category cryptocurrency Financial Institution Related Topics 
Troutman Sanders
AUGUST 7, 2023
On July 31, the SEC sued Richard Heart, and his cryptocurrency projects Hex, and PulseChain, alleging that Heart, who raised more than $1 billion across three different unregistered securities offerings, defrauded investors by touting his products as a pathway to wealth. For more information, click here. For more information, click here.
Troutman Sanders
DECEMBER 5, 2022
Romero emphasized the catastrophic risks associated with “the commingling of customer funds with company funds,” and how the user agreements of two of the world’s leading cryptocurrency exchanges, Coinbase, Inc. and Kraken, authorize the commingling of customer cryptocurrency deposits with cryptocurrency owned by the exchanges.
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Troutman Sanders
JANUARY 23, 2023
s (Nexo) assent to pay a $45 million fine to remedy its offering of an interest-bearing cryptocurrency deposit product called the “Nexo Earn Interest Product” (EIP), which the SEC alleged constituted the offering and selling of unregistered securities in violation of federal securities law. For more information, click here.
Fico Collections
APRIL 29, 2022
Some of the changes are related to new digital payments methods like P2P apps, tap-to-pay, and cryptocurrency, which are all growing options in retail environments. Scammers Exploit Zelle and Cryptocurrencies. For example, Chase Bank allows users to connect to the Coinbase exchange to buy and sell cryptocurrencies.
The Kaplan Group
APRIL 11, 2021
BitMEX capitalised on the increasing interest in cryptocurrencies and the shortage of actual exhausting currencies. Here punters will learn how to make deposit utilizing the cryptocurrency in addition to why they should use it to make deposits. So, you should purchase/promote between fiat and cryptocurrencies by way of it.
Troutman Sanders
MARCH 8, 2021
On March 5, the Federal Reserve Board clarified guidance relating to definitions for minority depository institutions (MDIs), expanded the MDI definition to include women-owned financial institutions, and highlighted resources available to MDIs through its Partnership for Progress program. For more information, click here.
Troutman Sanders
NOVEMBER 15, 2022
Director Chopra discussed potential resolutions on the hypothetical failure of three categories of systemically important financial institutions: (1) domestic systemically important financial institutions; (2) nonbank systemically important financial institutions; and (3) global systemically important banks.
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