Regulatory Updates
SEC Proposes Joint Data Standards to Enhance Financial Transparency
On 2 August 2024, the Securities and Exchange Commission (SEC) announced a proposal for joint data standards under the Financial Data Transparency...
Latvijas Banka Published Financial Stability Report 2024: Talks about Cryptocurrency Regulations
On 26 July 2024, Latvijas Banka published its Financial Stability Report, offering a comprehensive analysis of Latvia's financial system. The report...
MAS Highlights Sustainable Governance at Singapore Governance and Transparency Forum
On 1 August 2024, Mr. Lim Tuang Lee, Assistant Managing Director (Capital Markets Group) at the Monetary Authority of Singapore (MAS), addressed the...
Coinbase Faces Legal Scrutiny Over Alleged $25 Million Campaign Finance Violation Amid Federal Contract Bidding
On 30 July 2024, Coinbase came under scrutiny following allegations that it violated campaign finance laws by making a $25 million donation to the...
XRP Ledger Revolutionizes DeFi with Tokenized US Treasury Bills
On 30 July 2024, in a recent development, the XRP Ledger will now offer tokenized US Treasury bills (T-bills) to investors through a new partnership...
CFTC Issues Warning on Multi-Stage Crypto Fraud Schemes
On 30 July 2024, the Commodity Futures Trading Commission’s (CFTC) Office of Customer Education and Outreach (OCEO) issued a customer advisory...
Federal Court Orders El Paso Man and His Firm to Pay Over $31 Million for Forex and Cryptocurrency Fraud
On 26 July 2024, the Commodity Futures Trading Commission (CFTC) announced that Senior Judge David C. Guaderrama of the U.S. District Court for the...
Seoul Court Rules in Favour of Wemade CEO in $7 Million WEMIX Token Dispute
On 30 July 2024, the Seoul Central District Court made a landmark ruling in favor of Wemade CEO Park Kwan-ho, ordering the now-defunct virtual asset...
SEC Charges Nader Al-Naji with Fraud and Unregistered Offering of Crypto Asset Securities
On July 30, 2024, the Securities and Exchange Commission (SEC) charged Nader Al-Naji, the founder of the BitClout blockchain protocol now known as...
SFC Issues Public Warning Against Proxinex for Suspected Virtual Asset-Related Fraud
On 29 Jul 2024, the Securities and Futures Commission (SFC) issued a public warning regarding Proxinex, an entity suspected of engaging in virtual...
Moomoo Becomes First Digital Brokerage in Singapore to Obtain Major Payment Institution License
On July 28, 2024, Moomoo announced it has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), making...
Chee Hong Tat Appointed Deputy Chairman of MAS Board
On 29 July 2024, the Monetary Authority of Singapore (MAS) announced that Mr. Chee Hong Tat, the Minister for Transport and Second Minister for...