Crypto / Digital Assets

‘Genesis’ Darknet Market Sanctioned and Shuttered by Authorities

06/04/2023

Law enforcement arrested 119 people and conducted 208 property searches in connection with Genesis Market, a criminal marketplace believed to be located in Russia.

Crypto / Digital Assets

UPDATED – Binance Faces Added Regulatory Pressures Amid CFTC Charges

05/04/2023

Dubai’s VARA is asking Binance for more information. ASIC is meanwhile reviewing Binance’s Australia derivatives business and has cancelled its licence.

Capital / Liquidity

FDIC Retains BlackRock Unit to Sell SVB, Signature Bank Securities

05/04/2023

The FDIC retained BlackRock Financial Market Advisory to sell about $114bn in securities. Signature Bank loans still in receivership will be marketed “later this summer”.

Market Infrastructure

Industry Bodies Say EU BMR Presents ‘Cliff-edge Risks’

05/04/2023

Industry bodies say only benchmarks designated as systemically important should be in scope of BMR for mandatory compliance.

Fintech / Regtech

JPX Launches Paid Data Service for Retail Investors

05/04/2023

The paid version of the J-Quants API includes datasets that were “highly requested” by users of the beta service.

Crypto / Digital Assets

Four Crypto Platforms Directed to Stop Offering Services in Japan

05/04/2023

Bybit, MEXC Global, Bitforex, and Bitget were warned against offering services to Japanese residents without registration.

ESG / Sustainability

ISSB to Prioritise Climate in Phased Implementation of New Standards

05/04/2023

Only in the second year of using the ISSB Standards will companies need to provide full reporting on sustainability-related risks and opportunities beyond climate.

Australia Proposes Revised Tax Model for Superannuation

05/04/2023

The proposed model will increase the tax rate for earnings from superannuation balances that exceed A$3mn.

Crypto / Digital Assets

Delay of Voyager-Binance.US Deal Could Cost $100m

05/04/2023

The acquisition of Voyager by Binance.US is being appealed by the DOJ. Creditors say the deal must be consummated by 13 April or they stand to lose $100mn.