U.S. The move back could underscore a belief that the U.S. is once again a more favorable jurisdiction Separately, U.S.-based cryptocurrency exchange Kraken now lets users make payments with their accounts. Kraken Pay allows users to choose the crypto or fiat currency in their accounts
that they want to send and transmit
that payment instantly, according to a cyprus mobile database Wednesday Jan. company blog post.Regulatory Scrutiny Continues While political support is boosting industry confidence, crypto firms are still facing regulatory headwinds.
Governments across the globe are tightening
compliance standards, cracking down on illicit activity, and enforcing penalties against firms accused of skirting financial regulations.French menu first lets take a authorities recently launched a probe against Binance, the world’s largest cryptocurrency exchange, over allegations of money laundering. The investigation adds to Binance’s growing list of legal troubles, which include lawsuits and regulatory actions in multiple jurisdictions.
Meanwhile, cryptocurrency exchange KuCoin
will exit the U.S. market for at least two years after its operator, Seychelles-based Peken Global Limited, pleaded guilty Monday Jan. to one cmo email list count of operating an unlicensed money transmitting business. Peken will also pay monetary penalties totaling more than million, while two of its founders, Chun Michael Gan and Ke Eric Tang, will step down from any role in KuCoin’s management or operations.
Attorney Danielle R. Sassoon said in the release that KuCoin avoided implementing required anti-money laundering AML policies for years.As a result, KuCoin was used to facilitate billions of dollars’ worth of suspicious transactions and to transmit potentially criminal proceeds, including proceeds from darknet markets and malware, ransomware and fraud schemes, Sassoon said. Today’s guilty plea and penalties show the cost of refusing to follow these laws and allowing unlawful activity to continue.
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Global Growth and Regulatory Battles Defined Crypto This WeekUS Bancorp Names President Gunjan Kedia to CEO PostMastercard Teams With BMO and Porter Airlines on Travel RewardsTravel Ledger Integrates Revolut to Facilitate Travel Industry BB PaymentsSee More In: AML, Binance, Blockchain, ByBit, Cryptocurrency, Czech National Bank, digital assets, Donald Trump, fraud, Kraken, Kucoin, money laundering, News, PYMNTS News, regulations, TechnologyUS Bancorp Promotes President Gunjan Kedia to CEO PostBy PYMNTS | January
One of the hallmarks of U.S. Bancorp is its thorough
and measured approach to succession planning. The company’s bench is deep, and the talent to grow and promote from within is impressive, said U.S. Bancorp Lead Independent Director Roland Hernandez, thanking Cecere for his nearly eight years of service as CEO.At the same time, we are inspired by Gunjan’s vision for the company, and we are confident in her ability to guide U.
Bancorp into a vibrant and engaging future that honors the past while achieving new possibilities, Hernandez added.Kedia, the bank’s first female CEO, joined the company in and has spent nearly years in the financial services sector, holding executive and leadership roles at companies such as State Street Financial, BNY, McKinsey and Company and PwC.Cecere has been with U.
