US SEC Charges Unicoin and Top Executives in $100 Million Crypto Asset Fraud: Misleading Claims, Inflated Sales Figures, and Unregistered Offerings of Asset Backed Tokens

by Theresa Joy Lacatan | May 22, 2025 | Blog News, Crypto News

On 20 May 2025, the United States Securities and Exchange Commission (US SEC) filed a Complaint No. 1:25-cv-04245 demanding jury trial before the U.S. District Court for the Southern District of New York against Unicoin, Inc. (formerly TransparentBusiness, Inc.) and...

Hong Kong Government Enacts Stablecoins Ordinance: Launches Licensing Regime to Regulate Fiat-Referenced Issuers and Regulate Digital Asset Ecosystem

by Theresa Joy Lacatan | May 21, 2025 | Blog News, Crypto News

On 21 May 2025, the Government of the Hong Kong Special Administrative Region welcomed the passage of the Hong Kong Stablecoins Bill by the Hong Kong Legislative Council, marking the formal adoption of the Stablecoins Ordinance. This landmark legislative development...

US SEC and Ripple Labs Agree on Conditional Resolution of Longstanding Enforcement Dispute Parties Seek Indicative Ruling to Finalise Settlement over Unregistered XRP Sales

by Theresa Joy Lacatan | May 21, 2025 | Blog News, Crypto News

On 8 May 2025, the United States Securities and Exchange Commission (US SEC) filed a Settlement Agreement in the matter of Securities and Exchange Commission v. Ripple Labs, Inc., Bradley Garlinghouse, and Christian A. Larsen before the United States District Court...

FINMA AI Survey 2025: Half of Swiss Financial Institutions Adopt AI Amid Rising Outsourcing and Governance Risks

by Theresa Joy Lacatan | May 20, 2025 | AI News, Blog News

On 24 April 2025, the Swiss Financial Market Supervisory Authority (FINMA) published a Press release discussing the findings from its survey on the use of artificial intelligence (AI) across the Swiss financial sector. The survey, conducted between November 2024 and...

Hong Kong SFC Hosts High-Level Regulatory Dialogue with Lao Securities Commission and Lao Securities Exchange on Capital Market Strategy

by Theresa Joy Lacatan | May 20, 2025 | Blog News, Crypto News

On 20 May 2025, the Securities and Futures Commission of Hong Kong (HK SFC) hosted a senior-level delegation from the Lao People’s Democratic Republic in Hong Kong for a comprehensive exchange on capital market development and supervisory best practices and to foster...

Hong Kong SFC and Abu Dhabi’s ADGM FSRA Sign MoU to Strengthen Cross-Border Supervision of Investment Managers and Collective Investment Schemes

by Theresa Joy Lacatan | May 19, 2025 | Blog News, Crypto News

On 15 May 2025, the Securities and Futures Commission of Hong Kong (HK SFC) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) executed a Memorandum of Understanding (MoU) to formalise regulatory cooperation concerning the...