US CFTC Charges Fake Commodity Trading Platform with Fraud and Misappropriation in Scheme Targeting Asian Americans

by Theresa Joy Lacatan | Oct 2, 2024 | Blog News, Crypto News

On 27 September 2024, the United States’ Commodity Futures Trading Commission (US CFTC) filed a civil enforcement action in the U.S. District Court for the Western District of Washington against Aipu Limited, Fidefx Investments Limited, Qian Bai, Lan Bai, and Chao Li....

US CFTC’s Division of Clearing and Risk to Hold Roundtable on New and Emerging Clearing Issues

by Theresa Joy Lacatan | Oct 1, 2024 | Blog News, Crypto News

On 27 September 2024, the United States’ Commodity Futures Trading Commission (US CFTC)’s Division of Clearing and Risk announced a public roundtable discussion to explore new and emerging issues in the clearing industry which will convene on 16 October 2024....

US FinCEN & US Treasury Takes Coordinated Actions Against Illicit Russian Virtual Currency Exchanges and Cybercrime Facilitators

by Theresa Joy Lacatan | Sep 30, 2024 | Blog News, Crypto News

On 26 September 2024, the United States’ Financial Crimes Enforcement Network (FinCEN), a division of the U.S. Department of the Treasury, passed an order whereby PM2BTC, a convertible virtual currency (CVC) exchanger, was officially designated as a financial...

Singapore High Court Orders WazirX & Zettai Pte. Ltd. to Address Creditors’ Queries Amid Ongoing Moratorium Dispute

by Theresa Joy Lacatan | Sep 30, 2024 | Blog News, Crypto News

On 25 September 2024, in moratorium hearing before the High Court of Singapore, Zettai Pte. Ltd. was enquired with several questions. The proceedings, presided over by Judicial Commissioner Kristy Tan, took place via Zoom over two days, with numerous creditors raising...

UK FCA Proposes Consultation Paper to Safeguard Customer Funds in Payments and E-Money Firms

by Theresa Joy Lacatan | Sep 26, 2024 | Blog News, Crypto News

On 26 September 2024, the United Kingdom’s Financial Conduct Authority (FCA), published a consultation paper (CP24/20), to address the existing lacunas and to ensure greater consumer protection in the event of firm failure. The proposed changes in the UK FCA’s...

MAS Establishes International Advisory Panel to Strengthen Cyber and Technology Resilience

by Theresa Joy Lacatan | Sep 26, 2024 | Blog News, Crypto News

On 25 September 2024, the Monetary Authority of Singapore (MAS) announced the formation of Singapore’s new Cyber and Technology Resilience Experts (CTREX) Panel, replacing its previous Cyber Security Advisory Panel. The CTREX Panel will have a broader mandate,...