US Treasury sanctions Russian national for helping oligarchs | Comfy Mark on Binance Square

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US Treasury sanctions Russian national for helping oligarchs evade sanctions with #crypto, cash, and real estate
Ekaterina Zhdanova was tasked by one oligarch with moving over $100 million in crypto from Russia to the UAE.

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Bitcoin products accounted for the bulk of the $312 million inflow.

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The most attractive feature of an ETF is that most don't distribute capital gains at the end of the

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#etf Exchange-traded funds "have come a long way," the advisor says. Here's how to use it in your portfolio: Experts say that whether you're a novice or an experienced investor, exchange-traded funds and ETFs are portfolio options, depending on your goals and risk tolerance. ETFs, like mutual funds, are shells of individual assets such as stocks and bonds. However, many investors are encouraged to switch because many ETFs offer better tax efficiency and lower expense ratios than mutual funds. "ETFs have come a long way in the last 15 to 20 years," says Barry Glassman, a certified financial planner and founder and president of Glassman Wealth Services in McLean, Virginia. Investors sold more than $900 billion from mutual funds and invested about $600 billion in ETFs in 2022, according to Morningstar data. The net difference was the largest ever. As change continues, we spoke to CNBC's FA Council experts to find out how their clients are using ETFs in their portfolios. Tax saving effect is the “biggest attraction” When you invest in a brokerage account, capital gains and dividends are taxed annually. This is different from his pre-tax 401(k) account or individual retirement account, where taxes are deferred until you withdraw the money. "The most attractive feature of ETFs is that most do not distribute capital gains at the end of the year," Glassman said.

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#btctoday Mike Novogratz Sees Binance Settlement as Key to Crypto Stability. Investor and cryptocurrency advocate Mike Novogratz, the CEO of Galaxy, recently expressed optimism regarding the potential settlement between Binance, one of the world’s largest cryptocurrency exchanges, and U.S. regulators. Amidst reports that the U.S. Justice Department is considering imposing over $4 billion in penalties on Binance to resolve a multi-year investigation, Novogratz sees this as a bullish sign for the industry. His perspective underscores the potential for this settlement to mark a turning point in the cryptocurrency sector, particularly regarding regulatory clarity. Binance Faces Tough US Regulatory Scrutiny Binance, which reported revenue of $12 billion in 2022 and $20 billion in 2021, has been the subject of regulatory scrutiny since at least 2018. The focus of the investigation has primarily been on the exchange’s compliance with anti-money laundering regulations. In December 2020, the U.S. Justice Department heightened its inquiry, requesting internal records related to anti-money laundering efforts and communications involving Binance founder Changpeng Zhao. Despite the pressure, Binance has maintained a robust financial performance, even in a challenging market environment. In addition to the Justice Department’s investigation, the Securities and Exchange Commission (SEC) filed lawsuit in June against Binance and Zhao, accusing them of circumventing U.S. securities laws. Binance has consistently denied these allegations and remains committed to defending its platform. As noted by Novogratz, the potential settlement could allow Binance to move past these legal hurdles and continue its growth trajectory. Novogratz Highlights Crypto’s Need for Clarity The possible settlement between Binance and U.S. regulators is a pivotal moment for the exchange and the broader cryptocurrency industry. A resolution could provide much-needed regulatory clarity, precedenting how other crypto firms might navigate similar challenges.

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#BTC Mike Novogratz Sees Binance Settlement as Key to Crypto Stability. Investor and cryptocurrency advocate Mike Novogratz, the CEO of Galaxy, recently expressed optimism regarding the potential settlement between Binance, one of the world’s largest cryptocurrency exchanges, and U.S. regulators. Amidst reports that the U.S. Justice Department is considering imposing over $4 billion in penalties on Binance to resolve a multi-year investigation, Novogratz sees this as a bullish sign for the industry. His perspective underscores the potential for this settlement to mark a turning point in the cryptocurrency sector, particularly regarding regulatory clarity. Binance Faces Tough US Regulatory Scrutiny Binance, which reported revenue of $12 billion in 2022 and $20 billion in 2021, has been the subject of regulatory scrutiny since at least 2018. The focus of the investigation has primarily been on the exchange’s compliance with anti-money laundering regulations. In December 2020, the U.S. Justice Department heightened its inquiry, requesting internal records related to anti-money laundering efforts and communications involving Binance founder Changpeng Zhao. Despite the pressure, Binance has maintained a robust financial performance, even in a challenging market environment. In addition to the Justice Department’s investigation, the Securities and Exchange Commission (SEC) filed lawsuit in June against Binance and Zhao, accusing them of circumventing U.S. securities laws. Binance has consistently denied these allegations and remains committed to defending its platform. As noted by Novogratz, the potential settlement could allow Binance to move past these legal hurdles and continue its growth trajectory. Novogratz Highlights Crypto’s Need for Clarity The possible settlement between Binance and U.S. regulators is a pivotal moment for the exchange and the broader cryptocurrency industry. A resolution could provide much-needed regulatory clarity, precedenting how other crypto firms might navigate similar challenges.

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