United States

ESG / Sustainability

FDIC Joins Federal Reserve in Withdrawing from NGFS

By Thisanka Siripala | 23/01/2025

The withdrawals are part of a broader trend of US organisations and financial institutions stepping back from climate-focused initiatives

ESG / Sustainability

Thailand to Establish New Carbon Credits Market This Year – Reports

By Mark Johnston | 23/01/2025

An official from SEC Thailand said the country needs a much more active carbon credit market, operated by the stock exchange

Enforcement

US SEC Imposes Penalties on Digital Currency Group and Former CEO

By Mark Johnston | 22/01/2025

DCG and its former CEO will pay a total $38.5mn for misleading investors about the financial health of Genesis Global Capital.

Enforcement

NYAG Secures $1b Settlement Against ‘Predatory Lender’

By Nithya Subramanian | 22/01/2025

Yellowstone Capital exploited small businesses with fraudulent loans carrying illegal interest rates as high as 820% annually.

Crypto / Digital Assets

US SEC Launches Task Force to Develop Crypto Regulatory Framework

By Nithya Subramanian | 22/01/2025

The task force will help the SEC draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously.

Crypto / Digital Assets

NYDFS Issues Alerts on Proliferation of Meme Coins

By Nithya Subramanian | 22/01/2025

The NYDFS said that meme coins are not subject to rigorous regulatory standards and that their creators are often involved in “pump-and-dump schemes”.

AML / KYC

US Recovers Additional $20m in 1MDB Corruption Probe

By Nithya Subramanian | 21/01/2025

The recovery involves funds that were embezzled from 1MDB and paid to companies owned by a US businessman

Crypto / Digital Assets

Thailand Considers Allowing Spot Bitcoin ETFs for Retail Investors

By Mark Johnston | 21/01/2025

Thailand’s SEC is also considering allowing firms with strong credit ratings to issue stablecoins backed by corporate bonds

Fintech / Regtech

China Releases Reports on US Cyberattacks on Two Major Entities

By Thisanka Siripala | 21/01/2025

The targeted entities included an advanced materials research institute, and a large technology firm in the smart energy and digital information industry.