US regulator touts to ‘aggressively police' crypto in new report
The Commodity Futures Trading Commission (CFTC) says 20% of its enforcement actions were aimed at the digital assets market in the 2022 fiscal year. The U.S. commodities regulator certainly doesn’t want to look like it's going easy on crypto, revealing it was behind 18 separate enforcement actions targeting digital assets in the 2022 fiscal year. In an Oct. 20 report from the Commodity Futures Trading Commission (CFTC), a total of 82 enforcement actions were filed in 2022’s fiscal year, imposing $2.5 billion in “restitution, disgorgement and civil monetary penalties either through....
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“A team of financial investigators” are currently investigating the now-defunct crypto exchange FTX, the Royal Bahamas Police Force said in a statement shared on Sunday. The police noted that the financial investigators were searching to see if “any criminal misconduct occurred.” Bahamas Law Enforcement Looks Into FTX Collapse After the Bahamas securities regulator took action against FTX on Nov. 11, 2022, the country’s Securities Commission updated the public the following day. The regulating entity noted that it did not give permission to FTX to authorize withdrawals for Bahamian....
An African regulator has told members of the six-nation Economic and Monetary Community of Central Africa (CEMAC) that a ban on cryptocurrencies is still effective. The regulator said the prohibition is designed to ensure financial stability is maintained within the economic bloc. COBAC to Set Up System to Identify Crypto Transactions An African regulator, the Banking Commission of Central Africa (COBAC), has reminded members of a regional economic bloc that includes the Central African Republic (CAR) that its ban on cryptocurrencies remains in effect. The regulator’s latest....
Local news sources are reporting that the Tokyo Metropolitan Police will arrest Mark Karpeles on 1st August in connection with its investigation. A representative for the Tokyo police was not available for comment. The Tokyo Metropolitan Police is reportedly pursuing criminal charges against Mark Karpeles, CEO of the now-defunct, Japan-based bitcoin exchange Mt Gox. Domestic news service Nikkei reported on 31st July that, according to an official with the city's police force, Karpeles is being investigated for allegedly using dummy exchange accounts with fictitious bitcoin balances to meet....
According to the National Police Agency (NPA) in Japan, North Korean hackers from the crime syndicate Lazarus Group have been targeting crypto companies in the country. Local reports detail that it’s the fifth time the NPA has tied “public attribution” to the organization of North Korean cyber criminals. Japan’s Law Enforcement and Financial Regulator Warn Against Lazarus Group Attacks Hackers from the notorious crime syndicate Lazarus Group are reportedly targeting crypto companies in Japan, according to a recently published NPA cyber security report. Officials have applied “public....
The U.S. Securities and Exchange Commission (SEC) has nearly doubled the size of its Enforcement Division’s crypto unit. SEC Chairman Gary Gensler said the regulator “will be better equipped to police wrongdoing in the crypto markets while continuing to identify disclosure and controls issues with respect to cybersecurity.”
SEC Strengthens Enforcement Division’s Crypto Unit
The U.S. Securities and Exchange Commission announced Tuesday that it has nearly doubled the size of the Division of Enforcement’s unit “responsible for protecting....