Regulatory Updates
UK FCA Proposes Consultation Paper to Safeguard Customer Funds in Payments and E-Money Firms
On 26 September 2024, the United Kingdom’s Financial Conduct Authority (FCA), published a consultation paper (CP24/20), to address the existing...
MAS Establishes International Advisory Panel to Strengthen Cyber and Technology Resilience
On 25 September 2024, the Monetary Authority of Singapore (MAS) announced the formation of Singapore’s new Cyber and Technology Resilience Experts...
Latvijas Banka to Issue Energy-Themed Collector Coin Highlighting Nuclear Fusion and Scientific Innovation
On 23 September 2024, Latvijas Banka announced the launch of the "Energy Coin," a collector coin set to be issued on 26th September 2024. The coin...
US CFTC Takes Action Against Unregistered Crypto and Binary Options Platforms
On 3 September 2024, the Commodity Futures Trading Commission (CFTC) took significant enforcement actions against four online trading platforms,...
US SEC Settles Charges with TrueCoin and TrustToken Over Fraud and Unregistered Sale of Securities
On 24 September 2024, the U.S. Securities and Exchange Commission (US SEC) initiated a complaint against TrueCoin LLC and TrustToken Inc. for...
CFTC Orders Piper Sandler Hedging Services to Pay $2 Million for Recordkeeping and Supervision Violations
On 23 September 2024, the US Commodity Futures Trading Commission (CFTC) issued an enforcement order against Piper Sandler Hedging Services LLC for...
Atom Investors Charged with Recordkeeping Violations, Avoids Civil Penalty Due to Cooperation and Prompt Remediation
On 23 September 2024, the U.S. Securities and Exchange Commission (SEC) announced settled charges against Atom Investors LP, a Texas-based...
US Federal Court Orders Koo Ichioka to Pay Over US $36 Million for Forex and Digital Asset Fraud
On 20 September 2024, the U.S. Commodity Futures Trading Commission (US CFTC) announced that William Koo Ichioka, a New York resident formerly of...
US CFTC Extends No-Action Relief for EU and UK Nonbank Swap Dealers
On 20 September 2024, the U.S. Commodity Futures Trading Commission (US CFTC) issued an extension of its no-action relief for nonbank swap dealers...
Latvijas Banka Invites Innovative Start-ups to Apply for “Fintech Factor 2024” Competition
On 19 September 2024, Latvijas Banka announced the return of the Latvian FinTech Forum, scheduled for 5 November 2024, at the Small Guild in Riga....
SEC Settles Charges with Rari Capital and Founders Over Misleading Investors and Unregistered Broker Activity
On 18 September 2024, the United States’ Securities and Exchange Commission (US SEC) announced that Rari Capital Inc., along with its co-founders...
Reserve Bank of Australia and Treasury Release Joint Paper on CBDC’s and Digital Money Future in Australia
On 18 September 2024, the Reserve Bank of Australia (RBA) and Treasury published a comprehensive joint report ‘Central Bank Digital Currency and the...