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CRYPTOCURRENCY

CFTC's New Enforcement Action Raises Jurisdictional Concerns Over Crypto Derivatives
cryptocurrency

CFTC's New Enforcement Action Raises Jurisdictional Concerns Over Crypto Derivatives

CFTC Commissioner Caroline D. Pham criticizes the latest enforcement action for potentially overstepping into SEC’s territory and undermining investor protection laws

AI's False Promises: CFTC Warns of Soaring Crypto Scams
cryptocurrency

AI's False Promises: CFTC Warns of Soaring Crypto Scams

The U.S. Commodity Futures Trading Commission (CFTC) alerts the public about the surge in AI-driven crypto scams, emphasizing the technology's inability to predict market trends and the dangers of misleading claims about high returns.

Peter Kambolin Sentenced for Fraudulent Scheme in Cryptocurrency Futures Trading
cryptocurrency

Peter Kambolin Sentenced for Fraudulent Scheme in Cryptocurrency Futures Trading

Peter Kambolin, former CEO of Systematic Alpha Management LLC, was sentenced for a fraudulent "cherry-picking" scheme in cryptocurrency futures, underscoring the need for stringent regulatory oversight in crypto trading.

Debiex Accused of $2.3M Romance Scam by CFTC
cryptocurrency

Debiex Accused of $2.3M Romance Scam by CFTC

The CFTC has charged Debiex and Zhāng Chéng Yáng with conducting a romance scam, misleading customers to invest $2.3 million in a fraudulent scheme.

CFTC Report Underscores DeFi Risks and Calls for Action
cryptocurrency

CFTC Report Underscores DeFi Risks and Calls for Action

The CFTC report on DeFi underscores significant risks to the U.S. financial system, national security, and consumer protection, emphasizing the need for increased understanding, regulation, and collaboration in the sector.

India's Crackdown on Crypto Exchanges: Binance, Kraken, Mexc, and Kucoin Delisted from App Store
cryptocurrency

India's Crackdown on Crypto Exchanges: Binance, Kraken, Mexc, and Kucoin Delisted from App Store

India's FIU removes apps of major crypto exchanges, including Binance and Kraken, from the App Store, enforcing compliance with anti-money laundering laws amid new crypto tax policies.

US Court Orders Binance and Changpeng Zhao to Pay $2.7 Billion in Settlement with CFTC
cryptocurrency

US Court Orders Binance and Changpeng Zhao to Pay $2.7 Billion in Settlement with CFTC

A US court has imposed a $2.7 billion fine on Binance and a $150 million fine on Changpeng Zhao for violating the Commodity Exchange Act and CFTC regulations.

CFTC's Stern Warning to Crypto Exchanges Following Binance Case
cryptocurrency

CFTC's Stern Warning to Crypto Exchanges Following Binance Case

The CFTC has significantly heightened its regulatory actions against non-U.S. crypto entities, indicating a significant shift in the U.S. cryptocurrency market's regulatory landscape.

CFTC Whistleblower Program Gains Traction with $16 Million Awarded in 2023
cryptocurrency

CFTC Whistleblower Program Gains Traction with $16 Million Awarded in 2023

The CFTC's Whistleblower Program in 2023 awarded $16 million to whistleblowers, contributing to over $3 billion in enforcement sanctions. Recognizing their role in combating financial fraud, the program now focuses on environmental fraud through a task force.

Former Voyager Digital CEO Faces Fraud Charges Amid CFTC and FTC Crackdown
cryptocurrency

Former Voyager Digital CEO Faces Fraud Charges Amid CFTC and FTC Crackdown

The CFTC and FTC have levelled fraud charges against former Voyager Digital CEO Stephen Ehrlich, spotlighting the case as a notable instance of regulatory enforcement within the digital asset sector. The charges underscore the market's inherent risks and the imperative for robust regulatory compliance to ensure investor protection.

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