National Westminster Bank Plc (NatWest) on Thursday entered into a guilty plea to the criminal money laundering charges brought against it by the Financial Conduct Authority (FCA). “NatWest accepts that it failed to comply with regulation 8(1) between 7 November 2013 until 23 June 2016; and regulations 8(3) and 14(1) between 8 November 2012 until 23 June 2016 under MLR […]

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Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, argued that Russia needs to adopt new laws to protect retail investors from the potential losses of investing in crypto, local news agency Interfax reported on Wednesday.  To this end, lawmakers in the country’s parliament are reportedly considering new legislation to limit cryptocurrency investments by non-accredited investors, he stated. […]

Eth2 staking provider Rocket Pool has postponed its launch after a possible exploit was identified in the protocol’s code. On Oct. 6, Rocket Pool announced the postponement while the team implements a fix for the bug. Rocket Pool tweeted that “relatively minimal” changes are required to patch the vulnerability and that a new launch date will be announced soon. Rocket […]

Circle Internet Financial, the company behind the USDC stablecoin, is under investigation by the U.S. securities watchdog. The firm revealed in a recent regulatory filing that the Securities and Exchange Commission (SEC) subpoenaed it in July, although it refused to reveal what the probe was about. Circle is one of the two key companies behind the Centre Consortium, the organization […]

El Salvador is now using energy from nearby volcanoes to mine bitcoin. El Salvador Is Putting Local Volcanoes to Good Use President Nayib Bukele announced late last week that his country had minted what he called the first volcano-powered bitcoin unit. He also posted a video of bitcoin rigs being set up at a geothermal crypto mining operation stationed in […]

The US Commodity Futures Trading Commission (CFTC) announced on Wednesday it had issued an order and simultaneously filed and settled charges against ICE Clear Europe Limited (ICEU) for violating customer protection regulations. According to the press release, the ICEU allegedly violated regulations that require derivatives clearing organizations to obtain written acknowledgment letters from a depository. The order revealed that from […]

Spanish bank Banco Santander SA announced that Getnet Brazil, its merchant payment business, will begin trading on the B3 stock exchange in Sao Paulo starting October 18. Afterward, the company is set to trade on the Nasdaq stock exchange in New York on October 22, Santander noted. According to the press release, the trading on the Nasdaq stock exchange will […]

Key takeaways Ripple files a motion that undermines the SEC DPP argument. The motion could mean that around 37 documents would have to be turned over by the SEC.  A conclusion to the case does not seem forthcoming.  While there is hope that the SEC vs. Ripple lawsuit might soon reach a conclusion, the time when this will be reached […]