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AML / KYC
Thailand Creates Working Group to Tackle Social Media Scams
By Editors | 16/10/2022
Facebook accounts will be tracked and websites will be blocked if they are found to be promoting fraudulent investment schemes or raising funds illegally.
Fintech / Regtech
Thai SEC Launches New E-Licensing Services Pilot
By Editors | 15/10/2022
The services will initially allow online submissions of applications for two types of licenses. Full e-licensing services will launch in Q1 2023.
Crypto / Digital Assets
Tether Eliminates Commercial Paper from Stablecoin Reserves
By Manesh Samtani | 15/10/2022
“Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market,” the company said.
Crypto / Digital Assets
Thai SEC Orders Bitkub to Fix Standards of Native Token
By Editors | 15/10/2022
The SEC says KUB Coin’s so-called “adminTransfer” function could be used by attackers to transfer digital assets from any wallet.
Market Infrastructure
CME Confirms 14 April 2023 for Conversion of Eurodollar F&O
By Editors | 14/10/2022
CME will amend its eurodollar futures and options fallback rules to set the conversion date to 14 April 2023.
Crypto / Digital Assets
FASB is Moving to Fair Value Accounting for Crypto Assets
By Manesh Samtani | 14/10/2022
The FASB has decided to move away from the current impairment model in favour of fair value accounting for crypto assets.
AML / KYC
US Treasury Facing 2nd Lawsuit Over Tornado Cash Sanctions
By Editors | 14/10/2022
Think tank Coin Center argues that the Tornado Cash sanctions harm US citizens and their ability to transact privately using the Ethereum network.
Enforcement
US SEC Probing Funds, Advisers on Staff Messaging Practices
By Editors | 13/10/2022
The SEC’s probe into the use of personal devices and messaging apps has reportedly expanded beyond broker-dealers to include investment funds and advisers.
Crypto / Digital Assets
BNY Mellon Launches Digital Asset Custody Platform
By Editors | 13/10/2022
BNY Mellon is the first systemically important US bank to launch a crypto custody platform, leveraging technology from Fireblocks and Chainalysis.
Securities / Derivatives
US SEC Approves Update to Electronic Recordkeeping Rule
By Editors | 13/10/2022
The amendments add an audit-trail alternative allowing electronic records to be preserved in a way that permits recreation if original records are altered, over-written, or erased.
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