December 21, 2022
EU Cracks Down on Phone Number Masking to Protect Consumers

Phone number masking cases have caused European authorities to issue advice on how to prevent fraud. While the big European fraud trial of the moment is the Wirecard case, in...

December 20, 2022
French Crypto Investors File Complaint Over Binance’s Social Media Marketing 

Binance is facing a criminal complaint in France for its social media marketing.  Filed by crypto investors, the complaint accuses the crypto exchange of misleading commercial practices and promoting itself...

December 19, 2022
Insurance Companies Wary of Clients Tied to Crypto Exchange FTX

Insurers have begun denying coverage to customers with exposure to collapsed crypto exchange FTX. This has left digital currency traders and exchanges without protection from hacks, lawsuits, or theft, a...

December 16, 2022
Binance Crypto Exchange Faces Growing Industry Headwinds

Efforts to restore public trust in the Binance crypto exchange are proving to be challenging. This, as ongoing industry headwinds continue to blow and new developments surrounding audit practices come...

December 15, 2022
European Banks Pay for Anti-Money Laundering Failures

A string of fines is shining a light on anti-money laundering failures at European banks. First, the U.K.’s Financial Conduct Authority (FCA) slapped Gatehouse Bank with a £1.5 million ($1.83...

December 15, 2022
Backlog Forces Resignation of Germany’s Anti-Money Laundering Head

The leader of German’s anti-money laundering office has reportedly resigned. Christof Schulte, who had overseen Germany’s Financial Intelligence Unit (FIU) since 2018, stepped down Thursday (Dec. 15) following the revelation...

December 14, 2022
Pulse Check on Capitol Hill’s Plans for Crypto Markets Regulation

With crypto markets in turmoil, regulating the volatile industry has become a priority for lawmakers. This pivot comes as the collapse of cryptocurrency exchange FTX has sent tremors through the...

December 14, 2022
Warren Pushes Bipartisan Bill To Regulate Crypto

Elizabeth Warren is pressing Congress to adopt new bipartisan legislation which would force crypto firms to abide by the same regulations as banks and corporations in an attempt to crack...

December 14, 2022
Binance CEO Changpeng Zhao Says Crypto Industry Faces ‘Tough Questions’

Binance CEO Changpeng Zhao said the cryptocurrency exchange will ride out the current crypto winter. In a Tuesday (Dec. 13) memo to Binance staff that was provided to PYMNTS, Zhao...