RBI Releases Draft Framework for Self-Regulation in FinTech Sector

by Theresa Joy Lacatan | Jun 10, 2024 | Blog News, Crypto News

The Reserve Bank of India (RBI) on 30th May 2024 unveiled a Draft Framework for Self-Regulatory Organization(s) (SROs) in the FinTech sector, aiming to bolster risk management, client protection, cybersecurity, and the integrity of the financial system. Released for...

Peru Partners with India to Develop UPI-Inspired National Payment System

by Theresa Joy Lacatan | Jun 10, 2024 | Blog News, Crypto News

The Central Bank of the Republic of Peru (BCRP) is set to develop a payment system modeled after India’s Unified Payments Interface (UPI) through an collaboration agreement with National Payments Corporation of India International Payments (NIPL) dated 07th June,...

SEC Invites Regulated Entities to Submit Diversity Self-Assessments

by Theresa Joy Lacatan | Jun 7, 2024 | Blog News, Crypto News

The Securities and Exchange Commission (SEC) on June 5, 2024  initiated its biennial collection of Diversity Self-Assessment Submissions from regulated entities, including those in the crypto sector. This initiative provides organizations the opportunity to thoroughly...

MAS Expands Fair Dealing Guidelines to All Financial Institutions and Services

by Theresa Joy Lacatan | Jun 7, 2024 | Blog News, Crypto News

The Monetary Authority of Singapore (MAS) on 30 May 2024 issued an updated set of Guidelines on Fair Dealing, expanding its scope to include all financial institutions (FIs) and all products and services they offer. This significant update aims to enhance standards of...

SFC Ends Non-Contravention Period for Virtual Asset Trading Platforms in Hong Kong on June 1, 2024

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

Effective June 1, 2024, all virtual asset trading platforms (VATPs) in Hong Kong must be licensed by the Securities and Futures Commission (SFC) or be deemed-to-be-licensed applicants, marking the end of the non-contravention period under the Anti-Money Laundering and...

Dapper Labs Reaches $4 Million Settlement, Affirms NBA Top Shot NFTs Are Not Securities

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

Dapper Labs has agreed to a $4 million settlement to conclude a class-action lawsuit alleging that its NBA Top Shot Moments nonfungible tokens (NFTs) were unregistered securities. This settlement reaffirms that the NFTs are not securities, according to CEO Roham...