United States

Stablecoins

BSP Allow PHP Stablecoin Project to Enter Sandbox

By Editors | 13/05/2024

Coins.ph will test a peso-backed stablecoin in payments, trading, hedging and DeFi applications.

Climate Risk

US Fed Releases Summary Results of Climate Scenario Analysis

By Manesh Samtani | 12/05/2024

The six US banks that participated reported “significant data and modelling challenges”. Better Markets says the results are “appalling”.

Tokenisation

SIFMA to Lead Shared Ledger Project for Multi-asset Transactions

By Manesh Samtani | 10/05/2024

The project participants and contributors include Citi, JP Morgan, Mastercard, Swift, Visa, Broadridge, DTCC, ISDA, and others.

PEPs & Sanctions

Malaysia Tells US Officials it Only Recognises UN Sanctions

By Editors | 10/05/2024

US officials have warned Malaysia about ship-to-ship transfers and Iranian money moving through its financial system.

PEPs & Sanctions

Report Calls on US Congress to Review DRPK Sanctions

By Editors | 10/05/2024

The report warns that the enhanced partnership between Russia and North Korea could undermine the effectiveness of US policy.

Market Abuse

US Trial Begins Over Collapse of Archegos Capital Management

By Manesh Samtani | 09/05/2024

Archegos Founder Bill Hwang is charged with racketeering conspiracy, securities fraud, wire fraud and market manipulation.

Cryptocurrency

FTX to Make Full Repayment to Non-Government Creditors

By Manesh Samtani | 09/05/2024

Under the reorganisation plan, up to 98% of non-government creditors will receive about 118% of their claims in cash.

PEPs & Sanctions

OFAC Removes Sberbank Switzerland from Sanctions List

By Editors | 09/05/2024

Sberbank sold its Swiss subsidiary in September 2022 and the bank was then renamed to TradeXBank Ltd.

Cryptocurrency

US SEC Notifies Robinhood of Pending Enforcement Action

By Editors | 08/05/2024

The action is related to the cryptocurrencies offered on Robinhood’s platform, some of which may be classified by the SEC as securities.