United Kingdom Financial Conduct Authority Engages Industry to Shape New Crypto Regulation Framework

by Theresa Joy Lacatan | Dec 6, 2024 | Blog News, Crypto News

On 26 November 2024, the United Kingdom Financial Conduct Authority announced progress in developing a regulatory framework for cryptoassets. This follows insights gathered earlier in the year during a series of roundtable discussions involving over 100 organisations,...

ASIC Issues New and Updated Guidance Following DBFO Act Reforms

by Theresa Joy Lacatan | Dec 6, 2024 | Blog News, Crypto News

On 21 November 2024, the Australian Securities and Investments Commission released updated regulatory guidance in response to reforms introduced under the Treasury Laws Amendments (Delivering Better Financial Outcomes and Other Measures) Act 2024 (DBFO Act). This...

MAS and ABS Announce Launch of Electronic Deferred Payment Solutions in Mid-2025 and Revised Deadline for Corporate Cheque Processing

by Theresa Joy Lacatan | Dec 6, 2024 | Blog News, Crypto News

On 5 December 2024, the Monetary Authority of Singapore and the Association of Banks in Singapore have jointly announced updates to Singapore’s payment landscape. The Monetary Authority of Singapore has released a consultation paper detailing these initiatives and...

US CFTC Reports US $17.1 Billion in Enforcement Action for FY 2024

by Theresa Joy Lacatan | Dec 6, 2024 | Blog News, Crypto News

On 4 December 2024, the US Commodity Futures Trading Commission (US CFTC) announced the Enforcement action for fiscal year 2024, securing a US $17.1 billion in monetary relief. This includes US $2.6 billion in civil monetary penalties and US $14.5 billion in...

MAS and NUS Extend Landmark Term Professorship Programme for Five More Years

by Theresa Joy Lacatan | Dec 6, 2024 | Blog News, Crypto News

On 4 December 2024, the Monetary Authority of Singapore announced the renewal of its partnership with the National University of Singapore, extending the Monetary Authority of Singapore Term Professorship in Economics and Finance for another five years. This...

UK FCA Published Consultation on Transparency in Enforcement Investigations

by Theresa Joy Lacatan | Dec 5, 2024 | Blog News, Crypto News

On 28 November 2024, the United Kingdom’s Financial Conduct Authority (UK FCA) issued a follow-up consultation paper to refine its approach to enforcement transparency, building on earlier proposals made in February 2024. The updated consultation outlines amendments...