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Tether's Gold Royalty Shift - And What It Means For Your Portfolio
Benzinga· 2025-11-24 19:47
Tether (CRYPTO: USDT) is making a move that crypto insiders should understand but Wall Street is completely sleeping on. While the U.S. Congress finalizes stablecoin rules and Treasury wrestles with foreign-issued digital dollars, Tether has deployed over $300 million into gold royalties: these are hard assets that can’t be frozen, can’t be sanctioned, and sit outside the regulatory perimeter. It now owns nearly a third of Elemental Altus Royalties (OTC:ELEMD) , holds significant stakes in Versamet Royaltie ...
X @Mayne
Mayne· 2025-11-08 04:43
RT Satraj (@sat_bam_)We’re five months in, with $3 billion in volume traded. We acknowledge that KYC and KYB create some friction, but regulatory compliance is a core component of our long-term vision. Alongside this, we’re launching new retail-focused products that offer a low-friction, fun trading experience. We also have major updates and partnerships coming that will increase liquidity on the platform. Our team is here to win, and we’re excited about the future.Go Rails! ...
X @CoinDesk
CoinDesk· 2025-11-06 03:00
🤔 Didn't catch the final day of @chainlink SmartCon 2025. Catch the complete re-air of Day 2 tonight at 11:00 p.m. EST!Don't miss key conversations for the blueprint for tokenization, regulatory compliance, and the next evolution of Web3. https://t.co/hwrEAaltWQ ...
Kraken Tests AI-Proof Identity System — Can Crypto Beat Deepfake Fraud?
Yahoo Finance· 2025-10-31 05:55
Core Insights - Kraken reported a revenue of $472 million in Q1 2025, indicating a promising outlook despite facing challenges in regulatory compliance and AI-enabled fraud [1] Regulatory Compliance - Kraken holds 12 regulatory registrations and licenses, including Money Services Business registration with FinCEN in the US and FINTRAC in Canada, requiring all users to complete KYC verification [2] - The EU's Transfer of Funds Regulation, effective December 30, 2024, mandates crypto asset service providers to include sender and receiver information in transactions, with Kraken's pilot focusing on US operations [3] Fraud and Security Challenges - Synthetic identity fraud, which uses AI to create legitimate-looking profiles, accounted for 28% of fraudulent registrations on crypto exchanges in 2024, with 60% of deposits into scam wallets involving AI technology [4] - Deepfake technology poses a challenge to traditional KYC processes, as it can create synthetic identities that bypass standard verification methods [5] INFINITY Authentication Platform - Kraken has joined a pilot program for Eightco's INFINITY authentication platform, which aims to address identity verification challenges across various jurisdictions [1][3] - INFINITY is designed to embed authentication within applications, acting as a "trust layer" for verifying human identity [5] Market Context - The financial services sector targeted by INFINITY represents approximately $35 trillion in global assets, while crypto treasuries approach $500 billion in assets under management [7] - Adoption rates for new authentication technologies in these sectors typically take several years [7] Funding and Support - Eightco's backers include notable firms such as BitMine, World Foundation, and Kraken, among others, indicating strong support within the industry [8]
Finra Hits California Brokerage Firm With Fines, Alleges Multiple Disclosure Failures
Barrons· 2025-10-23 20:07
Core Points - A California brokerage firm, J.K. Financial Services, has been fined $65,000 by regulators for multiple disclosure failures [2] - The violations pertain to omissions in Form CRS, which is a required customer relationship summary detailing the firm's business model, conflicts of interest, and prior disciplinary history [2] Summary by Category Regulatory Actions - The Financial Industry Regulatory Authority (Finra) imposed a fine of $65,000 on J.K. Financial Services for alleged violations [2] - The firm is accused of failing to provide essential information in its Form CRS, which is critical for customer understanding [2] Compliance Issues - The alleged violations include non-compliance with Regulation Best Interest (Reg BI) and inadequate supervision practices [2] - The importance of Form CRS is highlighted as it serves to inform clients about the brokerage's operations and any potential conflicts [2]
Could Buying XRP Today Set You Up for Life?
Yahoo Finance· 2025-10-07 09:30
Core Insights - XRP presents a compelling investment opportunity, but distinguishing between a potential windfall and a sustainable investment strategy is crucial [1] - The current market cap of XRP is approximately $181 billion, indicating that substantial capital investment is necessary for significant returns [2] Investment Potential - For XRP to achieve a tenfold increase, it requires strong execution in technology, regulatory relations, distribution, and user engagement within financial institutions [3] - XRP is considered too mature to deliver outsized returns in the near term for typical investors, especially those investing less than $10,000 [3] Institutional Appeal - XRP must maintain its attractiveness to institutions focused on regulatory compliance, settlement finality, and low transaction fees, with features like authorized trust lines and freeze functions being essential [4] - The XRP Ledger (XRPL) is positioned favorably compared to competitors in terms of regulatory features [4] Market Infrastructure - The liquidity on the XRPL needs to improve to meet the demands of banking and currency exchange institutions [5] - The launch of the Automated Market Maker functionality in early 2024 is expected to enhance on-chain liquidity tools [5] Future Growth Areas - XRP has significant growth potential in areas such as real-world asset tokenization, money transfers, and payment processing [6] - Securing partnerships with financial institutions is critical for XRP's success [6]
Prediction Market Polymarket Poised to Relaunch in US Within Days
Yahoo Finance· 2025-10-01 19:57
Core Insights - Polymarket is set to reopen to U.S. users after nearly four years of being effectively banned by the CFTC, with potential relaunch as soon as tomorrow [1] - The company acquired QCX LLC for $112 million, gaining a Designated Contract Market license that allows self-certification of markets for U.S. users [2] - Following the acquisition, Polymarket received a no action letter from the CFTC, allowing it to proceed with its U.S. operations [3] Company Developments - Polymarket is targeting U.S.-based users with regulated and self-certified markets, leveraging its DCM license [4] - The company has stated that markets will be listed no earlier than October 2, 2025, with filings for various event contracts [5] - CEO Shayne Coplan discussed the evolving regulatory landscape during a panel with other industry executives [6] Market Context - Polymarket gained prominence during the lead-up to the 2024 election, successfully predicting the reelection of President Donald Trump [3] - The prediction market sector has seen significant growth, with Polymarket and its competitor Kalshi achieving hundreds of millions in weekly trading volume [3] - Kalshi has recently gained market share due to its established presence in the U.S. through its own DCM license [3]
GROW Capital, Inc. (OTCID: GRWC) Announces Engagement of PCAOB Registered Independent Public Accounting Firm
Prnewswire· 2025-09-30 15:16
Core Insights - GROW Capital, Inc. has engaged Cherry Bekaert LLP for independent audits of its fiscal 2024 and 2023 financial results, marking a commitment to transparency and regulatory compliance [2][3] - The return to independent audits is seen as a pivotal step towards uplisting to a more senior tier of OTCMarkets and completing a review of a Form 211 under SEC Rule 15c2-11 [3][4] - The company aims to achieve OTCQB tier compliance and explore uplisting opportunities with NASDAQ, NYSE American Exchange, or the upcoming Texas Stock Exchange [4][5] Company Strategy - GROW Capital's strategic goals include scaling subsidiaries, expanding fintech capabilities, and pursuing new market opportunities [5][6] - The company operates through subsidiaries such as PERA LLC, PERA Administrators LLC, and Bombshell Technologies LLC, providing retirement plan administration and fintech solutions [6]
M&T Bank Corporation’s (MTB) Dividend Stability Through Economic Cycles and its Role in Cheap Quarterly Dividend Stocks
Yahoo Finance· 2025-09-25 15:55
Group 1 - M&T Bank Corporation (MTB) is recognized as one of the 11 Cheap Quarterly Dividend Stocks to buy currently [1] - The company operates as a regional lender with a strong presence in community, commercial, and retail banking, offering services such as mortgage lending and consumer finance [2] - Recent priorities for MTB include regulatory compliance, disciplined capital and liquidity management, risk oversight, and growing fee-based income [3] Group 2 - M&T Bank declared an 11% increase in its quarterly dividend to $1.50 per share, marking the ninth consecutive year of dividend growth [4] - As of September 23, the stock has a dividend yield of 2.99% [4]
UBS Resolves Legacy French Tax Matter With Nearly $987M Settlement
ZACKS· 2025-09-24 18:21
Core Insights - UBS Group AG has agreed to pay €835 million ($986.8 million) to resolve a long-standing French tax case related to its cross-border business activities from 2004 to 2012 [1][8] Summary by Sections Settlement Details - On September 23, 2025, UBS announced it would pay a €730 million ($862.7 million) fine and €105 million ($124.1 million) in civil damages to the French state, indicating that the matter is fully provisioned and aligns with the company's strategy to address legacy issues [2][8] Historical Context - The French tax case dates back over a decade, with a February 2019 ruling finding UBS guilty of illicit client solicitation and laundering tax fraud proceeds, resulting in a record fine of €3.7 billion ($4.4 billion) and €800 million ($945.4 million) in civil damages [3] - In December 2021, the Paris Court of Appeal upheld the guilty verdict but reduced some penalties, lowering the fine to €3.75 million ($4.43 million) and adding €1 billion ($1.18 billion) in confiscations while maintaining the €800 million in damages [4] - The French Supreme Court confirmed the guilty verdict in November 2023, leading to a reassessment by the Paris Court of Appeal and ultimately the 2025 settlement [4] Other Regulatory Matters - UBS has settled additional regulatory issues, including a $300 million payment to the U.S. Department of Justice in August 2025 related to Credit Suisse's mortgage-backed securities business and $511 million for a tax probe involving Credit Suisse's role in aiding U.S. clients in tax evasion [5] - In August 2023, UBS paid $1.44 billion to settle mortgage-related misconduct from the 2008 financial crisis, highlighting the need for improved compliance practices amid ongoing legal costs from Credit Suisse [6] Financial Performance - Over the past six months, UBS Group shares have increased by 25.0%, outperforming the industry's growth of 22.4% [7]