Singapore’s regulatory authority has launched a fresh probe into Terraform Labs, a blockchain company established by Do Kwon, amid tensions over potential regulatory breaches. The step follows a similar investigation opened by the United States Securities and Exchange Commission (SEC) last year for misleading the public by stating that Terra was decentralized and that TerraUSD…
In recent years The Securities and Exchange Commission has cracked down on several high-profile crypto firms. In a recent effort, SEC has launches emergency actions against BKCoin, a Miami-based investment advisor, for its involvement in a $100 million fraudulent investment scheme. What are the Allegations against BKCoin? As per the SEC, BKCoin and its co-founder,…
Binance US, the American branch of the global cryptocurrency giant Binance, is reportedly accused of running an unregistered securities exchange. This news comes as a shock to the American crypto community. Thanks to the SEC’s scrutiny of companies that violate securities laws in the cryptocurrency space as this revelation is part of this ongoing clampdown…
The sudden surge in crypto volatility has been a major headache for regulators worldwide, prompting them to take drastic measures. As a part of this process recently the U.S. Securities and Exchange Commission (SEC) decided to take strict measures against crypto custodians. The news gained significant popularity among internet users, many users voiced their opinions…
There is no denying that cryptocurrencies have captivated the world. However, with the rise of cryptocurrency also comes the potential for increased risk which increases the tension among investors. To help investors avoid such situations the U.S. Securities and Exchange Commission (SEC) has come up with its list of priorities for 2023, and it appears…
