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United States
Supervision & Enforcement
Barclays to Close 21 ETN Products Following Over-issuance Incident
By Mark Johnston | 22/04/2023
Barclays will close nearly half of its US-listed ETNs. The bank was penalised by the SEC last year for over-issuing $17.7bn in securities.
Trading & Investment
US SEC Issues Guidance on Providing Advice to Retail Investors
By Sanday Chongo Kabange | 21/04/2023
Finance professionals should apply “heightened scrutiny” when recommending or advising on complex and risky products, such as crypto asset securities.
Cryptocurrency
European Parliament Gives Final Approval on MiCA Law
By Manesh Samtani | 21/04/2023
MiCA is expected to come into force around July; provisions relating to stablecoins from July 2024; and provisions relating to CASPs and the travel rule from January 2025.
Fraud, Scams & Cybercrime
NBA Hall of Famer Shaquille O’Neal Served FTX Lawsuit
By Editors | 21/04/2023
Lawyers have been attempting to serve O’Neal since November 2022 but he reportedly evaded agents hired to serve the documents for months.
Stablecoins
US Lawmakers Propose Draft Stablecoin Legislation
By Editors | 21/04/2023
Applications from stablecoin issuers would be “deemed approved” if regulators do not reach a decision within 4.5 months from the application.
Cryptocurrency
Crypto Exchange Luno to Close Singapore Operations in June
By Sanday Chongo Kabange | 21/04/2023
Luno, which received in-principle approval from MAS last year, has decided to stop serving users in Singapore.
AI Risk & Governance
ChatGPT Can Interpret Fed Policy, Predict Stock Moves
By Mark Johnston | 19/04/2023
Researchers find ChatGPT can interpret Fed policy and corporate news and make investment recommendations based on them.
Cryptocurrency
SEC Chair Gensler Defends Regulatory, Anti-Crypto Agenda
By Manesh Samtani | 19/04/2023
Regulation by enforcement is not sufficient nor sustainable, House Financial Services Committee chair Patrick McHenry told SEC chair Gary Gensler.
CBDCs
Fed Official Outlines Policy Issues for CBDC Introduction
By Mark Johnston | 18/04/2023
Fed governor Michelle Bowman said a CBDC may not necessarily improve payment system efficiency or increase financial inclusion.
Cryptocurrency
NYDFS Issues Final Rule on Bitlicense Assessment Fees
By Editors | 18/04/2023
Crypto firms with a Bitlicense will be billed five times each fiscal year, in part based on their size and complexity.
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