United States

Crypto / Digital Assets

US SEC Fines Kraken, Forced Shutter of Crypto Staking Programme

By Editors | 10/02/2023

Commissioner Hester Peirce disagreed with the action, saying there isn’t sufficient guidance on the SEC’s regulatory approach to staking programmes.

Sanctions

OFAC Issues Exemptions to Facilitate Syria Earthquake Relief Efforts

By Manesh Samtani | 09/02/2023

US sanctions in Syria will not stand in the way of life-saving efforts for the Syrian people, said deputy treasury secretary Wally Adeyemo.

Fintech / Regtech

US Treasury Calls for Caution When Adopting Cloud Tech

By Editors | 09/02/2023

Treasury’s report highlights concerns over market concentration in cloud service offerings, among other challenges that could detract from their benefits.

Fintech / Regtech

As Regulation Evolves, Regtech Will Continue to Boom  

By Leo Labeis | 09/02/2023

The success of the Digital Regulatory Reporting (DRR) programme highlights the opportunity that regtech presents and the increasingly important role technology will play in compliance, says Leo Labeis.

Crypto / Digital Assets

US SEC Close to Settling Probe Against Crypto Firm Kraken

By Editors | 09/02/2023

Commissioner Hester Peirce says the SEC “has not done a good job” in providing regulatory clarity on crypto.

Market Infrastructure

ION Brings Traders Back Online Following Ransomware Attack

By Editors | 09/02/2023

Exchanges are reporting business as usual, though ION is said to be rebuilding its systems. Cybersecurity firm Crowdstrike will validate.

Securities / Derivatives

NYSE to Reimburse 60pc of Claims from January Trading Halts

By Editors | 08/02/2023

NYSE clients have been told that losses will be covered for orders posted or routed to NYSE. Loss-making trades triggered on other venues will not be covered.

Enforcement

US SEC Expands Staff Messaging Probe to Hedge Funds

By Editors | 07/02/2023

The SEC has asked firms including Point72 Asset Management and Citadel to search employees’ personal devices for evidence of business dealings via unapproved channels.

Crypto / Digital Assets

Thailand Grants Crypto Fund Managers Greater FX Flexibility

By Editors | 07/02/2023

The amendment will give digital asset fund managers greater flexibility to purchase digital assets overseas and make payments for related expenses.