ASIC Announces Key Appointments to Executive Leadership Team as Part of Ongoing Transformation

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

On 17 October 2024, the Australian Securities and Investments Commission (ASIC) has continued its significant transformation efforts and announced appointments to its senior executive leadership team. These appointments are said to be the ASIC’s largest organisational...

US CFTC Roundtable on Clearing Issues: Focus on Digital Assets and Market Evolution

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

On 16 October 2024, the United States Commodity Futures Trading Commission’s Division of Clearing and Risk held a significant roundtable discussion to address existing, new, and emerging issues in the world of clearing, with a strong emphasis on digital assets. Held...

U.S. SEC Charges Registered Representative for Fraud and Violations of US Regulation Best Interest

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

On 16 October 2024, the United States Securities and Exchange Commission filed a complaint against Baris Cabalar, a registered representative at PHX Financial, Inc., for recommending a short-term, high-volume trading strategy to eight retail customers without a...

MAS Updates on Settlement Periods, Safeguarding Customer Funds, and Scam Compensation Frameworks

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

On 15 October 2024, Mr Gan Kim Yong, Deputy Prime Minister and Chairman of the Monetary Authority of Singapore (MAS), provided written replies in Parliament addressing questions on funds collected by payment service providers and e-commerce platforms, as well as...

US Court Orders Unsealing of US CFTC Case Against Traders Domain FX LTD, Making All Documents Public

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

On 11 October 2024, the United States District Court for the Southern District of Florida issued an Order related to Case No. 24-cv-23745-ALTMAN. This case involves the US Commodity Futures Trading Commission and Traders Domain FX LTD, among other defendants. The...

Hong Kong’s SFC Announces Appointment of Dr. Kelvin Wong Tin-yau as New Chairman

by Theresa Joy Lacatan | Oct 16, 2024 | Blog News, Crypto News

On 14 October 2024, the Hong Kong’s Securities and Futures Commission (HK SFC) announced the appointment of Dr. Kelvin Wong Tin-yau as its new Chairman for a three-year term, starting on 20 October 2024. Dr. Wong will succeed Mr. Tim Lui, who will step down on 19...