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United States
Fintech / Regtech
US Banks Impose Restrictions on Use of ChatGPT
By Editors | 01/03/2023
JPMorgan, Citigroup, Goldman Sachs, Deutsche Bank, Wells Fargo and Bank of America are among those reported to have imposed restrictions.
Enforcement
Five Banks Settle Allegations They Aided Ponzi Scheme
By Mark Johnston | 28/02/2023
Toronto-Dominion Bank, HSBC Holdings, Independent Bank Group, Societe Generale and Trustmark Corp agreed to pay a combined USD 1.6 billion.
Enforcement
New York AG Files Suit Against Crypto Exchange CoinEx
By Editors | 28/02/2023
CoinEx falsely represented itself as being an exchange and did not register as a securities and commodities broker-dealer.
Enforcement
US SEC Penalises SPAC for Allowing Embezzlement by CFO
By Editors | 27/02/2023
A lack of internal controls and oversight allowed the SPAC’s CFO to misappropriate cash and falsify financial reports for over a year.
Crypto / Digital Assets
US Prosecutors Unveil More Charges Against FTX Founder
By Editors | 26/02/2023
The additional charges allege that Sam Bankman-Fried conspired to commit bank fraud and to make more than 300 illegal political donations.
Crypto / Digital Assets
Crypto-focused Custodia Bank Continues to Pursue Fed Master Account
By Editors | 26/02/2023
The Fed board refused to reconsider its decision to reject Custodia Bank’s application to become a member of the Federal Reserve System.
Crypto / Digital Assets
US Indicts Russian Actors Over Crypto Pyramid and Ponzi Scheme
By Editors | 24/02/2023
The charges include one count of conspiracy to commit wire fraud for each of the four defendants, who were among the 11 charged by the SEC last year.
Capital / Liquidity
US Regulators Warn of Liquidity Risks Tied to Crypto Assets
By Editors | 24/02/2023
US federal banking regulators highlight key liquidity risks and some effective practices to monitor and appropriately manage those risks. US […]
Market Infrastructure
DSB Announces Launch Dates for UPI Service
By Editors | 24/02/2023
The UPI UAT environment and a client onboarding and support platform will be available from 17 April, and the UPI production environment from 16 October.
Crypto / Digital Assets
Regulatory Scrutiny Causing Seismic Shifts in Stablecoin Market
By Sam Chen | 24/02/2023
Since the NYDFS ordered Paxos to stop minting BUSD, the world’s third-largest stablecoin, its market cap has shrunk by over $4bn.
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