United States

    image

    Stablecoins

    Hong Kong Publishes Results from Stablecoin Consultation

    By Sanday Chongo Kabange | 18/07/2024

    Based on feedback, the FSTB and HKMA will prepare a bill to implement a regulatory regime for stablecoins and submit it to LegCo later this year.

    image

    Cloud & Infrastructure

    US Treasury Publishes Cloud Adoption Guidance for FIs

    By Editors | 18/07/2024

    The new set of documents are intended to arm FIs  of all sizes with effective practices for secure cloud adoption and operations.

    image

    PEPs & Sanctions

    US Jails Man for Shipping Microelectronics to Russia via Hong Kong

    By Editors | 17/07/2024

    Russian national Maxim Marchenko procured dual-use military grade microelectronics for Russian end users using Hong Kong-based shell companies.

    image

    Fraud, Scams & Cybercrime

    CFTC, FTX Reach Agreement on $12.7b Settlement

    By Editors | 17/07/2024

    The CFTC is only payable to the extent that funds are available after customer and creditor claims are settled.

    image

    Cryptocurrency

    US to List First Spot Ether ETFs Next Week – Reports

    By Editors | 17/07/2024

    Final approvals for up to eight spot ether ETFs are expected on Monday. Trading is expected to start the next day.

    image

    Cryptocurrency

    Thai SEC Proposes New Requirements for Crypto Exchanges

    By Editors | 16/07/2024

    Digital asset exchanges will be required to establish and disclose rules regarding token listing, delisting, trading, clearing, settlement, and market making.

    image

    AI Risk & Governance

    New York DFS Issues Rules Governing AI for Insurers

    By Nithya Subramanian | 15/07/2024

    The guidance ensures that implementation of AI in insurance does not perpetuate systemic biases that result in unfair discrimination, while providing market stability.

    image

    PEPs & Sanctions

    US Sanctions Iranian Chemical Weapons Research Company

    By Editors | 15/07/2024

    This is the first time the Biden administration has imposed sanctions against Iran’s chemical weapons programme.

    image

    Anti-Money Laundering

    Crypto Firm BitMEX Pleads Guilty to US Criminal Charge

    By Editors | 15/07/2024

    BitMEX said its founders were already sentenced for BSA charge in 2022 and that it has since fully remediated its deficiencies and will seek an expedited sentencing hearing.

    image

    PEPs & Sanctions

    FinCEN Issues New Alert on Financing of West Bank Violence

    By Editors | 12/07/2024

    The alert provides additional red flag indicators. New sanctions on three individuals and five entities also announced.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.