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United States
US to Ban Certain Data Transfers to China, Russia
By Editors | 29/02/2024
Executive Order authorises actions to prevent the personal data of US citizens from being transferred to so-called “countries of concern”.
Sanctions
Huawei Pay Stops Allowing UnionPay-linked Payments in Russia
By Editors | 29/02/2024
UnionPay cards linked to the Huawei Pay service are being refused in Russia due to US sanctions against the operator of the Mir payment system.
Market Infrastructure
Philippine SEC Consults on Cyber Resilience Guidance
By Sanday Chongo Kabange | 28/02/2024
The SEC and PSE are consulting proposed guidance for regulated entities on establishing and maintaining a cyber resilience framework.
Sanctions
US, UK Issue New Iran Sanctions Over Red Sea Attacks
By Editors | 28/02/2024
The US actions include sanctions on two Hong Kong companies that own vessels which ship Iranian commodities.
Sanctions
Russia Closer to Allow Digital Assets in International Settlements
By Editors | 28/02/2024
Approval of draft legislation by Russian lawmakers comes amid threats that the US would sanction third-country FIs that facilitate trade with Russia.
Securities / Derivatives
Philippine SEC Eases IPO Rules for Energy Firms
By Sanday Chongo Kabange | 28/02/2024
The SEC has simplified registration procedures for energy firms to offer and sell shares to the public.
Crypto / Digital Assets
Crypto Firm Kraken Files Motion to Dismiss SEC Lawsuit
By Mark Johnston | 27/02/2024
Kraken argues that the SEC has no authority over its operations as the cryptocurrencies it offers are not securities or investment contracts.
Big Picture
Fed Paper Explores How Stablecoins Differ in Crisis
By Ranamita Chakraborty | 27/02/2024
The paper discusses four stablecoins – USDC, USDT, BUSD, DAI – using the events of March 2023 when SVB collapsed as a case study.
Crypto / Digital Assets
DOJ Proposes Stricter Bond Conditions for Binance Founder
By Mark Johnston | 27/02/2024
Judge approves Binance’s settlement. Prosecutors propose stricter bond conditions for founder Changpeng Zhao until sentencing.
Sanctions
Sanctions Against Chinese Firms are “Unlawful” – MOFCOM
By Editors | 26/02/2024
China’s Ministry of Commerce said the sanctions will have a negative impact on economic and trade relations with the EU and UK.
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