United States

Crypto / Digital Assets

Hong Kong Firm Targets Spot Bitcoin ETF Launch in Q1

By Nithya Subramanian | 22/01/2024

Venture Smart Financial Holdings aims to accumulate USD 500 million in assets under management by the end of 2024.

Enforcement

US Regulators Fine ICBC New York Branch for Regulatory Violations

By Editors | 22/01/2024

ICBC disclosed confidential supervisory information without regulatory approval and had deficiencies in its BSA/AML compliance programme.

Sanctions

US Sanctions Prompt Turkish Banks to Reject Russian Payments

By Editors | 22/01/2024

Turkish banks are now refusing to accept payments from Russian banks for exports, due to the threat of US sanctions.

Securities / Derivatives

SET Unveils Three-Year Plan to Boost Thai Capital Market

By Mark Johnston | 21/01/2024

The plan includes support for ESG initiatives and the introduction of new products such as small size Thai shares and inverse ETFs.

Crypto / Digital Assets

Spot Bitcoin ETFs Not Suitable for Singapore Retail Investors: MAS

By Editors | 19/01/2024

Those who choose to trade spot Bitcoin ETFs in overseas markets must exercise extreme caution, MAS said.

Sanctions

OFAC Sanctions 18 Tankers for Russian Oil Price Cap Violations

By Editors | 19/01/2024

UAE based shipping company Hennesea and 18 of its vessels are subject to restrictions for transporting Russian crude at prices higher than the price cap.

Crypto / Digital Assets

US IRS Clarifies Crypto Tax Reporting Rules

By Mark Johnston | 19/01/2024

The IRS and Treasury clarify that crypto tax reporting rules will require issuing regulations before it goes into effect, which could take years.

Capital / Liquidity

US Regulator to Propose New Short-term Liquidity Rules for Banks

By Mark Johnston | 19/01/2024

OCC to introduce new short-term liquidity rules for larger and midsize banks and promote the use of the Fed’s discount window.

Crypto / Digital Assets

Thai SEC Updates Crypto Rules on Retail Access, Custody, Advertising

By Editors | 18/01/2024

The updates remove some restrictions on retail investors, support the creation of custodial wallet provider businesses, and reduce the documentary burden presented by advertising rules.