Tether Taps KPMG for USDT Audit, Engages PwC Ahead of US Expansion
Tether hires KPMG for its first full USDT audit and brings in PwC as it prepares for U.S. expansion and potential fundraising.
Anti-Money Laundering (AML)
Anti-money laundering (AML) refers to laws, regulations, and procedures designed to prevent the use of financial systems for illegal activities such as money laundering and terrorist financing. In the crypto context, AML measures require exchanges and service providers to monitor transactions and report suspicious activity. These rules often include identity verification, transaction tracking, and compliance reporting. AML frameworks aim to reduce financial crime while allowing legitimate use of digital assets. Requirements vary by jurisdiction and are enforced by regulatory authorities.
Senators Reach Compromise on Stablecoin Yield to Advance Crypto Bill
US senators strike a tentative deal on stablecoin yield, potentially clearing a major hurdle for advancing crypto market structure legislation.
Citigroup Cuts Bitcoin and Ether Price Targets as US Crypto Legislation Stalls
Citigroup lowered its 12-month price targets for Bitcoin and Ether, citing weaker network activity and delays in US crypto legislation despite continued ETF inflows.
South Korea Police Draft Crypto Seizure Rules After Custody Lapses
By
Emily Carter
• 3 mins read
South Korea’s National Police Agency is drafting new guidelines for handling seized cryptocurrencies as authorities seek stronger custody procedures.
DeFi Lobby Drops Airdrop Lawsuit Against SEC After Regulatory Shift
By
Emily Carter
• 2 mins read
The DeFi Education Fund and Beba have withdrawn their lawsuit against the SEC over crypto airdrops, citing a changing regulatory stance and ongoing work by the agency’s crypto task force.
Prosecutors Urge Court to Reject Sam Bankman-Fried Retrial Request
By
David Walker
• 3 mins read
US prosecutors have asked a federal judge to deny Sam Bankman-Fried’s request for a new trial, arguing that the testimony cited by the defense does not qualify as newly discovered evidence.
SEC and CFTC Sign Cooperation Pact on Crypto Oversight
By
Emily Carter
• 3 mins read
The SEC and CFTC signed a memorandum of understanding to coordinate oversight of crypto and other financial markets. The move aims to reduce regulatory overlap and provide clearer guidance for emerging technologies.
Ripple Plans $750M Share Buyback in Tender Offer
By
Daniel Brooks
• 3 mins read
Ripple is reportedly planning a $750 million share buyback through April, valuing the company at about $50 billion. The move reflects continued institutional activity around the firm despite volatility in XRP markets.
Ripple Targets April for Australian Financial License Through Acquisition
By
Emily Carter
• 2 mins read
Ripple plans to obtain an Australian Financial Services License through the acquisition of BC Payments Australia, expanding its regulated payments infrastructure in the region.
Kazakhstan Central Bank Plans Up to $350M Crypto-Linked Investment
By
David Walker
• 2 mins read
Kazakhstan’s central bank plans to allocate up to $350 million from its reserves into cryptocurrency-related assets and technology firms tied to digital finance.