United States

Fed policymakers and senior staff will be limited to purchasing diversified investment vehicles, such as mutual funds.

The US will move to a sanctions policy that is more clearly linked to policy objectives and reduces harm caused to individuals and businesses.

A draw on an existing agreement that is legally enforceable, such as a committed credit facility, would not be viewed as a new contract.

The ProShares bitcoin ETF had almost $1bn in turnover on the first trading day, after receiving a green light from the SEC last week.

The CFTC has fined Tether $41mn and Bitfinex's parent $1.5mn. Meanwhile New York prosecutors have directed two crypto lending platforms to cease operations.

Transactions that raised over $1bn were used to "perpetrate a hidden debt scheme", pay kickbacks to investment bankers, and bribe government officials.

Indian finance minister Nirmala Sitharaman and US treasury secretary Janet Yellen also pledged to further engage on climate change.

OFAC expects virtual currency operators to identify and block IP addresses that originate in sanctioned jurisdictions, including via VPNs.

A POC has been completed that uses existing payment systems in the US and Europe to achieve synchronised settlements in cross-border payments.

The document provides a reference point for market participants to understand the ARRC’s current recommendations in relation to its fallback language.