Dominion Markets Obtains UAE CMA Category 5 Licence, Adding a Dubai-Based Regulated Entity
Dominion Markets has obtained a UAE CMA Category 5 licence, adding a Dubai-based regulated entity to support its regional business structure.
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Coinbase Will Pay $50 Million To Settle A New York State Investigation And Will Invest $50 Million I
Abstract：The U.S. Coinbase Inc (COIN.O), a cryptocurrency exchange located in the United States, announced a $100 million settlement with New York's Department of Financial Services (DFS) on Wednesday.
WASHINGTON, Jan 4 (Reuters) - The U.S. Coinbase Inc (COIN.O), a cryptocurrency exchange located in the United States, announced a $100 million settlement with New York's Department of Financial Services (DFS) on Wednesday.
The settlement, which includes a $50 million penalty, concludes the regulator's inquiry into the firm's compliance with anti-money laundering standards.
According to the SEC, Coinbase considered its user onboarding requirements as a “simple check-the-box” and had not conducted appropriate background checks.
“Coinbase failed to establish and maintain a robust compliance program that could keep pace with its expansion. ”The Coinbase platform was exposed to possible illegal conduct as a result of that breakdown, stated New York DFS Superintendent Adrienne Harris.
According to Paul Grewal, Coinbase's chief legal officer, the exchange has rectified the issues.
Coinbase said in a blog post that the inquiry focused on the company's compliance procedures in 2018 and 2019, as well as the compliance backlogs as the exchange expanded in 2021.
“We took NYDFS's concerns seriously and have taken significant steps to remediate these previous deficiencies,” according to the blog post.
Coinbase, a publicly listed business and one of the major worldwide crypto exchanges, will spend an additional $50 million to increase compliance measures targeted at preventing prospective criminals from utilizing the exchange, according to the company. The agreement also compels Coinbase to collaborate with a third-party monitor.
The settlement was originally reported by the New York Times.
DFS and other agencies have been looking into Coinbase. It has previously revealed receiving investigation subpoenas and demands for documents and information from the US Securities and Exchange Commission.
Stay tuned for more news.
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INGOT Review 2026: An In-depth Investigation into Trading Complaints & Regulation Status
Did INGOT close your account and seize the accumulated funds in it? Did the broker prevent you from withdrawing your funds, including your deposited capital? Faced a capital loss due to frequent slippage in your trade order execution? You are not alone! Many traders have expressed their frustration over these alleged trading incidents. In this INGOT review article, we have examined these allegations and share our views on the broker’s regulatory oversight.
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OW Markets Review 2026: Withdrawal Complaints Spark Trust Concerns
The reputation of OW Markets, a Seychelles-based forex brokerage entity, seems to have taken a hit amid a growing number of user complaints recently. They complained about slow withdrawals, poor response from customer support officials, and profit deletions. Enraged by these alleged trading activities, traders have given their sharp reactions on broker review platforms. If you are one of the affected traders or are planning to trade with it, this OW Markets review is meant just for you! Here, we will not only review the user complaints but also share its regulatory details. A comprehensive guide will help you make an informed financial decision.
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RBI Burned $8 Billion in One Week — Is Your Rupee Safe?
The rupee bounced to 95.20 but RBI's forex reserves took a brutal $8.1 billion hit in a single week — here is what every Indian investor needs to understand right now.
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