Tag Archives: crypto regulation

DOJ Penalizes Robinhood $3.9 Million For Past Crypto Withdrawal Restrictions

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Crypto trading platform Robinhood has reached a $3.9 million settlement with the California Department of Justice (DOJ), following an investigation into its alleged failure to allow customers to withdraw their cryptocurrency from 2018 to 2022.  The investigation was prompted by numerous consumer complaints regarding Robinhood’s practices, particularly its handling of cryptocurrency withdrawals and trading.  Alleged… Continue reading DOJ Penalizes Robinhood $3.9 Million For Past Crypto Withdrawal Restrictions→

Crypto Firm Galois Capital Faces $200K Fine From US SEC For ‘Investor Violations’

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The US Securities and Exchange Commission (SEC) has announced a settlement with troubled crypto hedge fund Galois Capital. The SEC charged Galois with failing to meet critical requirements for safeguarding customer assets, including those the agency stated were “securities”. FTX Costs Galois Capital Half Of Managed Assets According to the SEC’s announcement on Tuesday, Galois… Continue reading Crypto Firm Galois Capital Faces $200K Fine From US SEC For ‘Investor Violations’→

Circle Awarded Europe’s First Stablecoin License Under New MiCA Crypto Rules

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Cryptocurrency firm Circle has achieved a significant milestone by securing registration as an electronic money institution (EMI) in France. This move grants Circle a crucial license to operate as a compliant stablecoin issuer under the European Union’s rigorous crypto laws.  Circle Breakthrough According to a CNBC report, the approved license positions Circle as the first… Continue reading Circle Awarded Europe’s First Stablecoin License Under New MiCA Crypto Rules→

‘Crypto Queen’ Wanted: FBI Puts $5 Million Price Tag On OneCoin Founder’s Arrest

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The United States government has recently announced a substantial reward of up to $5 million for any information leading to the arrest of Ruja Ignatova, the founder of OneCoin.  This development comes as part of a joint investigation conducted by Bulgarian and American authorities into a large-scale financial fraud and money laundering scheme.  One Of… Continue reading ‘Crypto Queen’ Wanted: FBI Puts $5 Million Price Tag On OneCoin Founder’s Arrest→