ADVERTISEMENT
United States
Crypto / Digital Assets
US SEC Charges Consensys for Operating as Unregistered Broker
By Manesh Samtani | 03/07/2024
The SEC said Consensys Software Inc sold unregistered securities and performed brokerage functions by offering staking services in its popular wallet tool.
Capital / Liquidity
US Regulators Announce $63m Settlement With Silvergate
By Manesh Samtani | 03/07/2024
Silvergate, once a popular bank for crypto firms, agreed to penalties for AML noncompliance and misleading statements to investors.
Enforcement
SEC Lawsuit Against Binance May Proceed, Court Rules
By Manesh Samtani | 03/07/2024
Binance already settled DOJ, Treasury and CFTC charges for $4.3bn, but the SEC’s case was not included in the settlement.
Sanctions
Chinese Banks Reducing CNY Trades on Moscow Exchange
By Editors | 03/07/2024
Yuan flows into Russia for oil sales to China are reportedly shifting from the exchange market to the OTC market.
Crypto / Digital Assets
Trade Bodies to Develop Disclosure Guidelines for Digital Assets
By Editors | 02/07/2024
Four trade associations have organised a Steering Committee to propose new disclosure guidelines for digital asset tokens offered in the US.
Capital / Liquidity
US Banks Pass Fed Stress Test, Declare Higher Dividends
By Manesh Samtani | 02/07/2024
The “severely adverse” scenario showed that all 31 big banks tested could absorb nearly $685bn in losses and continue lending.
Enforcement
US SEC’s Use of In-house Judges Ruled Unconstitutional
By Editors | 02/07/2024
The ruling curbs the SEC’s internal adjudication powers and is expected to also impact more than two dozen US agencies.
AML / KYC
FinCEN Proposes Rule to Enhance FIs’ AML/CFT Programmes
By Editors | 02/07/2024
The rule will explicitly require AML/CFT programmes to be “effective, risk-based, and reasonably designed” based on a risk assessment.
AML / KYC
US Sanctions Two Chinese Nationals for Assisting Sinaloa Cartel
By Editors | 01/07/2024
The sanctions include two China-based targets who helped launder illicit drug proceeds belonging to Mexico’s Sinaloa Cartel.
Crypto / Digital Assets
US Treasury Finalises New Crypto-Tax Regulations
By Nithya Subramanian | 01/07/2024
While the new rule will go into effect for transactions starting in 2025, non-custodial brokers will be subject to a separate set of regulations.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.