United States

AML / KYC

JPMorgan Agrees to Settle Epstein Lawsuit for $290m

By Editors | 13/06/2023

JPMorgan will not have to admit liability, but will have to issue a public statement saying it regrets its association with Epstein.

Capital / Liquidity

HSBC Forms New ‘Innovation Banking’ Division Out of SVB UK Acquisition

By Sanday Chongo Kabange | 13/06/2023

The new ‘HSBC Innovation Banking’ brand will roll out globally in the coming months, with innovation-focused teams in the UK, US, Israel and Hong Kong.

AML / KYC

Russian Nationals Charged With Hacking Mt Gox and Operating BTC-e

By Editors | 12/06/2023

The DOJ unsealed charges against two Russian nationals for the 2011 hack of the Mt Gox crypto exchange and for laundering the proceeds.

Crypto / Digital Assets

CFTC Triumphs in Landmark Case, Establishing Legal Liability for Ooki DAO

By Editors | 12/06/2023

The judgment also imposes a fine, permanent trading and registration bans, the shutdown of Ooki DAO’s website, and the removal of its online content.

Crypto / Digital Assets

US SEC’s Binance Suit Delays Korea Gopax Acquisition

By Sanday Chongo Kabange | 08/06/2023

The FSC has suspended planned management changes at crypto trading platform Gopax, which was acquired by Binance in February.

ESG / Sustainability

Climate Impact X Launches Spot Trading Platform for Carbon Credits

By Ranamita Chakraborty | 08/06/2023

**CIX told Regulation Asia that it is seeking alignment with IOSCO’s principles for commodity price benchmarks – a detailed set of guidelines relating to governance and control systems.
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Crypto / Digital Assets

Philippine SEC Delayed Roll-out of Crypto Rules Last Year Due to FTX

By Sanday Chongo Kabange | 07/06/2023

The SEC was ready to issue a new regulatory framework for crypto assets late last year, but decided to delay its release to incorporate lessons from the FTX collapse.

Sanctions

OFAC Sanctions Chinese and HK Firms in Iranian Procurement Network

By Editors | 07/06/2023

The sanctions came the same day Iran unveiled its first hypersonic ballistic missile, which cannot be detected and tracked by existing sensor systems.

Crypto / Digital Assets

Cboe Granted Approval to Clear Margined Crypto Futures

By Sanday Chongo Kabange | 07/06/2023

To date, Cboe has offered trading and clearing of Bitcoin and Ether futures only on a fully collateralised basis.