[ad_1] Giving fund managers easier access to bitcoin is already a contentious topic for regulators. It is nothing next to the Pandora’s box that could be opened with its crypto…
Tag: virtual currencies
Binance Copped a $4 Billion Plea but Is Still Fighting the SEC
[ad_1] WASHINGTON—When top Biden administration officials gathered last month at the Justice Department to announce a $4.3 billion legal resolution with Binance, one powerful regulator was absent. Attorney General Merrick…
Binance Begins Again With U.S. Oversight. Will It Survive?
[ad_1] Binance’s second act starts now. The largest global crypto exchange and its chief executive and co-founder, Changpeng Zhao, pleaded guilty last week to ignoring anti-money-laundering rules while serving U.S.…
The Fintech Files: Crypto shorts got it wrong on Binance
[ad_1] When Binance founder Changpeng Zhao pleaded guilty to criminal charges and resigned as CEO on 21 November, crypto short-sellers bet on another FTX-style market crash. Binance reached a mammoth…
Essay | Binance and the End of Crypto’s Dream to Escape From Government
[ad_1] On Nov. 21, Binance, the world’s largest cryptocurrency exchange, pleaded guilty to breaking U.S. anti-money-laundering laws. Its CEO has stepped down, and the company will pay $4.3 billion in penalties. While…
Why Stamping Out Crypto Bros Could Help Bitcoin
[ad_1] Such is the wackiness of the crypto world that a regulatory crackdown might actually revive investor optimism. Earlier this week, Binance Chief Executive Changpeng Zhao pleaded guilty to money-laundering violations…
IRS Delays Tax Deadlines Set by Congress. It Could Cost $8 Billion.
[ad_1] WASHINGTON—Congress set strict enforcement deadlines when it created new tax requirements for e-commerce platforms, older 401(k) savers and cryptocurrency brokers. The Internal Revenue Service has now postponed them all…
Binance Guilty Plea Shows What Crypto’s Really About
[ad_1] Nov. 22, 2023 12:27 pm ET So it turns out that of the two largest crypto exchanges, one was a fraud and the other was a money launderer. Whoever…
Inside Binance’s Guilty Plea and the Biggest Fine in Crypto History
[ad_1] Updated Nov. 22, 2023 1:19 pm ET The king of crypto’s largest outlaw empire told employees for years that he would never turn himself in. But on Tuesday, a…