Regulatory Updates
UK Court Sentences Olumide Osunkoya to Four Years for Illegal Crypto ATM Operations
On 28 February 2025, the United Kingdom’s Financial Conduct Authority (UK FCA) announced that Olumide Osunkoya, 46, had been sentenced to four years...
US SEC Dismisses Civil Enforcement Action Against Coinbase Amid Crypto Regulatory Shift
On 27 February 2025, the United States Securities and Exchange Commission (SEC) published Joint Stipulation to Dismiss, and Release to dismiss its...
UK FCA Confirms September 2027 Trial for £64 Million WealthTek Fraud and Money Laundering Case
On 25 February 2025, the United Kingdom Financial Conduct Authority (UK FCA) announced that the criminal trial of John Dance, the former principal...
ASIC Releases Discussion Paper on Australia’s Evolving Capital Markets: Regulatory Challenges and Investment Trends
On 26 February 2025, the Australian Securities and Investments Commission (ASIC) published a discussion paper titled Australia’s Evolving Capital Markets: A Discussion Paper on the Dynamics Between Public and Private Markets. The document examines trends in Australia’s capital markets, discussing the increasing shift from public to private market investments and the potential implications for investors, financial institutions, and regulatory frameworks. ASIC is seeking stakeholder feedback on whether current regulations adequately support both market structures and what reforms may be necessary to ensure market efficiency, transparency, and investor protection. ASIC has set a deadline of 28 April 2025 for responses, to gather actionable recommendations to inform future regulatory adjustments and enhance the efficiency and integrity of Australia’s capital markets.
Germany’s BaFin Announces New Regulatory Framework for Crypto-Asset Service Providers in view of MiCAR
On 21 February 2025, Germany’s Federal Financial Supervisory Authority (BaFin) announced new regulatory measures under the European Union’s Markets...
UK FCA and PSR Assess Impact and Competition Concerns in Digital Wallet Market in United Kingdom and Published Feedback Statement
On 19 February 2025, the United Kingdom Financial Conduct Authority (UK FCA) and the United Kingdom Payment Systems Regulator (UK PSR) published a...
US SEC Extends Compliance Dates and Grants Temporary Exemption for U.S. Treasury Securities Clearing Requirements
On 25 February 2025, the United States Securities and Exchange Commission (US SEC) announced the extension of compliance dates and issued a...
Hong Kong’s SFC Launches “A-S-P-I-Re” Roadmap to Shape the Future of Virtual Assets
On 19 February 2025, Hong Kong’s Securities and Futures Commission (HK SFC) introduced the "A-S-P-I-Re" roadmap, a virtual asset regulatory...
MAS-ESS Essay Competition 2025 Launched on the Topic: “Building Singapore’s Digital Asset Ecosystem: Opportunities and Challenges”
On 20 February 2025, The Monetary Authority of Singapore (MAS) and the Economic Society of Singapore (ESS) announced the launch of the MAS-ESS Essay...
US SEC Reviews Cboe BZX Proposal to Amend 21Shares Core Ethereum ETF for Staking Integration
On 19 February 2025, the United States Securities and Exchange Commission (US SEC) issued Release No. 34-102450, announcing the filing of a proposed...
US SEC to Review Cboe BZX’s Proposal to List Canary XRP Trust Shares for XRP-Based Trust Listing
On 19 February 2025, the United States Securities and Exchange Commission (US SEC) published Release No. 34-102449 regarding a proposed rule change...
Latvijas Banka Governor Proposes Re-Election of Two Council Members
On 19 February 2025, Mārtiņš Kazāks, Governor of Latvijas Banka, submitted a proposal to Daiga Mieriņa, Speaker of the Saeima, to re-elect Māris...