OKX Announces Withdrawal from Nigerian Market Amid Regulatory Crackdown

by Theresa Joy Lacatan | Jul 19, 2024 | Blog News, Crypto News

Cryptocurrency exchange OKX has informed its Nigerian clients that they have until 16 August 2024 to close their positions as the exchange ceases operations in the African country due to local regulatory challenges. The announcement came in an emailed statement dated...

SEC Approves More Ether ETFs, Paving the Way for Expanded Trading

by Theresa Joy Lacatan | Jul 19, 2024 | Blog News, Crypto News

The U.S. Securities and Exchange Commission (SEC) on 17 July 2024, approved multiplle Ether exchange-traded funds (ETFs), including Grayscale’s mini Ethereum ETF and ProShares’ Ethereum ETF. These funds are scheduled to begin trading next week, alongside other spot...

SFC Announces Definitive Timeline for Uncertificated Securities Market in Hong Kong

by Theresa Joy Lacatan | Jul 18, 2024 | Blog News, Crypto News

On 16 July 2024, the Securities and Futures Commission (SFC) released its consultation conclusions regarding the proposed subsidiary legislation, code, and guidelines for implementing an uncertificated securities market (USM) in Hong Kong. Following extensive market...

FTX and CFTC Agree to $12.7 Billion Settlement to Resolve Long-Standing Dispute

by Theresa Joy Lacatan | Jul 18, 2024 | Blog News, Crypto News

According to the document filed by FTX on 12 July 2024 in the U.S. Bankruptcy Court for the District of Delaware, the bankrupt cryptocurrency exchange FTX and the United States Commodity Futures Trading Commission (CFTC) have reached a $12.7 billion settlement,...

CFTC Issues No-Action Position on Swap Data Reporting for ForecastEx LLC

by Theresa Joy Lacatan | Jul 18, 2024 | Blog News, Crypto News

The Commodity Futures Trading Commission announced on 12 July 2024 that the Division of Market Oversight and the Division of Clearing and Risk have issued a no-action position regarding swap data reporting and recordkeeping regulations in response to a request from...

United States’ CFTC and DOJ Host Inaugural Fraud Disruption Conference to Combat “Pig Butchering” Scams

by Theresa Joy Lacatan | Jul 17, 2024 | Blog News, Crypto News

On 11 July 2024, the Commodity Futures Trading Commission (CFTC) and the Department of Justice’s Computer Crime and Intellectual Property Section’s National Cryptocurrency Enforcement Team (NCET) announced the commencement of the first Fraud Disruption Conference,...