US SEC to Hold Roundtable on Artificial Intelligence in Financial Industry

by Theresa Joy Lacatan | Mar 3, 2025 | AI News, Blog News

On 28 February 2025, the United States Securities and Exchange Commission (US SEC) announced that it will host a roundtable discussion on Artificial Intelligence (AI). The event is scheduled for 27 March 2025 from 9 a.m. to 4 p.m. United States time at the US SEC’s...

UK Court Sentences Olumide Osunkoya to Four Years for Illegal Crypto ATM Operations

by Theresa Joy Lacatan | Mar 3, 2025 | Blog News, Crypto News

On 28 February 2025, the United Kingdom’s Financial Conduct Authority (UK FCA) announced that Olumide Osunkoya, 46, had been sentenced to four years in prison for illegally operating a crypto ATM network and associated offences. The sentencing took place at Southwark...

US SEC Dismisses Civil Enforcement Action Against Coinbase Amid Crypto Regulatory Shift

by Theresa Joy Lacatan | Mar 3, 2025 | Blog News, Crypto News

On 27 February 2025, the United States Securities and Exchange Commission (SEC) published Joint Stipulation to Dismiss, and Release to dismiss its civil enforcement action against Coinbase Inc. and Coinbase Global Inc. The civil enforcement action, initially filed by...

UK FCA Confirms September 2027 Trial for £64 Million WealthTek Fraud and Money Laundering Case

by Theresa Joy Lacatan | Feb 27, 2025 | Blog News, Crypto News

On 25 February 2025, the United Kingdom Financial Conduct Authority (UK FCA) announced that the criminal trial of John Dance, the former principal partner of WealthTek LLP, has been scheduled for September 2027 at Southwark Crown Court. The case concerns allegations...

ASIC Releases Discussion Paper on Australia’s Evolving Capital Markets: Regulatory Challenges and Investment Trends

by Theresa Joy Lacatan | Feb 27, 2025 | Blog News, Crypto News

On 26 February 2025, the Australian Securities and Investments Commission (ASIC) published a discussion paper titled Australia’s Evolving Capital Markets: A Discussion Paper on the Dynamics Between Public and Private Markets. The document examines trends in...

Germany’s BaFin Announces New Regulatory Framework for Crypto-Asset Service Providers in view of MiCAR

by Theresa Joy Lacatan | Feb 27, 2025 | Blog News, Crypto News

On 21 February 2025, Germany’s Federal Financial Supervisory Authority (BaFin) announced new regulatory measures under the European Union’s Markets in Crypto-Assets Regulation (MiCAR), which has been in force since December 2024. BaFin stated that crypto-asset service...