The Department of Justice (DOJ) filed a criminal complaint on May 13th against an American citizen accused of transmitting more than $10 million worth of… Read More »DOJ Files Complaint Against US Citizen Transmitting Crypto to Sanctioned Country
The regulatory pressure is ramping up for crowdfunding portals. On May 4, 2022, FINRA fined two funding portals (Wefunder and StartEngine Capital) a combined $1.75… Read More »Crowdfunding Sites Under Regulatory Pressure
Kevin Greenfield from the Office of the Comptroller of the Currency (OCC) testified on May 13 during a hearing before the House Financial Services Committee… Read More »OCC Stresses Importance of RegTech
The Joint Chiefs of Global Tax Enforcement published some of the first guidance to combat NFT-related fraud. The Joint Chiefs are a group of tax… Read More »List of NFT ‘Red Flags’
SEC Chair Gary Gensler continues to turn up the heat on the crypto market. On May 3, 2022 the Securities and Exchange Commission announced the… Read More »SEC Doubles Size of Crypto Unit
The NYS Department of Financial Services (DFS) took an uncommon approach in encouraging cryptocurrency firms to enhance their risk management practices – in guidance issued… Read More »NY State Setting Standards for Crypto Monitoring
