Article

Originally published by Financial Times   Plus, Coinbase’s tough year continues and job losses in a growing metaverse industry This week, we got a reminder of what happens when the grand decentralised crypto worldview meets the US sanctions regime. Spoiler alert: the US sanctions regime wins. The US Treasury’s target this week was Tornado Cash, […]

By Scott Leader, Managing Director, Asia Pacific, Eventus Market manipulation is a crime but catching crooks takes more than finding fibs online. In a first, the Australian Securities and Investments Commission (ASIC) secured a ‘pump-and-dump’ conviction for postings on social media in June 2022. Gabriel Govinda, who went by the social handle, Fibonarchery, pled guilty

Originally published by Finextra By Mike Castiglione, Director of Regulatory Affairs, Digital Assets Last year crypto got too big to ignore. This year’s downturn, coupled with several company implosions, is spurring a stronger focus on regulation. New regulations were coming even without the fall in crypto prices. Policymakers globally have put significant time and attention

Originally published by FinTech Global   Since the onset of the Russia-Ukraine war, the attention on sanctions – trade sanctions in-particular – has reached fever pitch. With more knowledge and focus on sanctions than ever before, what does this mean for their future? One of the biggest changes in the view of sanctions for many

Originally published by FinTech Global   The crypto industry has been on a white-knuckle rollercoaster over the last few years. Establishing a market presence back in 2013, the price of Bitcoin rose from just over $10,000 in 2017 to over $61,000 in October 2021. However, the market is now experiencing a bust. Was a failure

By Mike Castiglione, Director of Regulatory Affairs, Digital Assets In late June 2022, EU Parliament members announced agreement on a comprehensive bill that would require crypto businesses to follow anti-market abuse rules that build on the already-established rules for other asset classes outlined in the EU’s Market Abuse Regulation (MAR). This new bill, called the

By: Chris Montagnino, Director of Regulatory Affairs A US broker-dealer (the “Firm”) recently paid a fine of $75,000 and agreed to an undertaking in order to resolve a matter involving violations of the SEC’s Market Access Rule, 15c3-5.  The Firm was noted to have had inadequate controls to address particular requirements of 15c3-5 concerning erroneous

Originally published by City A.M.   Demand for Nickel has boomed over the last decade as car companies scramble to secure supplies to make batteries for their new ranges of electric vehicles. At the start of this year, concerns about supply shortages following Russia’s invasion of Ukraine – where Russia delivers nine per cent of the world’s

Originally published by WatersTechnology   Anti-money laundering laws and sanctions have brought complexity to banks’ KYC/AML processes. Some vendors are responding by investing in their systems. Know-your-customer and anti-money laundering (KYC/AML) processes at banks are a source of reputational risk. Corrupt elites don’t make themselves easy to catch, obfuscating their identities and hiding their tracks