Manya Saini / Reuters:
The US SEC will set up the “Office of Crypto Assets” to deal with corporate disclosure filings related to the crypto industry — The U.S. securities regulator will set up two new offices to deal with filings related to crypto assets and the life sciences sector, the agency said on Friday.
Nikhilesh De / CoinDesk:
Filing: crypto exchange FTX US is under investigation by Texas’ securities regulator over allegations it offers unregistered yield-bearing securities products — Texas securities regulator’s director said he set up a yield-bearing account on FTX US, despite identifying his address as being located within the U.S.
Manish Singh / TechCrunch:
India’s Enforcement Directorate searched the offices of Paytm, Razorpay, and Cashfree on Friday as part of an investigation into fraudulent Chinese loan apps — India’s financial crime fighting agency searched the offices of fintech unicorns Paytm and Razorpay as well as Cashfree on Friday …
Lydia Beyoud / Bloomberg:
The Bahamas Securities Commission freezes the assets of FTX Digital Markets and “related parties” and appoints an attorney as a provisional liquidator — The Bahamas Securities Commission has frozen the assets of FTX Digital Markets “and related parties.”
Manish Singh / TechCrunch:
India’s market regulator tightens IPO disclosure norms after recent lackluster performance of tech startups; firms must disclose KPIs and past pricing details — India’s market regulator has tightened disclosure norms for firms looking to file for an initial public offering after lackluster performance …
Kali Hays / Insider:
Sources: Twitter is leaving at least 12 international offices due to closures or not paying rent, including in Hong Kong, Mexico, Ghana, Australia, and India — – Twitter is leaving at least a dozen international offices due to closures or not paying rent. — Hubs in Europe and even Twitter’s headquarters in Asia are shuttered.
AJ McDougall / The Daily Beast:
Sources: Twitter has disabled badge access and shut down its offices until November 21, after a large number of employees chose to resign on Thursday — The temporary closure of the company’s offices comes as the billionaire is reportedly “terrified employees are going to sabotage the company.”
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