insurance Private Chain for the e-HKD pilot programme.
OliveThe FDIC said early estimates showed that Silicon Valley Bank's failure cost its Deposit Insurance Fund around $20 billion.
CryptoSlateSignature Bank has found a buyer after a week long financial odyssey, the New York Community Bancorp, Inc.
CryptoSlateThe bank facilitated $142 billion worth of transfers between crypto exchanges and financial institutions in the first quarter.
Cointelegraph