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Key Takeaways Changpeng “CZ” Zhao, ex-CEO of Binance, receives a four-month prison term for inadequate anti-money laundering measures at the exchange; Despite recommendations for a three-year sentence, Judge Richard Jones issued a more…
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Key Takeaways Sam Bankman-Fried, former FTX CEO, has been sentenced to 25 years in prison for his role in the exchange’s collapse, facing seven felony charges. Despite SBF expressing regret and his defense…
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Fairshake, a Super PAC supporting candidates favorable to cryptocurrency and blockchain technology, has garnered $4.9 million in funding, with contributions from billionaire brothers Cameron and Tyler Winklevoss. The Winklevoss twins, known for co-founding…
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United States authorities have sentenced a CEO of an investment firm to prison for orchestrating a fraudulent crypto scheme. In the crypto scam, known as ‘cherry picking,’ he collected funds from investors for…
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The French financial markets regulator, Autorité des Marchés Financiers (AMF), has granted approval to the cryptocurrency exchange Gemini to commence its services in France, expanding Gemini’s operational presence to more European countries. “With…
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GC Exchange FZE (GCEX), part of the GCEX Group, has been granted an Operational VASP License for VA Broker Dealer services from Dubai’s Virtual Asset Regulatory Authority (VARA). GCEX, which opened its Dubai…
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The Malaysia-based Hata has received in-principle approval from Securities Commission Malaysia (SC) to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. The approval means Hata could…
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Cryptocurrency trading firm and liquidity provider GSR’s Singaporean subsidiary, GSR Markets Pte. Ltd, has received an in-principal approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. “GSR…
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Bankrupt crypto lender, BlockFi revealed that the US Bankruptcy Court for the District of New Jersey has conditionally approved its disclosure statement. The development essentially demonstrated that the reorganization process of BlockFi continues…
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The license signals OKX’s ambition to establish a robust presence in the Middle Eastern region. The cryptocurrency exchange OKX has successfully obtained a minimal viable product preparatory license from Dubai’s Virtual Assets Regulatory…