The Federal Reserve is mulling what a digital currency backed by a central bank would look like. This should come as no surprise given the onset of blockchains and distributed ledger technology, and then cryptocurrencies and digital assets in many forms. They all have had an underlying driver – a disintermediation push to bring on… Read More >>
tZero’s ATS Fumbled Disclosures: SEC
The SEC and the blockchain-based, broker-dealer tZero ATS have reached a settlement in a case where the regulator alleged that the firm while trading National Market System and digitally enhanced securities failed to make timely disclosures via Form ATS before key order book data was shared with third parties. tZero ATS, which is based in… Read More >>
Crypto Crime Hits $14B in 2021: Report
Crypto investors beware. The good news: Crypto-crime is “becoming a smaller and smaller part of the cryptocurrency ecosystem.” That’s according to a blog post “preview” of the 2022 “Crypto Crime Report” from Chainalysis, a cloud-based, blockchain data and analysis platform provider founded in 2014 and headquartered in New York City. The not-so-good news: Crypto crime… Read More >>
SWIFT Enlists SETL for Digital Asset Ops Pilot
The SWIFT financial messaging and services cooperative is exploring how it might facilitate interoperability among the distributed ledgers used to underpin the tokenized asset market, and London-based blockchain upstart vendor SETL has joined the effort. “SWIFT plans a series of experiments in Q1 2022 leveraging its trusted role as a central platform to explore the… Read More >>
ISITC’s Back Even Stronger in 2022: Q&A
(Kristin Hochstein is the new chair of ISITC for the 2022-23 term, and she foresees the industry standards trade group in the new year as not simply what it was before the pandemic but “even stronger and with a new lens.” Hochstein takes over from Lisa Iagatta, who finished her three-year term as chair at… Read More >>
Get Ready for the FTF Awards 2022
Get your nominations ready for the highly competitive FTF News Technology Innovation Awards 2022 — now in its 12th year — presented by Financial Technologies Forum and the FTF News service. Since 2011, FTF has celebrated and recognized the professionals, financial technology vendors, service providers, industry bodies, regulators, and other industry participants that have made… Read More >>
Should the SEC & CFTC Create a Crypto Bureau?
Two of the major overseers of financial markets — the SEC and the CFTC — appear to be in a bureaucratic tug-of-war when it comes to the regulatory oversight of emerging digital assets, and former CFTC Chairman J. Christopher Giancarlo is proposing that the agencies work together to co-create a crypto bureau. In addition, an… Read More >>
FinCEN Wants Better AML Regs for the U.S.
FinCEN Wants to Improve AML/CFT Regs The Financial Crimes Enforcement Network, the bureau of the United States Department of the Treasury better known as FinCEN, has issued a request for information that asks for comments on “ways to streamline, modernize, and update the anti-money laundering and countering the financing of terrorism (AML/CFT) regime of the… Read More >>
ISITC Promotes Vice Chair to Top Post
Industry standards trade group ISITC has named Kristin Hochstein, the current vice chair, to be its new chair for the 2022-23 term, and she will take over for Lisa Iagatta, who will finish her three-year term as chair by the end of this month. The group, which develops standards and best practices for financial services… Read More >>
ICE & RIMES Weave ETF Data Into Key Products
Integration Opens Access to Equity & Fixed Income Data Exchanges and technology company Intercontinental Exchange (ICE), owner of NYSE, reports that it has integrated exchange-traded funds (ETF) data managed by RIMES into key offerings such as ICE ETF Hub, ICE Portfolio Analytics, and ICE FI Select offerings, officials say. The enhancement will enable clients to… Read More >>
