United States

Cybersecurity

US SEC to Investigate False Tweet on Bitcoin ETF Approvals

By Mark Johnston | 09/01/2024

US SEC claims official X account was hacked, posting a false tweet about approving bitcoin ETFs, causing a brief surge and crash in bitcoin price.

Custody & Infrastructure

Thai SEC Proposes Changes to Digital Assets Licensing Process

By Editors | 09/01/2024

The SEC said the changes will enhance the efficiency of the licensing process and ensure greater clarity and appropriateness of the regulatory framework.

DeFi & Web3

CFTC Offers Policy Recommendations to Address DeFi Risks

By Manesh Samtani | 09/01/2024

The report calls on the government and industry to work together to better understand DeFi and “advance its responsible and compliant development”.

Cryptocurrency

HK Spot Crypto ETFs to Drive Collaboration with TradFI Firms

By Nithya Subramanian | 09/01/2024

With regulatory safeguards in place, the success of crypto ETFs hinges on institutional interest tied to market conditions, including crypto valuations.

Clearing & Post-Trade

Early Testing Will Be Key to Derivatives Reporting Compliance

By Manesh Samtani | 04/01/2024

DTCC’s Chris Childs and Priya Kundamal say there is no replacement for early testing to ensure data and reporting systems are fit for purpose.

KYC & CDD

FinCEN Launches Beneficial Ownership Information Registry

By Nithya Subramanian | 03/01/2024

Existing companies have one year to lodge their beneficial ownership information while new companies have 90 days from registration.

Fraud, Scams & Cybercrime

US Prosecutors Will Not Pursue Second Trial for FTX Founder

By Nithya Subramanian | 02/01/2024

The DOJ said a second trial to address additional charges against Sam Bankman-Fried would delay sentencing and provide no benefit to victims.

Climate Risk

NYDFS Finalises Guidance on Climate Risk Management

By Manesh Samtani | 27/12/2023

NYDFS has finalised the guidance but plans to first collect information from regulated organisations before establishing any concrete implementation timelines.

PEPs & Sanctions

China Sanctions Data Provider Kharon and Two Employees in Response to US Sanctions

By Editors | 26/12/2023

China’s Ministry of Foreign Affairs announced sanctions against US-based Kharon and two researchers under the Anti-Foreign Sanctions Law in response to US human rights sanctions.