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United States
Fraud, Scams & Cybercrime
US Agencies Settle Charges Against Crypto Lender Celsius Network
By Manesh Samtani | 16/07/2023
Celsius Network and founder Alexander Mashinsky charged for failing to register crypto lending product, defrauding customers, manipulating price of CEL token.
Cryptocurrency
US Judge Skeptical of SEC Stance Against Coinbase
By Editors | 15/07/2023
In a pre-motion hearing, the judge suggested it was reasonable for Coinbase to think they were not breaking the law based on the SEC’s issuance of the S-1 form.
Capital Adequacy
US Banks Push Back Against Proposed Higher Capital Requirements
By Mark Johnston | 14/07/2023
Higher capital requirements being considered could make it more difficult to provide credit to the economy, banks say.
Cryptocurrency
US SEC Accepts Application from BlackRock to List Spot Bitcoin ETF
By Mark Johnston | 14/07/2023
The US SEC’s acceptance of BlackRock’s proposal marks the commencement of an official review of other Bitcoin ETF applications.
Anti-Money Laundering
SEC Settles Charges Against Merrill Lynch for Failing to File SARs
By Editors | 13/07/2023
Merrill Lynch did not file hundreds of mandatory SARs because it erroneously used a $25,000 threshold instead of the required $5,000 threshold.
Structural Regulation
UK to Reverse MiFID II Research Unbundling Rules
By Manesh Samtani | 12/07/2023
The move is aimed at enhancing the appeal of the UK’s financial services sector and foster a more vibrant and competitive research environment.
Fraud, Scams & Cybercrime
US Indicts Moroccan for Crypto and NFT Spoofing Scam
By Mark Johnston | 11/07/2023
A Moroccan man is accused of stealing cryptocurrency and NFTs by creating a fake OpenSea website.
CBDCs
BIS Study: 24 Central Banks to have CBDCs by 2030
By Jill Wong | 11/07/2023
A BIS study found 24 central banks would have their own digital currencies in circulation by 2030.
Capital Adequacy
US Fed Proposes Stricter Capital Rules for Major Banks
By Manesh Samtani | 11/07/2023
Michael Barr said the proposed changes would not be fully effective for “some years” because of the rulemaking process and the transition period provided.
Structural Regulation
PCAOB Commences New Round of Audit Inspections in Hong Kong
By Editors | 11/07/2023
The PCAOB is reviewing audit reports of about a dozen New York-listed Chinese companies – all clients of PwC, EY and Deloitte.
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