Enforcement

SEC, CFTC Fine 16 Firms Over Use of Personal Devices, Chat Messaging

29/09/2022

The 16 firms agreed to pay a combined $1.82bn for failing to preserve staff communications on personal mobile devices, messaging apps and emails.

Crypto / Digital Assets

BIS Announces Successful Completion of mBridge CBDC Pilot

29/09/2022

The month-long testing phase facilitated more than 160 transfers and FX exchanges worth USD 22 million on the mBridge Ledger.

Crypto / Digital Assets

FTX Wins Auction to Buy Assets of Bankrupt Voyager Digital

29/09/2022

FTX won a “highly competitive auction process” that lasted two weeks with the “highest and best bid for its assets”, valued at just over USD 1.4 billion.

Capital / Liquidity

PBOC Raises Costs for Firms to Bet Against the Yuan

29/09/2022

The PBOC is actively discouraging currency speculation and asking banks to reintroduce a yuan fixing tool that was abandoned two years ago.

AML / KYC

CFTC Penalises Crypto Firm, Pursues First Case Against DAO

29/09/2022

Crypto firm bZeroX transferred its software protocol to a DAO and then marketed this as a way to be “enforcement-proof”.

Capital / Liquidity

New Zealand Introduce Bill to Enhance Depositor Protections

28/09/2022

The legislation will introduce a deposit protection scheme, new supervisory powers for the RBNZ, and a new accountability framework for deposit takers’ directors.

Market Infrastructure

SEBI Developing New Settlement Process for Stock Market

28/09/2022

Under the new system, funds for secondary stock market transactions would be blocked until securities settlement is done.

Crypto / Digital Assets

DBS Rolls Out Crypto Services to 100,000 More Investors

28/09/2022

Accredited wealth clients are able to trade four cryptocurrencies on DDEx – Bitcoin, Bitcoin Cash, Ethereum, and XRP.

Crypto / Digital Assets

Korea FSS Finds More Suspicious Crypto-Linked FX Transactions

28/09/2022

FSS investigations have so far involved 82 corporates and 12 banks. The total value of abnormal FX transactions discovered is now $7.2bn.