Saxo Bank ordered to dispose of crypto holdings by Denmark’s DFSA
The DFSA ordered the Saxo Bank to dispose of its own holdings in crypto. The Financial regulators in Denmark have said that local banks are not allowed to hold crypto…
Blockchain Company Paxos Trust ordered to stop issuing Binance USD
The NYDFS has ordered Paxos Trust Co. to stop issuing BUSD stablecoin. This comes after the SEC issued Paxos with a wells notice on the same. The SEC alleges Binance…
Bithumb ordered to pay customers for service outage
Bithumb had a one and half hour outage that caused customers to lose funds. South Korean Supreme Court has ordered the exchange to pay the customers for the damages. Initially,…
MyConstant ordered to cease crypto-lending services in Califonia
California Department of Financial Protection and Innovation (DFPI) has ordered MyConstant to cease offering some products. The DFPI had warned in July that it would crack down on crypto interest…
Crypto lender Celsius ordered to return crypto worth $44M to customers
The funds in question are cryptocurrencies held within custody accounts on Celsius that were yet to be transferred from earned accounts. KEY TAKEAWAYS The order was given by a United…