Irish Regulator Hits Coinbase With $24.7M Fine For AML Monitoring Failures
The Central Bank of Ireland has fined Coinbase $24.75 million (€21,464,734) for breaching anti-money laundering (AML) and counter-terrorist financing (CTF) monitoring obligations between 2021 and 2025. Related Reading: Top Crypto Exchange Expands To Latin America With Argentina And Brazil Market Entry Coinbase Europe Fined By Irish Regulator On Thursday, the Central Bank of Ireland announced […]
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The Commodity Futures Trading Commission (CFTC) has imposed a $6.5 million fine on Coinbase. The regulator is accusing the Exchange of false or misleading reporting and wash trading, per an official statement. Between 2015 and 2018, according to the CFTC order, a former Coinbase employee engaged in the referenced misconduct on the GDAX platform. The […]
There are several indicators demonstrating that our fiat monetary structures will collapse. And when the flood hits, Bitcoin can be an ark. The post The USD Dam: How To Spot The Failures Of Faith And Function In Fiat Currencies appeared first on Bitcoin Magazine.
Crypto exchange Coinbase has been meeting with a number of regulators to convince them that the U.S. should have just one federal regulator overseeing the crypto sector. Currently, there is a variety of different regulators in the U.S., CEO Brian Armstrong explained, noting that Coinbase has “53 regulators in just one country, the United States.”
Coinbase Wants One Regulator in the US
The Nasdaq-listed cryptocurrency exchange Coinbase is pushing for the U.S. to have just one crypto regulator.
“We’ve met with a number of different regulators....
Canada’s securities regulator has flagged tweets by Coinbase CEO Brian Armstrong and Kraken CEO Jesse Powell encouraging people to use non-custodial wallets to evade freeze orders by the Trudeau government. “We are aware of this information and have shared it with the RCMP and relevant federal authorities,” said the Canadian regulator. Tweets by CEOs of Coinbase and Kraken Flagged to Police Canadian regulator, the Ontario Securities Commission (OSC), has alerted the Royal Canadian Mounted Police (RCMP) and other federal authorities to tweets concerning Canada’s....
Coinbase is now registered as a cryptocurrency exchange to operate in Japan. The Japanese financial regulator has approved Coinbase to trade five cryptocurrencies. Japan’s top financial regulator, the Financial Services Agency (FSA), announced last week that it has registered Coinbase as a crypto exchange service provider based on the revised Fund Settlement Act. According to the FSA, Coinbase is approved to trade bitcoin (BTC), bitcoin cash (BCH), ether (ETH), stellar lumen (XLM), and litecoin (LTC). The approved entity is a Japanese subsidiary of Coinbase Global, a Nasdaq-listed....