CRYPTO

Authored by Omid Malekan,

First, I think companies that don’t like certain laws should still comply with them while campaigning for change.

That said, one interpretation of the government’s suit and the resulting mammoth settlement is that by refusing to implement compliance schemes like AML & CFT, Binance failed to stop money laundering and the financing of terrorism.

The problem with this interpretation is that vast sums of illicit flows still move through the (more…)

Confirming the leaks that hit markets yesterday, The Wall Street Journal reports that Changpeng Zhao ('CZ'), founder and chief executive of Binance, the world's largest crypto exchange, plans to step down and plead guilty to violating criminal U.S. anti-money laundering requirements, in a deal meant to allow the company to continue operating.

Zhao founded the firm in 2017 and turned it into the most important hub of the global crypto market.

The CFTC claimed that (more…)

Authored by Naveen Athrappully via The Epoch Times (emphasis ours),

The International Monetary Fund (IMF) released a handbook for global central banks regarding the development and implementation of central bank digital currencies (more…)