Enforcement

CFTC Penalises Three DeFi Operators for Offering Services Illegally

11/09/2023

Commissioner Summer Mersinger dissented with the orders saying the CFTC should instead be engaging with the public on these matters.

AML / KYC

FinCEN Issues Alert on “Pig Butchering” Scams

11/09/2023

FinCEN provides red flags to help in the identification of pig butchering activity so that FIs can report this activity and enable law enforcement to track down the perpetrators.

Crypto / Digital Assets

Hong Kong SFC Approves City’s First Real Estate STO

11/09/2023

Tykhe Capital Group will launch “Prince Token”, available only to professional investors. Subject to regulatory approval, the token will list on HKbitEX.

Fintech / Regtech

MAS to Exempt Some Market Operators from ACH/RCH Rules

10/09/2023

The exemption applies to platforms that provide services to facilitate trading and settlement, but don’t actually act as a central counterparty of clear or settle trades centrally.

Crypto / Digital Assets

Fourth Former FTX Executive Pleads Guilty to US Charges

10/09/2023

The former co-chief of FTX Bahamas pleaded guilty to making unlawful political donations and operating an illegal money-transmitting business.

Market Infrastructure

Trade Bodies Call on Policymakers to Scrap EU Clearing Proposal

10/09/2023

A proposed requirement for market participants to hold active accounts at EU CCPs will be detrimental to EU capital markets, the trade bodies say.

AML / KYC

Taiwan Digital Ministry Announces New Anti-Fraud Measures

09/09/2023

The plan targets the e-commerce, third-party payments, and electronic game industries. Lawmakers say the plan does not meet expectations.

AML / KYC

Former CBIRC Official Expelled from CCP for Corruption

08/09/2023

Zhang Yansen interfered in personnel arrangements of financial institutions, accepted bribes and used his influence inappropriately.

Securities / Derivatives

CSRC Proposes Rule Revisions for Corporate Bond Issuance

08/09/2023

Land and environmental impact assessments must be provided if the funds raised from bonds are invested in fixed asset investment projects.