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United States
Crypto / Digital Assets
Bankrupt BlockFi to Achieve Full Recovery for Customers
By Editors | 11/03/2024
BlockFi reached an agreement allowing it to recover $874.5mn from the estates of FTX and Alameda Research, subject to approval by a US bankruptcy judge.
Enforcement
Montenegro Approves Extradition of Do Kwon to South Korea
By Mark Johnston | 11/03/2024
Do Kwon now faces extradition to South Korea rather than the US after 23 March following a new court ruling.
Securities / Derivatives
CFTC Publishes First-Ever US Taxonomy for Digital Assets
By Editors | 11/03/2024
The digital asset taxonomy is one of three recommendations advanced by the CFTC’s Global Markets Advisory Committee.
Capital / Liquidity
Thai SEC Proposes Higher Capital Requirements for Crypto Firms
By Editors | 10/03/2024
Crypto exchanges would have to meet a minimum capital requirement of THB 100 million if they hold customer assets, up from THB 50 million currently.
Sanctions
Iran Court Allows Confiscation of US Oil in Response to Sanctions
By Editors | 10/03/2024
Proceeds from the confiscated oil will be used to compensate victims of a rare skin disease who have been unable to access certain medical items due to US sanctions.
Market Infrastructure
US Fed Updates OpRisk Rules for Major Clearing Organisations
By Editors | 10/03/2024
Designated clearing and settlement utilities are required to establish an incident management framework and advance their cyber resilience capabilities.
Enforcement
Thailand SEC Penalises 15 for Manipulating Stock Prices
By Mark Johnston | 08/03/2024
The individuals were collectively fined a total $1.82mn and prohibited from serving as directors or executives of any securities company for varying periods.
Securities / Derivatives
US SEC Enhances Disclosures on Order Execution Quality
By Editors | 08/03/2024
The amendments for the first time enable customers of larger broker-dealers to gain access to direct information about aggregate execution quality.
Sanctions
US Authorities Explain Sanctions Obligations of Non-US Persons
By Manesh Samtani | 07/03/2024
DOJ, OFAC, and Commerce Department explain their enforcement authority and provide examples of actions already taken against non-US-based parties.
Crypto / Digital Assets
US SEC Secures $275,000 Settlement from Crypto Firm ShapeShift
By Editors | 07/03/2024
SEC Commissioners Hester Peirce and Mark Uyeda issued a joint statement expressing disagreement with the enforcement action.
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