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United States
Crypto / Digital Assets
UPDATED: NYDFS, SEC Scrutinise Paxos Over BUSD Stablecoin
By Editors | 13/02/2023
Paxos is the issuer of a Binance-branded stablecoin that ranks as the third-largest, as well as its own stablecoin called Pax Dollar, the sixth largest.
Crypto / Digital Assets
South Korea Issues First Independent DPRK Sanctions
By Editors | 12/02/2023
The sanctions came hours after South Korea and the US released a joint cybersecurity advisory detailing the threat posed by North Korean ransomware actors.
Enforcement
US, UK Jointly Sanction Russian Ransomware Actors
By Editors | 12/02/2023
The first-of-its-kind joint action marks the first time suspected ransomware operators have been designated under the UK sanctions regime.
Crypto / Digital Assets
Russian National Pleads Guilty to Money Laundering Conspiracy
By Editors | 11/02/2023
The Russian national and unnamed co-conspirators allegedly laundered at least USD 70 million in ransom proceeds using cryptocurrency.
Crypto / Digital Assets
US SEC Fines Kraken, Forced Shutter of Crypto Staking Programme
By Editors | 10/02/2023
Commissioner Hester Peirce disagreed with the action, saying there isn’t sufficient guidance on the SEC’s regulatory approach to staking programmes.
Sanctions
OFAC Issues Exemptions to Facilitate Syria Earthquake Relief Efforts
By Manesh Samtani | 09/02/2023
US sanctions in Syria will not stand in the way of life-saving efforts for the Syrian people, said deputy treasury secretary Wally Adeyemo.
Fintech / Regtech
US Treasury Calls for Caution When Adopting Cloud Tech
By Editors | 09/02/2023
Treasury’s report highlights concerns over market concentration in cloud service offerings, among other challenges that could detract from their benefits.
Fintech / Regtech
As Regulation Evolves, Regtech Will Continue to Boom
By Leo Labeis | 09/02/2023
The success of the Digital Regulatory Reporting (DRR) programme highlights the opportunity that regtech presents and the increasingly important role technology will play in compliance, says Leo Labeis.
Crypto / Digital Assets
US SEC Close to Settling Probe Against Crypto Firm Kraken
By Editors | 09/02/2023
Commissioner Hester Peirce says the SEC “has not done a good job” in providing regulatory clarity on crypto.
Market Infrastructure
ION Brings Traders Back Online Following Ransomware Attack
By Editors | 09/02/2023
Exchanges are reporting business as usual, though ION is said to be rebuilding its systems. Cybersecurity firm Crowdstrike will validate.
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