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Category: Regulation News

NYAG Letitia James Requests Files to Halt the Operations of Coinseed Over Fraudulent Activities

New York Attorney General Letitia James in a Thursday court filing has requested to immediately halt all operations of the mobile cryptocurrency app Coinseed for fraudulent activities. Earlier in February NYAG James has filed a civil lawsuit against Coinseed Inc. and two of its top executives including founder and Chief Executive Officer Delgerdalai Davaasambuu. According

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Just-In: Gary Gensler Says a lot of crypto assets qualify as Security

Gary Gensler, the newly appointed chief of the US Security and Exchange Commission recently appeared on CNBC to talk about various aspects of his regulatory policies in the coming time including cryptocurrencies. During the interview, Gensler said that the current crypto market requires a regulatory overhaul especially considering a majority of the cryptocurrencies qualify as

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New SEC Chief Says Rules Need to be Updated to Counter Social Media Manipulation of Markets

Gary Gensler, the new SEC chief in a recent interview with CNBC talked about the need of updating regulations to counter the growing trend of social media manipulation of financial markets. The social media frenzy started this year with the GameStop short squeeze where a Reddit group by the name of wallstreetbets, that led to

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MasterCard In Talks With China’s Central Bank to Support Global “Digital Yuan” Transactions

After enough internal testing locally, the Chinese central bank – The People’s Bank of China (PBoC) – is all set to take its CBDC Digital Yuan global. As per the recent report from the South China Morning Post, the payments giant Mastercard is currently in talks with PBoC to facilitate the cross-border transactions for Digital

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Crypto.com Becomes First Firm to Incorporate CipherTrace Tool To Comply With New FATF Travel Rule

crypto.com, a Hong Kong-based cryptocurrency payment platfrom with over a 3 million user base has become the first firm to use CipherTrace’s new traveler tool to comply with FATF’s global Anti-Money Laundering (AML) travel rule laws. The newly updated FATF guidelines are considered to be quite complex and thus a compliant solution from CipherTrace makes

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The Digital Dollar Project by Accenture Will Kickstart Pilot Program for U.S. CBDC Design and Use Case

Co-founded by consulting giant Accenture, The Digital Dollar Project (DDP) is all set to kickstart pilot tests for the U.S. central bank digital currency (CBDC) over the next year to test its design and use cases. For this, Accenture has entered a non-profit partnership with the Digital Dollar Foundation. The report comes just at a

The post The Digital Dollar Project by Accenture Will Kickstart Pilot Program for U.S. CBDC Design and Use Case appeared first on Coingape.

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