United States

PEPs & 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.

Structural Regulation

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.

Cryptocurrency

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.

Stablecoins

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.

Anti-Money Laundering

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.

PEPs & 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.

Structural Regulation

PSE to Complete Acquisition of Bond Market Operator by 2025

By Mark Johnston | 26/02/2024

The Philippine Stock Exchange has since 2017 been seeking to acquire the Philippine Dealing System Group, which operates the local bond market.

Clearing & Post-Trade

CFTC Grants TAIFEX Exemption to Clear Swaps for US Participants

By Manesh Samtani | 26/02/2024

TAIFEX has relied on temporary no-action relief since September 2022. ‘Exempt DCO’ status gives it a lasting right to clear OTC derivatives for US participants.

PEPs & Sanctions

New Sanctions Packages Announced to Mark Ukraine War Anniversary

By Editors | 25/02/2024

The US, EU, Canada, Japan and Australia announced new Russia-related sanctions, including Chinese, Indian, South Korean and Thai companies among their targets.