ADVERTISEMENT
United States
Cryptocurrency
FTX EU Begins Allowing Customers to Withdraw Funds
By Editors | 05/04/2023
FTX EU set up a website through which balances can be verified and requests for withdrawals in fiat currency can be made.
PEPs & Sanctions
US State-Level Sanctions Imposed on Foreign Adversaries
By Mark Johnston | 04/04/2023
More than a dozen US states already restrict or prohibit foreign ownership of and investments in private agricultural land.
Supervision & Enforcement
US SEC Fines Merrill Lynch for FX Fee Disclosure Failures
By Editors | 04/04/2023
Merrill Lynch agreed to pay disgorgement, prejudgment interest, and a civil penalty totaling more than $9.5mn and to distribute funds to harmed clients.
Conduct, Culture & Accountability
US Lawmakers Propose ‘Failed Bank Executives Clawback Act’
By Editors | 04/04/2023
The proposed bill would require the FDIC to claw back “all or part” of the compensation paid to executives in the five years preceding a bank’s failure.
Structural Regulation
UK FCA Announces Decision on Synthetic USD LIBOR Rates
By Editors | 04/04/2023
1-, 3- and 6-month synthetic USD LIBOR rates will continue to be published for 15 months after the USD LIBOR bank panel ceases on 30 June.
Trading & Investment
CME Group Launches Offshore Yuan Options Contracts
By Editors | 04/04/2023
Traders no longer view the yuan as an emerging-market currency like it was ten years ago, said Chris Povey.
Cryptocurrency
Crypto Firm Bittrex Announces Decision to Exit US Market
By Editors | 03/04/2023
A lack of regulatory clarity makes it economically unviable for Bittrex to continue operating in the US. The global platform will continue operating.
Cryptocurrency
US Futures SRO Issues New Rule for Crypto Activities
By Editors | 03/04/2023
The compliance rule covers anti-fraud, just and equitable principles of trade, disclosure, and supervision requirements for spot bitcoin and ether trading.
Market Abuse
US SEC Charges Two Over SPAC Insider Trading Scheme
By Sanday Chongo Kabange | 02/04/2023
The duo used non-public information in advance of at least 7 merger announcements involving SPACs to earn illicit profits of more than $3.4mn.
PEPs & Sanctions
Fed, OFAC Penalise Wells Fargo for Sanctions Non-Compliance
By Editors | 02/04/2023
Wells Fargo’s predecessor, Wachovia, provided software that was used by a foreign bank to process USD 532 million in prohibited transactions.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.