ASIC

News 2025 August 7, 18:01 (30 days ago )

6 hours Crypto Highlights: Bitcoin, Ethereum, Ripple, Binance – Unfolding Market Dynamics

The #NewYork Department of Financial Services has fined #Paxos $48.5 million for compliance lapses linked to #Binance. This penalty underscores the increasing scrutiny regulators are placing on cryptocurrency exchanges.

In a significant development, the #ASIC has charged four individuals in a $35 million Australian crypto laundering case. This case highlights ongoing issues with regulatory compliance and illicit activities in the crypto space.

Meanwhile, #Chainlink has announced the launch of its #Reserve, aiming to enhance liquidity and utility within its ecosystem. This launch is expected to attract more users and bolster #LINK's market presence.