Regulatory Updates
SFC Announces Definitive Timeline for Uncertificated Securities Market in Hong Kong
On 16 July 2024, the Securities and Futures Commission (SFC) released its consultation conclusions regarding the proposed subsidiary legislation,...
FTX and CFTC Agree to $12.7 Billion Settlement to Resolve Long-Standing Dispute
According to the document filed by FTX on 12 July 2024 in the U.S. Bankruptcy Court for the District of Delaware, the bankrupt cryptocurrency...
CFTC Issues No-Action Position on Swap Data Reporting for ForecastEx LLC
The Commodity Futures Trading Commission announced on 12 July 2024 that the Division of Market Oversight and the Division of Clearing and Risk have...
United States’ CFTC and DOJ Host Inaugural Fraud Disruption Conference to Combat “Pig Butchering” Scams
On 11 July 2024, the Commodity Futures Trading Commission (CFTC) and the Department of Justice’s Computer Crime and Intellectual Property Section’s...
UK Authorities Set Precedent with Landmark Monero Seizure, Forcing Drug Dealer to Repay £23000
On 10 July, 2024, a British man convicted of selling a deadly substance falsely marketed as a ‘weight loss’ drug was ordered to repay £23,000 in...
Bitcoin Stabilizes Around $57,000 Amid German Government Transfers and ETF Inflows
On 11 July, 2024, Bitcoin (BTC) stabilized around the $57,000 mark, while the German Government continues to transfer Bitcoin to exchanges, and US...
SEC Enhances Website for Improved Compliance, Functionality, and User Experience
Securities and Exchange Commission (SEC) announced updates to its website to enhance compliance with federal statutes and standards, as well as to...
Binance in Final Talks to Sell Majority Stake in Gopax to South Korean Cloud Service Provider Megazone
On 11 July, 2024, reports emerged that Binance is in the final stages of negotiations to sell a majority stake in South Korean crypto exchange Gopax...
Bank of Russia Analyzes Global Trends and Regulatory Approaches to Stablecoins
On 10 July, 2024, the Bank of Russia published an analytical report examining the economic and legal nature of stablecoins, alongside international...
Bank of Italy to Release Comprehensive Guidelines for Implementing EU Crypto Regulations
On 9 July, 2024, Bank of Italy Governor Fabio Panetta announced that the central bank will soon release guidelines to facilitate the implementation...
TON Network Integrates EVM Functionality in Collaboration with Polygon Labs
The TON Application Chain (TAC) and Polygon Labs have announced a strategic partnership to integrate Ethereum Virtual Machine (EVM) functionality...
Ethereum ETFs Near Approval as SEC Discussions Progress
The long-anticipated approval of spot Ethereum exchange-traded funds (ETFs) in the United States appears imminent, with several recent developments...