Regulatory Updates
Singapore Parliament Addresses Complaints and Regulatory Oversight for Financial “Finfluencers”
On 13 November 2024, in response to a parliamentary question, Mr Alvin Tan, Minister of State for the Ministry of Trade and Industry and the...
Singapore’s Parliamentary Response on Security and Fraud Liability in Digital Banking for Minors
On 12 November 2024, during a parliamentary session, Deputy Prime Minister and Chairman of the Monetary Authority of Singapore, Mr Gan Kim Yong,...
ASIC Reinforces Consumer Confidence in Australian Credit System with Focus on Fair Outcomes
On 13 November 2024, ASIC Deputy Chair Sarah Court delivered an address at the Australian Financial Security Authority Summit. In her remarks, she...
ASIC Enforces Financial Reporting Compliance with Optix Australasia Pty Ltd
On 15 October 2024, the Australian Securities and Investments Commission (ASIC) issued an infringement notice to Optix Australasia Pty Ltd,...
Enhanced Disclosure Processes Implemented in UK Regulatory Enforcement Following Upper Tribunal Review
On 11 November 2024, the Financial Conduct Authority (FCA) in the United Kingdom announced a series of enhancements to its disclosure processes in...
Operator of Bitcoin Fog Sentenced for Money Laundering in Landmark Cryptocurrency Case
On 8 November 2024, the United States Department of Justice (DOJ) secured a significant sentence in a landmark case against Roman Sterlingov, a dual...
Latest Developments in WazirX Restructuring: Fifth Affidavit Filed in Singapore High Court
On 07 November 2024, Nischal Shetty, Director of Zettai Pte Ltd, filed his fifth affidavit in the General Division of the High Court of the Republic...
Hong Kong Monetary Authority and Bank of Thailand Launch Collaborative Cross-Border Tokenisation Initiatives
On 28 October 2024, the Hong Kong Monetary Authority and the Bank of Thailand announced a strategic collaboration to advance cross-border...
Hong Kong Monetary Authority Partners with Banco Central do Brasil on Ground-breaking Cross-Border Tokenisation Initiatives
On 28 October 2024, the Hong Kong Monetary Authority (HKMA) announced a pioneering collaboration with the Banco Central do Brasil (BCB) to drive...
WazirX Announces Fourth Townhall to Address Restructuring Initiatives and Launch New Rebalancing Tool
On 06 November 2024, WazirX, an Indian cryptocurrency platform, announced a Townhall meeting for its creditors to introduce its latest restructuring...
OKX and Komainu Expand Partnership to Enhance Institutional Off-Exchange Custody for Digital Assets
On 5 November 2024, OKX, a major global cryptocurrency exchange registered in the Republic of Seychelles, and Komainu, a regulated digital asset...
United States Commodity Futures Trading Commission Issues Advisory Warning on Dangers of Messaging Apps for Crypto Users
On 31 October 2024, the United States Commodity Futures Trading Commission (Commodity Futures Trading Commission) issued a customer advisory warning...