Payeer faces €9.3M penalty for breaching EU sanctions involving Russia.

Payeer Faces €9.3M Penalty: EU Sanctions Violations Shake Cryptocurrency Sector

Lithuanian authorities have imposed a substantial €9.3 million fine on Payeer, a major player in the cryptocurrency payment services sector. The penalty arises from alleged breaches of EU sanctions against Russia, underscoring the heightened regulatory scrutiny impacting digital finance platforms in Europe.
Zodia Markets Standard Chartered plans to acquire Elwood's OTC crypto unit.

Standard Chartered’s Zodia Markets Set to Acquire Elwood Technologies’ OTC Division in Major Crypto...

In a strategic move to enhance its presence in the digital asset space, Zodia Markets, the crypto trading unit of Standard Chartered, is in advanced negotiations to acquire the OTC crypto trading division of Elwood Technologies, backed by billionaire Alan Howard. This acquisition aims to integrate advanced trading technology and liquidity solutions, significantly boosting Zodia's capabilities and market reach.
Silvergate Bank settles $63M with SEC over misleading AML statements

Silvergate Bank Settles $63M with SEC Over Misleading AML Statements

Silvergate Bank has agreed to a $63 million settlement with the SEC over allegations of misleading statements about its anti-money laundering program, highlighting the increasing regulatory scrutiny on crypto-friendly financial institutions. This case, linked to the collapse of FTX, underscores the critical need for robust compliance in the evolving cryptocurrency market.
Tether partners with BTguru to enhance financial freedom in Turkey through Digital Asset Education.

Tether’s New Educational Initiative Aims to Empower Turkish Financial Freedom

Tether has partnered with BTguru to launch a comprehensive Digital Asset Education initiative in Turkey. This collaboration aims to enhance cryptocurrency and blockchain knowledge, promoting financial independence and innovation.
Bahamas to push for Sand Dollar adoption

Bahamas Mandates Banking Integration of Sand Dollar to Boost Digital Currency Use

The Central Bank of The Bahamas is enforcing new regulations to integrate the Sand Dollar into commercial banks, aiming to boost its adoption and enhance financial inclusion. Despite being launched in 2020, the Sand Dollar currently accounts for less than 1% of the currency in circulation.

Trending: