Tag - crypto regulation

SEC’s Grewal criticizes crypto industry’s ‘noncompliance’

U.S. SEC Enforcement Director Gurbir Grewal condemned the crypto industry for its “significant lack of compliance.” During the SEC Speaks event, Grewal responded to criticism leveled at the agency over excessive SEC crypto regulation. “We have confronted significant non-compliance and many, many creative attempts by market participants to avoid our jurisdiction, with some claiming that we are making it up as...

EU bans anonymous crypto wallet to combat money laundering

The EU has introduced a new directive that outlaws transactions using anonymous, privately managed crypto wallets for any transaction value. A European Parliament representative revealed that the directive received approval from the majority of the EU Parliament’s leadership committee on Thursday. This latest regulation, aimed at combating money laundering, sets limits on cash transactions and bans all anonymous cryptocurrency transactions....