SEC Invites Regulated Entities to Submit Diversity Self-Assessments

by Theresa Joy Lacatan | Jun 7, 2024 | Blog News, Crypto News

The Securities and Exchange Commission (SEC) on June 5, 2024  initiated its biennial collection of Diversity Self-Assessment Submissions from regulated entities, including those in the crypto sector. This initiative provides organizations the opportunity to thoroughly...

MAS Expands Fair Dealing Guidelines to All Financial Institutions and Services

by Theresa Joy Lacatan | Jun 7, 2024 | Blog News, Crypto News

The Monetary Authority of Singapore (MAS) on 30 May 2024 issued an updated set of Guidelines on Fair Dealing, expanding its scope to include all financial institutions (FIs) and all products and services they offer. This significant update aims to enhance standards of...

SFC Ends Non-Contravention Period for Virtual Asset Trading Platforms in Hong Kong on June 1, 2024

by Theresa Joy Lacatan | Jun 6, 2024 | Blog News, Crypto News

Effective June 1, 2024, all virtual asset trading platforms (VATPs) in Hong Kong must be licensed by the Securities and Futures Commission (SFC) or be deemed-to-be-licensed applicants, marking the end of the non-contravention period under the Anti-Money Laundering and...

Dapper Labs Reaches $4 Million Settlement, Affirms NBA Top Shot NFTs Are Not Securities

by Theresa Joy Lacatan | Jun 6, 2024 | Blog News, Crypto News

Dapper Labs has agreed to a $4 million settlement to conclude a class-action lawsuit alleging that its NBA Top Shot Moments nonfungible tokens (NFTs) were unregistered securities. This settlement reaffirms that the NFTs are not securities, according to CEO Roham...

Thailand SEC Approves First Spot Bitcoin ETF, Paving the Way for Digital Asset Adoption

by Theresa Joy Lacatan | Jun 6, 2024 | Blog News, Crypto News

In a landmark move for the cryptocurrency market, the Thailand Securities and Exchange Commission (SEC) has approved the country’s first spot Bitcoin Exchange-Traded Fund (ETF). This significant step marks a pivotal moment in the mainstream adoption of digital...

Australian Court relieves Block Earner from Penalty Despite Licensing Dispute

by Theresa Joy Lacatan | Jun 6, 2024 | Blog News, Crypto News

Australia’s federal court has ruled in favor of fintech firm Block Earner, relieving it from paying a fine despite finding that it offered a crypto yield-bearing product without a financial services license. Justice Ian Jackman determined that Block Earner...