United States

Crypto / Digital Assets

Fed Issues New Guidance to Banks Engaging in Crypto Activity

By Manesh Samtani | 17/08/2022

Banks seeking to engage in crypto-asset-related activities are directed to first notify their lead supervisory point of contact at the Federal Reserve.

AML / KYC

Moscow Reopens Bond Market to ‘Friendly’ Nations

By Manesh Samtani | 17/08/2022

Investors from “unfriendly” countries remain subject to capital controls banning them from selling or collecting payments on Russian securities.

Market Infrastructure

CFTC Removes Clearing Requirement for LIBOR Swaps

By Editors | 16/08/2022

Mandatory clearing requirements will instead apply to interest rate swaps referencing SARON, TONA, €STR, SOFR and SORA.

AML / KYC

Three Associated with Tornado Cash Allegedly Arrested

By Manesh Samtani | 16/08/2022

Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.

Crypto / Digital Assets

Thailand to Improve Protections for Crypto Investors

By Editors | 15/08/2022

The regulatory changes are in part a response to a liquidity crisis at Zipmex, one of Thailand’s leading digital asset exchanges.

Enforcement

Two JPM Traders Convicted on Spoofing Charges

By Editors | 15/08/2022

The two former traders were convicted of attempted price manipulation, spoofing, commodities fraud, and wire fraud following a three-week jury trial.

Securities / Derivatives

Five Chinese Heavyweights to Delist from US Exchanges

By Editors | 15/08/2022

The companies cited the small trading volume of their shares in New York, without mentioning any ongoing disputes between US and Chinese authorities.

Crypto / Digital Assets

Philippines: BSP to Suspend VASP Licensing for Three Years

By Editors | 15/08/2022

Starting from 1 September, new VASP licence applications will only be entertained if they come from existing BSP-supervised financial institutions.

ESG / Sustainability

Thai SEC to Develop Guidance on Human Rights Due Diligence

By Editors | 14/08/2022

The guideline is being developed with Chulalongkorn University to help listed entities adopt concrete human rights due diligence practices in line with the UNGPs.