by Theresa Joy Lacatan | Aug 12, 2024 | Blog News, Crypto News
On August 9, 2024, the Internal Revenue Service (IRS) released an early draft of the much-anticipated Form 1099-DA, a new tool designed to streamline and enhance the reporting of digital asset transactions. This form will become mandatory for brokers beginning in...
by Theresa Joy Lacatan | Aug 12, 2024 | Blog News, Crypto News
On 1 August 2024, the Monetary Authority of Singapore (MAS) introduced its Guidelines on Licensing and Conduct of Business for Fund Management Companies (FMCs), with significant changes taking effect from 1 August, 2024 itself. These revisions are designed to address...
by Theresa Joy Lacatan | Aug 12, 2024 | Blog News, Crypto News
On July 26, 2024, the Monetary Authority of Singapore (MAS) issued a circular i.e. AMLD 08/2024, aimed at financial institutions (FIs) operating in the wealth management sector. The circular provides detailed guidance on establishing the sources of wealth (SOW) of...
by Theresa Joy Lacatan | Aug 9, 2024 | Blog News, Crypto News
On August 8, 2024, the Commodity Futures Trading Commission (CFTC) advanced efforts to enhance data transparency within the financial sector by proposing new technical data reporting standards. Developed in collaboration with major financial regulatory agencies, this...
by Theresa Joy Lacatan | Aug 9, 2024 | Blog News, Crypto News
On August 08, 2024, the Commodity Futures Trading Commission (CFTC) announced a whistleblower award exceeding $1 million to an individual who provided crucial information and assistance that significantly contributed to a successful enforcement action in the digital...
by Theresa Joy Lacatan | Aug 9, 2024 | Blog News, Crypto News
On 08 August 2024, the Commodity Futures Trading Commission (CFTC) announced a landmark decision by the U.S. District Court for the Southern District of New York, which ordered FTX Trading Ltd. and Alameda Research LLC to pay a staggering $12.7 billion in monetary...