# Enforcement Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Enforcement", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

SEC Proposal a ‘Significant’ Step Forward From ‘Ill-Suited’ Crypto Rules: Commissioner Peirce

A U.S. Securities and Exchange Commission (SEC) commissioner, Hester M. Peirce, has called a new SEC proposal a significant improvement over what she termed a "misfit" set of crypto rules. Peirce stated that a whole generation has struggled due to the SEC's insistence on applying unsuitable regulations to cryptocurrencies, but the new proposal moves toward "clear, sensible, and enforceable rules for crypto offerings." SEC Chairman Paul S. Atkins also welcomed the initiative, noting in a separate statement that the agency's previous enforcement-heavy approach had driven investment overseas, limiting investor protections domestically. The proposal, announced on Tuesday, outlines new rules aimed at creating a clear and purposeful framework for certain investment contracts involving crypto assets, designed to allow organizations to raise capital while protecting investors. This move comes shortly after the U.S. Senate failed to advance the comprehensive Digital Asset Market Clarity (CLARITY) Act. Atkins had previously stated the SEC was prepared to develop rules for digital assets if the Senate could not pass the CLARITY Act. Meanwhile, Galaxy Digital has lowered its estimated odds of the CLARITY Act passing by 2026 to just 10%, citing numerous unresolved policy questions and the Senate's limited time—only about two to three weeks after reconvening on September 14—to pass it.

cryptonews.ru08/19 14:05

SEC Proposal a ‘Significant’ Step Forward From ‘Ill-Suited’ Crypto Rules: Commissioner Peirce

cryptonews.ru08/19 14:05

Austria Fines Bitpanda €70,000 – First MiCA-Related Crypto Penalty

Austria's Financial Market Authority (FMA) has imposed the first recorded penalty under the EU's Markets in Crypto-Assets (MiCA) regulation, fining licensed crypto exchange Bitpanda €70,000. The FMA stated that Bitpanda failed to notify the regulator at least 20 days before trading commenced for a crypto asset, violating MiCA's Article 8. Furthermore, the exchange issued a marketing notice without first publishing the required technical white paper, breaching Article 1. The regulator emphasized that this legally binding decision marks a shift for MiCA from a licensing and supervisory framework into an active enforcement phase, underlining that rules ensuring transparency and investor protection are integral. A commentator noted the penalty raises questions about Bitpanda's commitment to compliance, stressing that a license only builds trust if its underlying rules are strictly followed.

cryptonews.ru08/17 07:14

Austria Fines Bitpanda €70,000 – First MiCA-Related Crypto Penalty

cryptonews.ru08/17 07:14

Trump Takes 'Significant Step' in Combating Cryptocurrency Scammers

On August 12, President Donald J. Trump issued a national security memorandum titled "Expanding Capabilities to Combat Transnational Cybercrime." The policy targets ransomware, phishing, financial fraud, and identity theft schemes against Americans. Patrick Witt, Executive Director of the Presidential Digital Asset Advisory Council, stated this measure is a key step in disrupting scammers who use cryptocurrency to defraud Americans. The memorandum establishes a program for approved U.S. companies to conduct cyber surveillance and operations, managed by a National Coordination Center. Participating firms must contract with the Justice or Homeland Security departments, meet standards, and may need to post a $1 million bond. Loss data highlights the focus: FBI’s 2025 report noted over $20.8 billion in cybercrime losses, with cryptocurrency-related complaints accounting for $11.37 billion and investment scams alone causing $7.2 billion. Previous enforcement, like actions against Huione Group and a multi-nation operation leading to 276 arrests, shows existing infrastructure. The new program differs by creating a permanent channel for private companies to conduct federally-approved missions alongside traditional law enforcement. Coordinated public-private efforts, like Operation Atlantic, have identified victims and frozen stolen funds. Basic consumer precautions remain critical. Agencies now have 60 days to develop implementation procedures that meet legal and constitutional standards before any operations are approved.

cryptonews.ru08/14 11:17

Trump Takes 'Significant Step' in Combating Cryptocurrency Scammers

cryptonews.ru08/14 11:17

Central Bank to Monitor Mis-selling in Cryptocurrency Sales

The Central Bank of Russia (CBR) plans to monitor potential cases of misselling in the sale of cryptocurrencies and digital instruments, according to Deputy Chairman Mikhail Mamuta. He emphasized that as new regulations for digital currencies are being introduced, it is crucial to oversee how well financial organizations inform people about the risks of cryptocurrencies, not just the opportunities. Mamuta noted that the purchasing process for the general public involves pre-checking investors' knowledge and setting risk limits based on investment amounts, but these measures do not eliminate the need for additional oversight of financial institutions' actions. The CBR will take appropriate measures if violations are identified. The announcement follows the regulator's recent inclusion of Bitcoin, Ethereum, and Tether USDT in the list of cryptocurrencies approved for public trading on exchanges. Qualified investors will be able to purchase all cryptocurrencies traded on exchange and over-the-counter markets without restrictions. This development comes after President Vladimir Putin signed a law establishing the legal framework for cryptocurrency circulation in Russia, regulating operations with digital currencies and defining their use under Russian law.

cryptonews.ru08/14 10:47

Central Bank to Monitor Mis-selling in Cryptocurrency Sales

cryptonews.ru08/14 10:47

Hawaii crypto ATM ban to take effect on Oct. 1

Hawaii will implement a total ban on cryptocurrency ATMs and kiosks starting October 1, following the signing of House Bill 1642 into law by Governor Josh Green in July. The legislation prohibits the ownership, operation, or management of kiosks that exchange U.S. currency for digital assets. Lawmakers cited FBI data reporting over $11 billion in digital asset scam losses nationwide in 2025, with Hawaii residents filing 826 related complaints and incurring roughly $80 million in losses. Hawaii joins Minnesota, Tennessee, and Indiana in enacting such bans, while states like South Dakota and Wyoming have imposed strict regulations. According to CoinATMRadar, 57 crypto ATMs and kiosks were operational across Hawaii's main islands as of this week.

cointelegraph08/12 21:30

Hawaii crypto ATM ban to take effect on Oct. 1

cointelegraph08/12 21:30

New York City Council Announces Investigation into 'Aggressive Marketing Practices' in Prediction Markets

The New York City Council has launched an investigation into prediction market companies to determine if they use influencers and "false and deceptive marketing" to attract young people. Council Speaker Julie Menin sent letters to companies including Kalshi, Polymarket, Coinbase, and Gemini Titan regarding their aggressive marketing practices. The investigation will assess whether additional measures, such as legislation, public education, or enforcement, are needed. Council member Shekar Krishnan, chair of the oversight committee, criticized such apps for uncontrolled growth, alleging they lure youth and minors with misleading tactics. This probe adds to the ongoing regulatory conflict over prediction markets, where some state gambling regulators view sports-related contracts as illegal betting, while the federal Commodity Futures Trading Commission (CFTC) considers them swaps under its jurisdiction. In response to inquiries, a Coinbase representative stated the company provides access to federally regulated markets overseen by the CFTC and complies with all laws, while a Polymarket spokesperson said they look forward to discussing the matter with the City Council.

cryptonews.ru08/12 20:45

New York City Council Announces Investigation into 'Aggressive Marketing Practices' in Prediction Markets

cryptonews.ru08/12 20:45

NYC council announces probe into ‘predatory marketing practices’ on prediction markets

The New York City Council has launched an investigation into companies operating prediction markets, including Kalshi, Polymarket, Coinbase, and Gemini. The probe will examine allegations of "false and deceptive" and "predatory" marketing practices, particularly through social media influencers, aimed at young adults and minors. The council aims to determine if new legislation, enforcement, or education measures are needed. This action adds to the regulatory tension surrounding prediction markets, as state gaming authorities often view them as illegal sports betting while the federal Commodity Futures Trading Commission (CFTC) considers them regulated swaps. The companies responded by stating compliance with laws and a willingness to engage with the council.

cointelegraph08/12 20:36

NYC council announces probe into ‘predatory marketing practices’ on prediction markets

cointelegraph08/12 20:36

South Korea Eliminates Threshold for Travel Rule in Crypto Transfers

South Korea will remove the 1 million won (approx. $700) threshold for applying the Travel Rule to transfers between registered Virtual Asset Service Providers (VASPs). This change, approved by the cabinet, mandates that all such transfers, regardless of amount, must comply with the rule, requiring platforms to collect and verify sender and recipient information. The move aims to prevent users from bypassing regulations by splitting transactions into smaller amounts. Additionally, new anti-money laundering (AML) requirements are being introduced for transfers involving overseas crypto exchanges and private wallets. Local VASPs must assess counterparty risks and may only permit certain transactions, such as those to low-risk foreign exchanges or self-transfers. Transfers deemed high-risk will be prohibited. Platforms must also establish monitoring systems for suspicious transactions over 10 million won involving foreign entities. The decree also tightens VASP registration standards, including requirements for financial stability, internal controls, staffing, and infrastructure, with enhanced checks on major shareholders. Registration requirements take effect on August 20, with existing VASPs given a one-year grace period for some provisions. The expanded Travel Rule and related AML measures will come into force six months after the decree's publication.

cryptonews.ru08/11 11:22

South Korea Eliminates Threshold for Travel Rule in Crypto Transfers

cryptonews.ru08/11 11:22

South Korea drops Travel Rule threshold for crypto transfers

South Korea has eliminated the threshold for applying its crypto Travel Rule, now requiring compliance for all transfers between registered Virtual Asset Service Providers (VASPs), regardless of transaction value. This move, approved by the Cabinet, aims to prevent users from circumventing the rule by splitting large transfers into smaller amounts below the previous 1 million won (approx. $700) limit. All receiving platforms must now obtain and verify sender and recipient information, with the authority to request missing data or reject transactions. Additionally, the amendments introduce stricter Anti-Money Laundering (AML) rules for transfers involving overseas exchanges and personal wallets. Domestic VASPs must assess and manage risks based on the counterparty, prohibiting transactions deemed high-risk. For transfers of at least 10 million won involving foreign entities or personal wallets, platforms must establish their own suspicious transaction monitoring systems. The regulations also strengthen VASP registration requirements, including standards for financial health, internal controls, and infrastructure. While the expanded Travel Rule takes effect six months after the decree's promulgation, existing providers have an additional year to comply with some new operational requirements.

cointelegraph08/11 06:35

South Korea drops Travel Rule threshold for crypto transfers

cointelegraph08/11 06:35

Cryptolink ATMs in Australia to be Disabled by AUSTRAC Order

Cryptocurrency ATM operator Cryptolink has had its 96 terminals temporarily disabled across Australia. The Australian Transaction Reports and Analysis Centre (AUSTRAC) suspended the company's registration for three months due to repeated failures to comply with anti-money laundering and counter-terrorism financing (AML/CTF) rules. Despite a previous fine and an agreement to hire independent auditors, Cryptolink allegedly stopped reporting large transactions (over ~USD 7,000) and failed to respond to regulatory requests. The company's terminals, primarily located in Sydney, Melbourne, and Brisbane, allowed users to buy and (where enabled) sell cryptocurrency for cash, with transaction limits up to ~USD 3,530. This action is part of AUSTRAC's heightened scrutiny of the crypto sector, which it considers high-risk for financial crime. The regulator has signaled it will enforce strict compliance on all crypto service providers, including physical terminal operators.

cryptonews.ru08/10 11:16

Cryptolink ATMs in Australia to be Disabled by AUSTRAC Order