United States

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    Enforcement

    US SEC Asks Court to Force Terraform Labs and Founder to Pay $5.3b

    By Mark Johnston | 25/04/2024

    The SEC argues that Terraform Labs and Do Kwon have not shown remorse for their conduct and are likely to commit additional violations.

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    Sanctions

    Russian Court Orders Seizure of JPMorgan Assets

    By Editors | 25/04/2024

    State-owned VTB Bank filed the lawsuit in an attempt to recover USD 439.5 million in funds that were frozen by JPMorgan due to sanctions.

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    Capital / Liquidity

    Japanese Banks Resilient Despite Interest Rate, Real Estate Risks

    By Mark Johnston | 25/04/2024

    BOJ said Japanese banks can withstand various financial stresses, but vulnerabilities warrant close monitoring.

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    Fintech / Regtech

    CFTC AI Rules Should Focus on Use Cases, Not Technology: FIA

    By Manesh Samtani | 25/04/2024

    FIA and other industry bodies say the focus should be on “the application of the technology within the context of a particular use case, not the technology as a whole”.

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    Sanctions

    Pakistan, Iran Agree to ‘Expeditiously’ Finalise Trade Agreement

    By Editors | 25/04/2024

    Pakistan and Iran aim to increase bilateral trade, cooperate on energy, and complete a gas pipeline project. The US has warned Pakistan of the risk of sanctions.

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    Enforcement

    US Hedge Fund Sues Over Credit Suisse AT1 Bond Losses

    By Mark Johnston | 25/04/2024

    The lawsuit accuses Credit Suisse’s CEO and former Chairman of misrepresenting the bank’s liquidity position while it was facing a deposit run.

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    Enforcement

    US DOJ Proposes 36-Month Prison Sentence for Binance Founder

    By Mark Johnston | 25/04/2024

    The DOJ said the sentence must be significant to effectively punish Changpeng Zhao and to deter others who are tempted to break US laws.

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    Sanctions

    Venezuela’s PDVSA to Hasten Move to USDT to Mitigate Sanctions

    By Editors | 24/04/2024

    USDT issuer Tether said in response that it respects the SDN list and will block payments made to sanctioned entities.

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    Sanctions

    OFAC Unveils New Sanctions Against Iranian Cyber Actors

    By Editors | 24/04/2024

    Two entities and four individuals were sanctioned for the roles in targeting US entities with ransomware, spear phishing and malware attacks.

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    Sanctions

    JPMorgan Sues Russia’s VTB Over Blocked Funds – Report

    By Editors | 23/04/2024

    JPMorgan said VTB Bank has filed a lawsuit in Russia that may enable it to seize the US bank’s assets abroad.

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