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.
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.
The major exchanges are acting cautiously prior to the partial implementation of MiCA, which might push Euro-pegged stablecoins adoption. USDT and USDC's future in the area remains unclear.
Binance executives Tigran Gambaryan and Nadeem Anjarwalla were excluded from the tax evasion case but remain included in the money-laundering charges. Gambaryan, the only present defendant, is reportedly being held in difficult conditions.
