United States

Crypto / Digital Assets

FDIC Orders Crypto Firms to Correct Misrepresentations

By Editors | 24/08/2022

Five crypto firms were ordered to correct false representations stating or suggesting that certain crypto-related products are FDIC-insured.

Capital / Liquidity

CFTC Extends No-action Relief for Foreign Nonbank Swap Dealers

By Editors | 24/08/2022

Nonbank swap dealers domiciled in Japan, Mexico, the UK and EU can rely on compliance with home country capital and financial reporting requirements until October 2024.

Sanctions

MOEX Stops Accepting USD as Collateral in FX, Securities Markets

By Editors | 24/08/2022

Russian authorities have been actively looking to reduce domestic reliance on the currencies of so-called ‘unfriendly’ nations.

Crypto / Digital Assets

Academic Study Finds Broader Front-Running Problem at Coinbase

By Mark Johnston | 23/08/2022

University of Technology Sydney researchers estimate that insider trading occurred on 10-25% of new crypto listings at Coinbase between Sept 2018 and May 2022.

Enforcement

US Court Allows Use of Crypto Firm’s Records to Identify Tax Cheats

By Editors | 23/08/2022

Crypto prime dealer SFOX will have to reveal the identities of customers who are US taxpayers and information on their crypto transactions.

Fintech / Regtech

DTCC Goes Live With New DLT-Based Settlement Platform

By Editors | 23/08/2022

The Project Ion platform is now parallel processing an average of over 100,000 bilateral equity transactions per day.

Securities / Derivatives

Thai SEC Consults on Rules for VC, PE Tax Exemptions

By Editors | 22/08/2022

VC and PE firms can obtain tax exemptions for investments in certain target industries until 2032.

Crypto / Digital Assets

US SEC Files Suit Against Crypto Entities Over ICO Sale

By Mark Johnston | 22/08/2022

Blockchain firm Dragonchain raised about $16.5mn without registering its token sales as securities offerings.

AML / KYC

US Concerned India is Routing Russian Oil to New York

By Editors | 22/08/2022

An Indian vessel picked up oil from a Russian tanker at sea, then brought it to an Indian port to be refined and shipped on to New York.