Billy Long Sworn in as 51st US IRS Commissioner, Pledges Taxpayer-Friendly Reforms

by Theresa Joy Lacatan | Jun 26, 2025 | Blog News, Crypto News

On 16 June 2025, Billy Long was appointed as the 51st Commissioner of the United States Internal Revenue Service (IRS), following his Senate confirmation on 12 June 2025. In his first message to IRS employees, US IRS Commissioner Billy Long stated, “In my first 90...

FATF Updates List of Jurisdictions Under Increased Monitoring for AML/CFT Compliance

by Theresa Joy Lacatan | Jun 26, 2025 | Blog News, Crypto News

On 13 June 2025, the Financial Action Task Force (FATF) published its latest update on countries under increased monitoring for anti-money laundering and counter-terrorist financing (AML/CFT) compliance. The FATF’s “grey list” highlights jurisdictions working to...

Cayman Islands Monetary Authority Cancels AC Holding Limited’s VASP Registration for Non-Compliance

by Theresa Joy Lacatan | Jun 26, 2025 | Blog News, Crypto News

On 5 June 2025, the Cayman Islands Monetary Authority (CIMA) issued a notice and thereby cancelled the Virtual Asset Service Provider registration of AC Holding Limited (In Official Liquidation), pursuant to section 25(3)(a) of the Virtual Asset (Service Providers)...

Global Regulators Crack Down on Unlawful Finfluencers: ASIC Targets Finfluencers in Global Regulatory Sweep

by Theresa Joy Lacatan | Jun 25, 2025 | Blog News, Crypto News

On 12 June 2025, the Australian Securities and Investments Commission (ASIC) joined a global coalition of nine international regulators in a coordinated crackdown on unlawful social media “finfluencers” during a Global Week of Action Against Unlawful...

US CFTC Commissioner Kristin Johnson’s 2025 CCP AGM Address Highlights Urgent Cybersecurity Measures and Crypto Exchange Oversight Amid Bybit Hack Fallout

by Theresa Joy Lacatan | Jun 24, 2025 | Blog News, Crypto News

On 19 June 2025, Commissioner Kristin N. Johnson delivered a speech at the CCP Global Annual General Meeting in Amsterdam recognising the need for robust cybersecurity protocols, third-party risk frameworks, and updated regulatory expectations, particularly in light...

Singapore MAS Launches 2025 SFF FinTech Excellence Awards with Focus on AI and Crypto-Relevant Regulatory Innovation

by Theresa Joy Lacatan | Jun 24, 2025 | Blog News, Crypto News

On 16 June 2025, Singapore, the Monetary Authority of Singapore (MAS), in partnership with the Singapore FinTech Association (SFA) and supported by PwC Singapore, opened nominations for the 2025 Singapore FinTech Festival (SFF) FinTech Excellence Awards 10th edition,...