Tag: Regulation

Utah has escalated its confrontation with prediction market platform Kalshi by filing criminal charges against the company and its co-founders, marking a sharp intensification of the nationwide dispute over whether event contracts constitute regulated derivatives or illegal gambling. Attorney General Derek Brown charged KalshiEx LLC, CEO Tarek Mansour, and COO Luana Lopes Lara with one count of pattern of unlawful activity (a second-degree...

Turkish Justice Minister Akın Gürlek confirmed Richard James Schueler, known as Richard Heart, was detained in Istanbul’s Beşiktaş district on Oct. 14, 2026, along with his wife and three bodyguards. Searches at 15 addresses yielded $7.15 million in U.S. currency, 160,000 Turkish lira, six cold wallets, firearms, ammunition, luxury goods and electronic devices. The operation followed an Interpol Red Notice; the minister cited allegations of a...

FinCEN withdrew a December 2020 proposal that would have required banks and money services businesses to keep records on self-custodial wallet transfers above $3,000 and report those above $10,000. The agency also withdrew an October 2023 finding that would have designated international crypto mixing a primary money laundering concern under Section 311 of the USA PATRIOT Act. Neither proposal was finalized, so existing obligations are...