United States

Enforcement

US Authorities Fine Microsoft for Export Control, Sanctions Breaches

By Manesh Samtani | 09/04/2023

Microsoft’s Russia-based employees ordered software licenses in the names of parties not on the Entity List, to be used by designated persons.

ESG / Sustainability

DWS Targets Climate With Largest Ever US ETF Launch

By Editors | 09/04/2023

The passive fund began trading on the NYSE with $2bn of assets, backed by Finnish pension insurance company Ilmarinen.

AML / KYC

Binance.US Struggling to Secure Banking Services – Report

By Mark Johnston | 08/04/2023

Binance.US previously relied on either Signature Bank or Silvergate Capital to handle its customers’ cash deposits.

Crypto / Digital Assets

US Treasury Publishes First Ever DeFi Risk Assessment

By Manesh Samtani | 07/04/2023

Treasury calls on the private sector to use the risk assessment to inform their risk mitigation strategies, and offers recommendations on government action.

Securities / Derivatives

US SEC Asked for Views on Whether Loans are Securities

By Mark Johnston | 07/04/2023

Court’s request for SEC’s view has sparked concerns of increased regulation pressure on loan market.

Crypto / Digital Assets

‘Genesis’ Darknet Market Sanctioned and Shuttered by Authorities

By Editors | 06/04/2023

Law enforcement arrested 119 people and conducted 208 property searches in connection with Genesis Market, a criminal marketplace believed to be located in Russia.

Crypto / Digital Assets

UPDATED – Binance Faces Added Regulatory Pressures Amid CFTC Charges

By Editors | 05/04/2023

Dubai’s VARA is asking Binance for more information. ASIC is meanwhile reviewing Binance’s Australia derivatives business and has cancelled its licence.

Capital / Liquidity

FDIC Retains BlackRock Unit to Sell SVB, Signature Bank Securities

By Editors | 05/04/2023

The FDIC retained BlackRock Financial Market Advisory to sell about $114bn in securities. Signature Bank loans still in receivership will be marketed “later this summer”.

Crypto / Digital Assets

Delay of Voyager-Binance.US Deal Could Cost $100m

By Editors | 05/04/2023

The acquisition of Voyager by Binance.US is being appealed by the DOJ. Creditors say the deal must be consummated by 13 April or they stand to lose $100mn.