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Judge rules crypto protocols can be money transmitters without control

A judge has ruled on the compliance requirements for a crypto money transmitter — even if they do not control their users’ funds.

Crypto firm Payeer fined $10M for serving Russian customers

Lithuania slapped crypto wallet firm Payeer with a $10.1 million fine after it broke Russian sanctions and anti-money laundering laws.

Oligarch Mikhail Klyukin sold £15 million of shares in a crypto firm linked to former UK chancellor Philip Hammond.

Given Kraken’s track record, it’s hardly surprising a US Treasury probe is expected to issue fines for sanctions evasion.

Reuters revealed Binance knew it was serving Iran-based users despite US sanctions prohibiting them from doing so.