Regulatory Updates
SFC Warns Public Against Fraudulent “ICE Global Professional Station” Platform Impersonating Intercontinental Exchange
On 21 August 2024, the Securities and Futures Commission (SFC) issued warning to the public regarding a fraudulent digital platform known as "ICE...
Tether Announces Launch of Dirham-Pegged Stablecoin
On 20 August 2024, Tether, the world’s largest issuer of stablecoins, announced the launch of a new stablecoin pegged to the UAE Dirham (AED). This...
SEC Updates Definition of Qualifying Venture Capital Funds with Inflation Adjustment
On 21 August, 2024, the Securities and Exchange Commission (SEC) adopted a rule change affecting the venture capital industry by adjusting the...
SEC Approves Updated PCAOB Audit Standards: Addresses Auditor Responsibilities, Contributory Liability Rule and Technology Use
On 20 August, 2024, the Securities and Exchange Commission (SEC) announced the approval of updates to the Public Company Accounting Oversight Board...
SEC Issues 2025 Fee Adjustment Order: Impact Looms for Traditional and Crypto Securities Alike
On 20 August, 2024, the U.S. Securities and Exchange Commission (SEC) issued a crucial order adjusting the registration fee rates for fiscal year...
CFTC Orders Houston-Based Firm and Managing Member to Pay Over $520,000 for Forex Fraud Violations
On 20 August, 2024, in a decisive move against financial fraud, the Commodity Futures Trading Commission (CFTC) announced that it has issued an...
MAS Reaffirms Commitment to Safeguarding Customer Data Amid Growing Concerns
On 19 August 2024, in response to public concerns regarding the protection of national data by financial institutions (FIs), the Monetary Authority...
MAS Issues Nine-Year Prohibition Order Against Former OCBC Bank Representative, Mr. Hoi Wei Kit
On 19 August 2024, in a decisive move to uphold the integrity of Singapore's financial advisory sector, the Monetary Authority of Singapore (MAS)...
MAS Issues 1-Year Prohibition Order Against Former HSBC Representative Mr. Aw Jun Ray Reko Corinthians
On 19 August 2024, the Monetary Authority of Singapore (MAS) today announced the issuance of a one-year prohibition order (PO) against Mr. Aw Jun...
Google Faces $5 Million Lawsuit Over Malicious Crypto Wallet App on Play Store
On 15 August, 2024, Google has come under legal fire as it faces a $5 million lawsuit filed by Maria Vaca, who alleges that a fraudulent crypto...
IMF Advocates for Higher Energy Taxes on Crypto Miners and Data Centers to Curb Carbon Emissions
On 15 August, 2024, the International Monetary Fund (IMF) published a blog proposing significant increases in energy taxes aimed at crypto miners...
Goldman Sachs Embraces Bitcoin ETFs Despite Previous Scepticism; Hedge Funds Bullish on Crypto Miners
On 15 August, 2024, Goldman Sachs made headlines by disclosing significant investments in Bitcoin exchange-traded funds (ETFs) in its quarterly 13F...