United States

Custody & Infrastructure

DTCC to Build Infrastructure to Support Adoption of Digital Assets

By Mark Johnston | 20/10/2023

DTCC is acquiring digital asset technology provider Securrency; will offer new blockchain-based products and “unlock the power of institutional DeFi”.

Fraud, Scams & Cybercrime

NYAG Sues Crypto Firms Gemini, Genesis, DCG for Fraud

By Manesh Samtani | 20/10/2023

“Gemini hid the risks of investing with Genesis, and Genesis lied to the public about its losses,” said AG Letitia James. The lawsuit says 230,000 investors lost more than $1bn.

Anti-Money Laundering

FinCEN to Require FIs to Report Transactions Involving Crypto Mixers

By Editors | 19/10/2023

FIs would have to report information about transactions they know or suspect could involve crypto mixing, whether in the US or in another jurisdiction.

PEPs & Sanctions

US & Allies Reimpose Iran Sanctions Following UNSCR Expiry

By Manesh Samtani | 19/10/2023

A 2015 UN Security Council resolution targeting Iran’s ballistic missile, nuclear, and drone programmes has expired.

PEPs & Sanctions

OFAC Sanctions Hamas Operatives, Financial Facilitators

By Editors | 18/10/2023

OFAC is targeting Hamas members managing a “secret” investment portfolio, a Qatar-based financial facilitator, and a Gaza-based crypto exchange.

PEPs & Sanctions

US Tightens Export Controls on Advanced Computing Chips

By Editors | 18/10/2023

The Commerce Department said changes are needed to maintain the effectiveness of the export controls imposed in October 2022 and close loopholes.

Cryptocurrency

California Governor Approves Digital Financial Assets Law

By Editors | 18/10/2023

The law grants California’s DFPI the authority to develop a regulatory framework for crypto activities in the state.

Market Data & Technology

DSB Launches UPI Service, a Milestone for Derivatives Markets

By Manesh Samtani | 18/10/2023

The US, EU, UK, Australia and Singapore will all start requiring UPI reporting for OTC derivatives transactions in 2024.

Cryptocurrency

US SEC Publishes 2024 Examination Priorities Report

By Editors | 17/10/2023

Focus areas will include crypto-related securities, automated investment tools, artificial intelligence, trading algorithms, and investment adviser conduct.