The company said that it would no longer allow trades with U.S. dollars on its platform. Customers were urged to withdraw funds by Tuesday.
Category: Regulation and Deregulation of Industry
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Founders of Three Arrows, Failed Crypto Fund, Are Living Large
The implosion of Three Arrows Capital, a cryptocurrency hedge fund, devastated the industry. Its two founders spent the next year surfing, meditating and traveling the world.
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The Risks of Storing Money in Apps Like Venmo and Cash App
The Consumer Financial Protection Bureau is warning that the funds may be at risk if the app’s parent company runs into trouble.
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Binance Halts Trading in Dollars on Binance.US
Banks have signaled that they will stop working with the company’s American branch, it said, after the Securities and Exchange Commission sued it this week.
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Binance Moved Billions Through Two U.S. Banks, Regulators Say
The S.E.C. shared new details about how Binance’s accounts at Signature Bank and Silvergate Bank were used to move customer funds quickly through a web of foreign companies.
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Crypto Crackdown: Coinbase and Binance Lawsuits Shake Markets
The S.E.C.’s actions indicate a push to require crypto businesses offering securities to follow the same rules as traditional stock and bond exchanges.
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How Sam Altman Stormed Washington to Set the A.I. Agenda
The chief executive of OpenAI, which makes ChatGPT, has met with at least 100 U.S. lawmakers in recent months. He has also taken his show abroad.
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Crypto Firms Start Looking Abroad as U.S. Cracks Down
As the country becomes one of the world’s strictest crypto regulators, companies are exploring plans to expand internationally and possibly leave entirely.
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SEC Accuses Coinbase of Breaking Market Rules
The regulator said that the cryptocurrency trading platform allowed users to trade unregistered securities, a day after it accused the crypto platform Binance of mishandling funds.
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S.E.C. Accuses Binance of Mishandling Funds and Lying to Regulators
The S.E.C. said the world’s largest cryptocurrency exchange mixed “billions of dollars” in customer funds and secretly sent them to a separate company controlled by Binance’s founder, Changpeng Zhao.
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G.M. and Stellantis Paid $364 Million in Fuel Economy Fines
The automakers paid the federal government for falling short of efficiency standards for cars and trucks in recent years.
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Amazon to Pay $25 Million to Settle Children’s Privacy Charges
Regulators said the tech giant kept children’s Alexa voice recordings “forever,” violating a children’s privacy law.