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United States
Cryptocurrency
Fed Chair Says Banks Can Provide Services for Crypto
By Thisanka Siripala | 30/01/2025
Jerome Powell said banks are free to provide services to cryptocurrency clients as long as it’s done in a safe and sound manner
Fraud, Scams & Cybercrime
Five Indicted in DPRK Remote IT Worker Fraud Case
By Editors | 30/01/2025
The indictment targets five individuals including two US nationals who operated “laptop farms” at their residences
Cryptocurrency
Hong Kong SFC Grants Two New Crypto Licences
By Manesh Samtani | 30/01/2025
The licences were granted to YAX, a wholly-owned subsidiary of Tiger Brokers, and Panthertrade, a subsidiary of Futu Holdings.
Sustainable Finance
Thailand SEC Adds SRI Funds to ESG Product Platform
By Mark Johnston | 28/01/2025
The Platform, initially launched in January 2023, now include detailed information on sustainable and responsible investing (SRI) funds.
Climate Risk
Bloomberg Philanthropies to Fund UN Climate Body After US Withdrawal
By Thisanka Siripala | 28/01/2025
Bloomberg Philanthropies and other US climate funders will fund the UNFCCC to offset the financial shortfall caused by the US withdrawal
Anti-Money Laundering
US DOJ Imposes $300m Penalty on Crypto Firm KuCoin
By Nithya Subramanian | 28/01/2025
KuCoin also agreed to exit the US market for at least the next two years, and to ensure two co-founders are not involved in management or operations.
Clearing & Post-Trade
US Treasury Clearing Mandate Should be Postponed: ISDA
By Thisanka Siripala | 28/01/2025
ISDA says a number of issues remain unresolved and the number of in-scope entities around the world will likely run into the thousands.
Cybersecurity
NYDFS Fines PayPal $2m for Cybersecurity Failures
By Nithya Subramanian | 28/01/2025
NYDFS said teams tasked with implementing changes to existing data flows were not properly trained, resulting in customer data being accessible to cybercriminals.
Cryptocurrency
US to Form Presidential Working Group on Digital Assets
By Manesh Samtani | 26/01/2025
The SEC also officially rescinded Staff Accounting Bulletin No 121, which made it more costly for firms to keep custody of digital assets on behalf of others.
Anti-Money Laundering
US Congress Investigates Debanking of Tech and Crypto Firms
By Thisanka Siripala | 25/01/2025
House Oversight Committee has contacted executives in the crypto industry to gather their testimonies on bank account closures.
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