United States

Crypto / Digital Assets

SEC Chair Gensler Defends Regulatory, Anti-Crypto Agenda

By Manesh Samtani | 19/04/2023

Regulation by enforcement is not sufficient nor sustainable, House Financial Services Committee chair Patrick McHenry told SEC chair Gary Gensler.

Crypto / Digital Assets

Fed Official Outlines Policy Issues for CBDC Introduction

By Mark Johnston | 18/04/2023

Fed governor Michelle Bowman said a CBDC may not necessarily improve payment system efficiency or increase financial inclusion.

Crypto / Digital Assets

NYDFS Issues Final Rule on Bitlicense Assessment Fees

By Editors | 18/04/2023

Crypto firms with a Bitlicense will be billed five times each fiscal year, in part based on their size and complexity.

Enforcement

Russian National Receives Light Sentence for Laundering Ransomware Proceeds

By Mark Johnston | 18/04/2023

Denis Dubnikov laundered money for the Ryuk ransomware gang, but pleaded guilty and cooperated with investigators.

Crypto / Digital Assets

US SEC Charges Crypto Firm Bittrex for Not Registering

By Editors | 18/04/2023

The SEC identified six Bittrex-listed crypto tokens as securities and said the company should have registered as a broker, exchange, and clearing agency.

Crypto / Digital Assets

US SEC Reopens Consultation to Redefine ‘Exchange’

By Editors | 18/04/2023

The proposed rule would update the definition of “exchange” to include crypto trading systems, including DeFi systems. Two SEC Commissioners dissented.

Crypto / Digital Assets

CME to Offer Additional BTC, ETH Options Expiries

By Editors | 18/04/2023

CME will offer expiries every business day to provide market participants with “greater precision and versatility” in managing short-term price risk.

Market Infrastructure

BOE, CFTC Strengthen Supervisory Cooperation on CCPs

By Editors | 18/04/2023

The Bank of England will rely on the CFTC for supervision and oversight of US-based CCPs offering clearing services in the UK.

Market Infrastructure

DSB Launches UPI User Acceptance Test Environment

By Manesh Samtani | 17/04/2023

The UAT environment will help the industry prepare for incoming OTC derivatives reporting requirements. The full UPI Service will launch on 16 October 2023.