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Page 6 - கலிஃபோர்னியா துறை ஆஃப் நிதி ப்ரொடெக்ஶந் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Crypto Exchange Binance us Hires Former Financial Regulator – Exchanges Bitcoin News

Crypto Exchange Binance.us Hires Former Financial Regulator Binance.us has hired Manuel Alvarez, a former financial regulator from California, to work as its chief administrative officer. The San Francisco-based crypto exchange, which sources technology from Binance, is aiming to deal with “the big question” compliance. Binance.us Filling Roles in Compliance, Risk Management, and Legal Binance.us, powered by matching engine and wallet technologies licensed from the world’s leading coin trading platform, announced the appointment of Alvarez in a statement released this week. The exchange’s new chief administrative officer has previously served as the commissioner of the California Department of Financial Protection and Innovation, Bloomberg reported.

Chime s anti-fraud effort hits snag as some users say accounts frozen

The news: Chime’s effort to fight fraud has yielded collateral damage: Some users have reported that their accounts were abruptly frozen or closed, per ProPublica. The US neobank’s initiative geared toward stemming fraudulent receipt of federal stimulus checks and unemployment insurance comes even as it also capitalizes on the checks to woo new customers, including with a $1,200 “Stimulus Sweepstakes” prize. More on this: Chime has taken a three-pronged approach in its anti-fraud effort, ProPublica reported. Its fraud investigations have concluded in three different outcomes: In cases of what the neobank deems “conclusive” fraud, stemming from accounts opened with a government-issued check, it usually shutters the accounts and returns the money to the government.

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