United States

Structural Regulation

Crypto-focused Custodia Bank Continues to Pursue Fed Master Account

By Editors | 26/02/2023

The Fed board refused to reconsider its decision to reject Custodia Bank’s application to become a member of the Federal Reserve System.

Fraud, Scams & Cybercrime

US Indicts Russian Actors Over Crypto Pyramid and Ponzi Scheme

By Editors | 24/02/2023

The charges include one count of conspiracy to commit wire fraud for each of the four defendants, who were among the 11 charged by the SEC last year.

Liquidity Risk

US Regulators Warn of Liquidity Risks Tied to Crypto Assets

By Editors | 24/02/2023

US federal banking regulators highlight key liquidity risks and some effective practices to monitor and appropriately manage those risks. US […]

Market Data & Technology

DSB Announces Launch Dates for UPI Service

By Editors | 24/02/2023

The UPI UAT environment and a client onboarding and support platform will be available from 17 April, and the UPI production environment from 16 October.

Stablecoins

Regulatory Scrutiny Causing Seismic Shifts in Stablecoin Market

By Sam Chen | 24/02/2023

Since the NYDFS ordered Paxos to stop minting BUSD, the world’s third-largest stablecoin, its market cap has shrunk by over $4bn.

Supervision & Enforcement

Wells Fargo, HSBC Drawn into SEC Whatsapp Probe

By Editors | 22/02/2023

Wells Fargo said regulators are investigating its compliance with records-retention requirements. HSBC said it is close to a settlement with regulators.

Market Data & Technology

14 European Exchanges Join Forces to Develop Consolidated Tape

By Editors | 22/02/2023

The participating exchange groups include Deutsche Boerse Group, Euronext, Nasdaq, and SIX Group, as well as the local exchanges in  several European cities.

Cryptocurrency

NYDFS Enhances Capabilities to Detect Crypt-related Crime

By Editors | 22/02/2023

The additional capabilities will help NYDFS detect insider trading, market manipulation, and front-running activity.

Market Data & Technology

Industry Bodies Open Common Domain Model on FINOS Platform

By Editors | 20/02/2023

The open-source CDM is now fully integrated into the FINOS project landscape, which will open up opportunities for open collaboration between market participants.