UK Says Crypto Companies Are Vulnerable to Money Laundering Cases
Follow Us @
UK Says Crypto Companies Are Vulnerable to Money Laundering Cases
Previously, Robinhood, a popular trading platform, had received a Wells notice from the United States Securities and Exchange Commission (SEC), which led to a 2.5% drop in its stock price during pre-market trading.
The Wells Notice is an official letter sent by the US securities regulator signaling the conclusion of its investigation, in this case, into the United States (US)-based crypto business Robinhood.
The SEC has concluded a preliminary determination to recommend enforcement action regarding alleged securities violations.
The investigation follows Robinhood's efforts to register with the US securities watchdog, as highlighted by Dan Gallagher, head of legal, compliance and corporate affairs at Robinhood Markets.
Gallagher expressed disappointment with the SEC's decision, saying it followed years of good faith efforts to work with the SEC for regulatory clarity.
“This includes our well-known efforts to ‘sign in and register,’ we are disappointed that the agency decided to issue an SEC decision. Wells' notice relates to our US crypto business,” said Gallagher, quoted from Yahoo Finance, Wednesday (8/5/2024).
UK Says Crypto Companies Are Vulnerable to Money Laundering Cases
Follow TODAYSGIST on Google News and receive alerts for the main trending news on cryptocurrency, market trends, upcoming events, predictions, sanctions and lots more!
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
#Crypto #Companies #Vulnerable #Money #Laundering #Cases
-
Cryptocurrency3 months ago
NFT Sales Touch IDR 4.3 Trillion in the Second Week of February 2024
-
Sports3 months ago
Making history at the 2023 Asian Cup, the Indonesian national team raises its position in the FIFA rankings
-
Sports3 months ago
PSG Will Try to Sign Frenkie De Jong from Barcelona
-
usa today entertainment3 months ago
Adu Outfit Park Min Young Becomes an Office Worker, from Drakor What's Wrong with Secretary Kim to Marry My Husband
-
Sports3 months ago
Falling from Bilbao, Girona's position is threatened in the Spanish League
-
Sports3 months ago
And Ashworth Urges Manchester United to Seize an Important Figure at Chelsea
-
Trend tech & Telecoms3 months ago
28 Terrorist Group Accounts Get Paid Blue Check on X
-
Sports3 months ago
Lukaku Calls Draw Away Good Results