United States

Crypto / Digital Assets

US Judge Skeptical of SEC Stance Against Coinbase

By Editors | 15/07/2023

In a pre-motion hearing, the judge suggested it was reasonable for Coinbase to think they were not breaking the law based on the SEC’s issuance of the S-1 form.

Capital / Liquidity

US Banks Push Back Against Proposed Higher Capital Requirements

By Mark Johnston | 14/07/2023

Higher capital requirements being considered could make it more difficult to provide credit to the economy, banks say.

Crypto / Digital Assets

US SEC Accepts Application from BlackRock to List Spot Bitcoin ETF

By Mark Johnston | 14/07/2023

The US SEC’s acceptance of BlackRock’s proposal marks the commencement of an official review of other Bitcoin ETF applications.

AML / KYC

SEC Settles Charges Against Merrill Lynch for Failing to File SARs

By Editors | 13/07/2023

Merrill Lynch did not file hundreds of mandatory SARs because it erroneously used a $25,000 threshold instead of the required $5,000 threshold.

Market Infrastructure

UK to Reverse MiFID II Research Unbundling Rules

By Manesh Samtani | 12/07/2023

The move is aimed at enhancing the appeal of the UK’s financial services sector and foster a more vibrant and competitive research environment.

Crypto / Digital Assets

US Indicts Moroccan for Crypto and NFT Spoofing Scam

By Mark Johnston | 11/07/2023

A Moroccan man is accused of stealing cryptocurrency and NFTs by creating a fake OpenSea website.

Crypto / Digital Assets

BIS Study: 24 Central Banks to have CBDCs by 2030

By Jill Wong | 11/07/2023

A BIS study found 24 central banks would have their own digital currencies in circulation by 2030.

Capital / Liquidity

US Fed Proposes Stricter Capital Rules for Major Banks

By Manesh Samtani | 11/07/2023

Michael Barr said the proposed changes would not be fully effective for “some years” because of the rulemaking process and the transition period provided.

Securities / Derivatives

PCAOB Commences New Round of Audit Inspections in Hong Kong

By Editors | 11/07/2023

The PCAOB is reviewing audit reports of about a dozen New York-listed Chinese companies – all clients of PwC, EY and Deloitte.