SEC Charges Nader Al-Naji with Fraud and Unregistered Offering of Crypto Asset Securities

by Theresa Joy Lacatan | Jul 31, 2024 | Blog News, Crypto News

On July 30, 2024, the Securities and Exchange Commission (SEC) charged Nader Al-Naji, the founder of the BitClout blockchain protocol now known as Decentralized Social (DeSo), with perpetrating a multi-million-dollar fraudulent crypto asset scheme. Al-Naji, who...

SFC Issues Public Warning Against Proxinex for Suspected Virtual Asset-Related Fraud

by Theresa Joy Lacatan | Jul 31, 2024 | Blog News, Crypto News

On 29 Jul 2024, the Securities and Futures Commission (SFC) issued a public warning regarding Proxinex, an entity suspected of engaging in virtual asset-related fraud. The alert comes in response to numerous reports from investors who have encountered significant...

Moomoo Becomes First Digital Brokerage in Singapore to Obtain Major Payment Institution License

by Theresa Joy Lacatan | Jul 31, 2024 | Blog News, Crypto News

On July 28, 2024, Moomoo announced it has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), making it the first digital brokerage in Singapore to obtain a license for digital payment token services. This milestone allows...

Chee Hong Tat Appointed Deputy Chairman of MAS Board

by Theresa Joy Lacatan | Jul 31, 2024 | Blog News, Crypto News

On 29 July 2024, the Monetary Authority of Singapore (MAS) announced that Mr. Chee Hong Tat, the Minister for Transport and Second Minister for Finance, will be appointed Deputy Chairman of the MAS Board of Directors. This appointment, set to take effect from 23...

FINMA Publishes New Guidelines on Stablecoins: Enhancing Regulatory Oversight and Strengthening Financial Security in Switzerland

by Theresa Joy Lacatan | Jul 29, 2024 | Blog News, Crypto News

On 26 July 2024, the Swiss Financial Market Supervisory Authority (FINMA) released its latest guidance, “FINMA Guidance 06/2024,” addressing the burgeoning field of stablecoins. As these digital assets gain prominence, FINMA’s guidelines underscore the legal,...

Donald Trump’s Future Crypto Vision: Making the U.S. the Global Crypto Capital

by Theresa Joy Lacatan | Jul 29, 2024 | Blog News, Crypto News

On July 27, 2024, former U.S. President Donald Trump delivered the keynote address at the Bitcoin 2024 conference in Nashville, Tennessee, sending ripples through the cryptocurrency community and igniting a wave of bullish sentiment. With a packed audience and...