United States

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    Crypto / Digital Assets

    US Court Jails Former OpenSea Exec for NFT Insider Trading

    By Mark Johnston | 24/08/2023

    Nate Chastain will spend three months in prison, followed by three months of home confinement, and three years of supervised release.

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    Sanctions

    OFAC Expands Sanctions on Jet Fuel for Myanmar Military

    By Editors | 24/08/2023

    One of the sanctioned individuals helps Myanmar’s military regime procure jet fuel through Singapore-based holding companies.

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    AML / KYC

    US Sanctions Tornado Cash Co-founder, Arrests Another

    By Manesh Samtani | 24/08/2023

    Russian national Roman Semenov was added to OFAC’s sanctions list. Another co-founder, Roman Storm, was arrested on Wednesday.

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    Crypto / Digital Assets

    Thailand Threatens to Ban Facebook Over Fraudulent Crypto Ads

    By Mark Johnston | 24/08/2023

    Thailand has threatened to ban Facebook if it does not stop allowing fraudulent crypto ads on its platform.

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    Securities / Derivatives

    SEC Adopts New Rules for Private Fund Advisers

    By Editors | 24/08/2023

    The new rules will help promote greater competition and thereby efficiency, said SEC chair Gary Gensler.

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    Enforcement

    Two Former JPMorgan Traders Jailed on Spoofing Charges

    By Editors | 23/08/2023

    Gregg Smith was sentenced to two years in prison, while Michael Nowak was sentenced to one year and one day in prison.

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    Enforcement

    US Court Rules AI-Generated Work Cannot be Copyrighted

    By Manesh Samtani | 22/08/2023

    Human authorship is a bedrock requirement of copyright, a federal judge ruled in a case that dates back to 2019.

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    Sanctions

    OFAC Highlights US-Origin Goods in Latest Sanctions Settlement

    By Editors | 18/08/2023

    Employees at a UAE subsidiary of a US firm falsified documents in an attempt to disguise the transactions involving the re-export of US-origin goods to Iran.

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    Crypto / Digital Assets

    Coinbase Successfully Registers as Futures Commission Merchant

    By Editors | 17/08/2023

    This is the first time a crypto-native platform in the US has been granted approval to offer crypto futures alongside traditional spot crypto trading.

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    Crypto / Digital Assets

    FDIC Adds Crypto as Key Risk in Annual Review Report

    By Editors | 17/08/2023

    The FDIC says it has developed processes to engage in “robust supervisory discussions” with banks on crypto-asset risks.

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