ChainCatcher news, according to Jinshi reports, the Trump team is considering listing Robinhood's Chief Legal and Compliance Officer Dan Gallagher as a candidate for the Chairman of the U.S. Securities and Exchange Commission.

ChainCatcher news, according to Finance Feeds, 1inch announced the appointment of Hedi Navazan as the new Chief Compliance Officer of 1inch Group. In this new role, Hedi will be responsible for managing a joint legal, security, and compliance team to address the rapidly changing regulatory environment.It is reported that Hedi has extensive experience in a cross-continental career in traditional finance and banking, having worked at global institutions such as HSBC, managing financial crime and regulatory teams across Europe. She also served as the Vice Chair of the Digital Assets Working Group of the Global Coalition to Fight Financial Crime established by the World Economic Forum.

ChainCatcher news, DEX aggregator 1inch has announced the appointment of Hedi Navazan as the new Chief Compliance Officer. Hedi will oversee a joint team of legal, security, and compliance to address the rapidly evolving regulatory environment.Hedi previously served as the vice-chair of the Digital Assets Working Group of the Global Coalition to Fight Financial Crime, which was established by the World Economic Forum.

ChainCatcher news, OpenAI has hired former Uber executive Scott Schools as its first Chief Compliance Officer to support the startup's efforts to adapt to emerging global regulations surrounding artificial intelligence. Schools' most recent position was Chief Ethics and Compliance Officer at Uber, and he previously served as Deputy Attorney General of the United States. This hiring comes as regulators on both sides of the Atlantic weigh policies regarding OpenAI and other companies' cutting-edge artificial intelligence models.

ChainCatcher news, according to market news, Polymarket will impose restrictions on U.S. users and conduct compliance checks on high-stakes bettors.

ChainCatcher news, Coinbase has submitted two new Freedom of Information Act (FOIA) requests to seek clarity on U.S. cryptocurrency regulation. The new requests are directed at the Federal Deposit Insurance Corporation (FDIC) and were submitted by History Associates Incorporated on behalf of the exchange.Coinbase's Chief Legal Officer Paul Grewal stated that one of the requests aims to clarify the alleged 15% deposit limit imposed on digital asset companies. The request claims that the 15% deposit limit is implemented on banks such as Signature Bank, Customers Bank, Cross River Bank, Western Alliance Bank, and Silvergate Bank.The requested documents include interactions between FDIC board members, staff, deposit institutions, and officials from the Federal Reserve and the Office of the Comptroller of the Currency (OCC) since June 1, 2022.

ChainCatcher news, asset management company VanEck announced that its Solana exchange-traded note (ETN) launched in Europe has now enabled staking functionality. The staking method adopted by VanEck is fully non-custodial, meaning that the custodian of the ETN assets always has complete control over the staked assets, with no lending risk involved.Investors in the Solana ETN do not need to take any action; if rewards are distributed, they will be credited to the ETN's token holdings. Regardless of whether the custodian purchased the ETN last year or just last week, the total staking rewards earned during the last period will be distributed equally (after deducting a 25% staking fee).

ChainCatcher news, according to CoinDesk, Arkham Intelligence data shows that Tesla has transferred its Bitcoin reserves for the first time in over two years, causing some Bitcoin traders to panic. CryptoQuant community analyst Maartunn speculates that Tesla's transfer of BTC may have several reasons:Compliance or internal audit: Tesla may transfer Bitcoin to fulfill accounting or legal obligations related to reporting or internal audits;Wallet management: Tesla may use multiple wallets for operational purposes, although this seems unlikely;Restructuring funds: Restructuring Bitcoin holdings as part of a strategy to prepare for future sales or loans.

ChainCatcher news, Bitcoin Ordinals browser Ord.io posted on social media X that there are rumors indicating that insiders at Coinbase have revealed that the exchange is conducting an internal security audit and regulatory compliance assessment of the Runes protocol. These claims have not yet been independently verified.

ChainCatcher news, Telegram is establishing a local office in Kazakhstan to improve compliance and communication with regulators.The Ministry of Digital Development, Innovation and Aerospace Industry of Kazakhstan announced on October 14 that Telegram has agreed to appoint a local representative and open an office in the Republic of Kazakhstan. According to Minister Zhaslan Madiyev, Telegram's entity in Kazakhstan will be "an important step in strengthening control over the content of the messaging platform."

ChainCatcher news, according to Bitcoin.com, the South African Revenue Service (SARS) has announced the inclusion of crypto assets in its compliance program. The revenue service is seeking information about crypto users from the Financial Sector Conduct Authority (FSCA) and crypto asset service providers.SARS recently stated that it felt it necessary to take this step after noticing that taxpayers were not declaring crypto assets and transactions on their tax returns. According to the statement, South African law requires SARS to account for all income and assets, including cryptocurrencies.In its latest comments on the issue, SARS stated that it is working to simplify compliance for taxpayers and traders. Meanwhile, tax officials emphasized the consequences of intentional tax evasion. To achieve this goal, SARS stated that it has strengthened its audit team and adopted the latest technology.

ChainCatcher news, Sonic Labs Chief Technology Officer Andre Cronje stated: "L2 as an application chain does not make sense for developers:Almost no infrastructure support at deployment (such as stablecoins, oracle, and institutional custody);No foundation or lab to provide assistance;Centralized architecture is vulnerable;Fragmented liquidity and forced through cross-chain bridges;Lack of user and developer community;Spending time dealing with the above issues instead of applications and users;Eliminating network effects;Still requires long transaction confirmation times (some providers are unwilling to cooperate);Developed in isolation (without collaborative teams).Application chains also severely underestimate the costs of infrastructure and compliance (browsers, hosting, trading platforms, oracles, bridging, toolkits, IDEs, on/off ramps, native issuance and integration, regulation, compliance). In 2024 alone, $14 million has already been spent, a significant portion of which is recurring costs."

ChainCatcher news, the Chief Legal Officer of Variant Fund posted on X yesterday, stating that as U.S. regulators continue to crack down on the cryptocurrency space, many cryptocurrency founders are considering geofencing as a compliance strategy.In short, geofencing means blocking access to a product for people in specific "geographical locations" by creating a virtual "fence" around the product. If a company cannot comply with regulations, such as providing disclosures and KYC, it can serve as a backup compliance strategy.However, Chervinsky added, "Regarding the issue of regulatory uncertainty, this is a rather extreme solution—completely abandoning the U.S. market—but sometimes there is no choice." He noted that geofencing "is an extreme and costly measure to ensure compliance with U.S. laws."

ChainCatcher news, according to DL News, Canadian securities regulators have extended the compliance deadline for cryptocurrency trading platforms to the end of 2024. Previously, there were concerns about the risks associated with stablecoins pegged to fiat currency, and the Canadian Securities Administrators (CSA) have prioritized investor protection. The new deadline was initially set for October, giving exchanges more time to meet regulatory requirements or propose safer alternatives. If these platforms fail to comply by the end of the year, they may face penalties, including being prohibited from offering certain products to Canadian users.In recent years, platforms like Binance, KuCoin, and Poloniex have been forced to exit Canada. Despite the challenges, exchanges such as Kraken, Coinbase, and Bitget continue to operate under these stricter regulations.

ChainCatcher news, according to DLNews, Canadian securities regulators have extended the compliance deadline for cryptocurrency trading platforms, pushing it to the end of 2024. The new deadline was initially set for October to give exchanges more time to meet regulatory requirements or propose safer alternatives.

ChainCatcher news, according to The Block, USDC issuer Circle has launched an on-chain compliance platform "Compliance Engine," aimed at helping businesses develop blockchain applications while meeting strict compliance requirements.The platform will include transaction screening tools that can be used to "detect high-risk and suspicious transfers" as well as monitoring tools that "help identify potential high-risk behaviors." Compliance Engine will feature a one-stop "dashboard" where users can integrate APIs, analyze data, tag transactions in real-time, conduct long-term investigations, blacklist suspicious wallets, and report transactions to authorities. The platform will support connections to multiple blockchains, including Avalanche, Ethereum, Polygon, and Solana, through Circle's programmable wallet tools.

ChainCatcher news, according to Coindesk, two sources revealed that the cryptocurrency exchange Kraken has hired Natasha Powell as the UK compliance officer, and Powell will take office in November.A Kraken spokesperson stated in an email comment: "We have been exploring new opportunities to leverage industry talent to enhance our services." Powell comes from the crypto payment company BCB Group, where she served as the Chief Compliance Officer. According to her LinkedIn profile, her career began at the UK's Financial Conduct Authority (FCA), which is responsible for regulating the financial services industry, and she later worked at the Royal Bank of Scotland and Barclays Capital.

ChainCatcher news, the compliance officer of the South Korean cryptocurrency exchange Bithumb resigned on the eve of a routine inspection by the Financial Supervisory Service and was replaced on September 20.It is reported that the former compliance officer and vice president resigned for personal reasons at the beginning of September. Bithumb appointed a new compliance officer on the 20th. Bithumb is currently preparing for the renewal of its Virtual Asset Service Provider (VASP) qualification in November.Industry insiders have stated that the replacement of the compliance officer is suspicious, especially before the Financial Supervisory Service conducts a regular inspection of Bithumb (expected to take place this week), but Bithumb strongly denies this suspicion and states that Vice President Choi left the company for personal reasons and announced his intention to resign before the relevant information was disclosed.