Crypto / Digital Assets

US SEC Planning Legal Action Against NFT Platform OpenSea

29/08/2024

OpenSea CEO Devin Finzer said the SEC is threatening to sue because “they believe NFTs on our platform are securities”.

Market Infrastructure

EU, China Launch Formal Discussions on Cross-border Data

29/08/2024

The discussions seek to find ways for EU businesses to receive non-personal data from China without breaking the country’s data laws.

AML / KYC

NYDFS Fines Nordea Bank $35mn for AML Failures

29/08/2024

NYDFS said Nordea’s deficient AML programme exposed it to a “high risk of criminal abuse” which was “imported” to New York’s financial system.

Sanctions

US Sanctions Israeli NGO and Civilian Security Officer

29/08/2024

The NGO and security officer were sanctioned for providing support to sanctioned Israeli settlers in the West Bank.

Sanctions

Russia Set to Start Testing Crypto in International Payments

29/08/2024

The trials will commence in September. If successful, Russia may allow the Moscow Exchange to set up crypto platforms next year.

Crypto / Digital Assets

CME to Launch Weekly Bitcoin Futures on 30 September

29/08/2024

The new contracts will be cash-settled at 4pm New York time every Friday to help investors mitigate weekend price moves.

Enforcement

Austal and Australian Parent Settle US Fraud Charges for $24m

28/08/2024

Austal manipulated its financial results to avoid falling short of analyst expectations and mislead shareholders, the SEC and DOJ said.

AML / KYC

French Prosecutors File Charges Against Telegram CEO

28/08/2024

A French court ruled that there were grounds to formally investigate Pavel Durov, releasing him on bail and ordering him to remain in France.

Market Infrastructure

Australia Releases Terms for Banking Competition Review

28/08/2024

The review will examine how regulators can enable more proportionate regulation to improve the competitiveness of smaller banks.