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In response to the impending conduct injunction expected from the ongoing legal battle with the SEC, Terraform Labs announced measures to comply with regulatory requirements. These measures include barring U.S. users from accessing certain products and features starting April 28. Despite expressing frustration, the company acknowledges the necessity to adapt to the evolving regulatory landscape. Amid the growing U.S. regulatory scrutiny, Terraform Labs has recently introduced some bold measures in place. Earlier this week on Thursday, April 25, Terraform Labs…

Hedera Network, along with Archax and Ownera, has facilitated the tokenization of BlackRock’s ICS US Treasury Fund, albeit without direct involvement from BlackRock. Despite a significant market response, clarity was restored after BlackRock confirmed its lack of direct participation, impacting Hedera’s (HBAR) cryptocurrency prices. A spokesperson from BlackRock has clarified, as reported by PANews via Binance News, that BlackRock did not play a direct role in the decision made by Archax and Ownera to tokenize BlackRock’s ICS Treasury Fund using…

The post Terraform Labs Faces Injunction Order To Limit Its Operations Amidst US User Access After SEC Ruling appeared first on Coinpedia Fintech News Terraform Labs, the company headed by criminally charged Do Kwon that caused the million-dollar crypto crash in 2021, announced that it will restrict US users from accessing certain products and features starting next week.  The move is a response to the Securities and Exchange Commission’s injunctions following a court ruling against the firm and its former…

The post US FBI Issues Stark Warning Against Unregistered Cryptocurrency Services appeared first on Coinpedia Fintech News The U.S. regulatory forces have launched a full-fledged attack on cryptocurrency services that are not registered to the U.S. and do not comply with their rules.  The Federal Bureau of Investigation has warned American consumers about the risks of using cryptocurrency money-transmitting services not registered as Money Services Businesses (MSBs).  FBI’s Warning on Unlicensed Cryptocurrency Services In a recent Public Service Announcement, the…

Renowned digital asset researcher Anderson’s bold claims suggest that Ripple is poised to launch a stablecoin tailored for U.S.-based On-Demand Liquidity (ODL) customers. Ripple’s strategic move to introduce a stablecoin for U.S. ODL transactions underscores its efforts to maintain its foothold in the U.S. market amidst regulatory scrutiny. Renowned digital asset researcher Anderson has put forward assertive claims regarding Ripple’s forthcoming stablecoin, proposing a link with On-Demand Liquidity (ODL). In a recent post on X, Anderson suggested that Ripple intends…

The post U.S. DOJ Cracks Down on Samourai Wallet for Alleged Money Laundering appeared first on Coinpedia Fintech News Samourai Wallet developers released a beta version in 2024 allowing atomic swaps of bitcoin/monero. This new feature streamlined secure swaps between BTC and XMR using the Tor network. This release came amidst government scrutiny of privacy coins and exchanges delisting them.  In October, FinCEN proposed new rules for crypto-mixing services. This was done to reduce money laundering risks. Also, starting from…

Binance founder Changpeng Zhao faces a potential sentencing of 36 months in prison, as U.S. prosecutors seek a heavier penalty over allegations of facilitating money laundering. Zhao’s defense challenges prosecutors’ claims, proposing probation instead of imprisonment, his sentencing, scheduled for April 30, awaits the court’s decision. As Binance founder Changpeng Zhao awaits his sentencing by the end of April, U.S. prosecutors are seeking 36 months of prison over charges of allowing money laundering through his crypto platform. The memorandum, submitted…

Tether has announced that all wallets associated with Venezuela’s attempts to bypass U.S. sanctions on oil exports will be frozen. The decision follows recent reports indicating an increased use of Tether’s USDT by Venezuela’s state-run oil company, PDVSA, to avoid sanctions imposed by the United States. Venezuela’s PDVSA Turns to Tether Amid Sanctions According to a Reuters report, Venezuela’s state-run oil company, PDVSA, transitioned to using Tether’s USDT after facing renewed sanctions on its oil exports. Tether took a similar…

The U.S. Department of Justice (DOJ) has recommended a three-year prison sentence for Changpeng “CZ” Zhao, the founder and former Chief Executive Officer of Binance. This recommendation follows Zhao’s guilty plea last year for violating the Bank Secrecy Act last November. CZ’s Sentencing According to documents filed by DOJ attorneys on Tuesday night, Zhao should serve 36 months in prison and pay a $50 million fine. The filing asserted that “the sentence in this case will not just send a…