United States

Crypto / Digital Assets

New Report Details Misuse of Customer Funds by FTX

By Manesh Samtani | 28/06/2023

FTX was able to remove customers’ money from their primary deposit accounts by making misrepresentations to banks.

Crypto / Digital Assets

BSP Urged to Take Action Against Unregistered Crypto Exchanges

By Mark Johnston | 26/06/2023

Infrawatch PH says exhibiting leniency toward unregistered crypto exchanges risks the Philippines remaining on the FATF gray list.

Enforcement

US SEC Fines JPMorgan for Inadvertently Deleting Emails

By Editors | 25/06/2023

The emails were accidentally permanently deleted during a project to delete certain historical communications from the 1970s and 1980s.

Securities / Derivatives

SET to Revamp Listing Rules and Enhance Supervision of Issuers

By Mark Johnston | 25/06/2023

The SET and MAI requirements will be more closely aligned, and the rules on delistings and backdoor listings will be tightened.

Crypto / Digital Assets

Switzerland Freezes $26m in Crypto Linked to Terra Collapse

By Editors | 25/06/2023

The assets, held at digital asset bank Sygnum, were frozen in response to a request from US and Korean authorities.

Market Infrastructure

CFTC to Propose Rule on Operational and Cyber Resilience

By Editors | 23/06/2023

CFTC commissioner sees a need for the industry to shift “from incident response to cyber resilience”. New rule will be proposed in the next few months.

AML / KYC

US, EU Push for UAE Removal from FATF Gray List

By Editors | 23/06/2023

Some officials have reportedly been pushing for UAE to be removed from the FATF’s grey list. The country could be removed in as soon as a few months.

ESG / Sustainability

CFTC Calls on Public to Report Carbon Market Misconduct

By Ranamita Chakraborty | 23/06/2023

The CFTC says whistleblowers can receive awards for reporting fraud, manipulation, “ghost” carbon credits, and double counting in carbon markets.

Market Infrastructure

Philippines Sets Temporary Replacement Rate for LIBOR

By Editors | 23/06/2023

The temporary O/N reference rate to replace LIBOR will be based on the 28-day BSP bill rate. A permanent benchmark and “credible” yield curve will be developed by January 2024.