Shortly after receiving approval from the local anti-money laundering watchdog, Binance is now haunted by another regulator. Other global crypto exchanges might face the same charges.
The regulatory body could drop its charges related to ten tokens issued by entities other than Binance. The move might indicate that the SEC faced difficulties in prooving its position.
Shortly after receiving approval from the local anti-money laundering watchdog, Binance is now haunted by another regulator. Other global crypto exchanges might face the same charges.
The regulatory body could drop its charges related to ten tokens issued by entities other than Binance. The move might indicate that the SEC faced difficulties in prooving its position.
It is highly likely compliance commitment stands for failure to meet regulators' Anti-Money Laundering requirements. The date of the final shutdown is yet to be determined.
The recent Supreme Court decisions curtail the SEC's regulatory and enforcement powers over the cryptocurrency sector. These rulings emphasize the need for clear congressional authorization for these kinds of regulatory actions.
The paper, "MiCAR's Influence on Stablecoins: Industry Insights and Implications," highlights inconsistencies and areas for improvement in the new law.
