US SEC to Review Cboe BZX’s Proposal to List Canary XRP Trust Shares for XRP-Based Trust Listing

by Theresa Joy Lacatan | Feb 20, 2025 | Blog News, Crypto News

On 19 February 2025, the United States Securities and Exchange Commission (US SEC) published Release No. 34-102449 regarding a proposed rule change filed by Cboe BZX Exchange, Inc. (BZX) to list and trade shares of the Canary XRP Trust. The proposed listing falls...

Latvijas Banka Governor Proposes Re-Election of Two Council Members

by Theresa Joy Lacatan | Feb 20, 2025 | Blog News, Crypto News

On 19 February 2025, Mārtiņš Kazāks, Governor of Latvijas Banka, submitted a proposal to Daiga Mieriņa, Speaker of the Saeima, to re-elect Māris Kālis and Zita Zariņa as Council Members for a second term. Their current terms are set to expire on 12 March 2025 and 14...

UK FCA Fines Mako £1.66 Million for Failings in Cum-Ex Trading Controls

by Theresa Joy Lacatan | Feb 20, 2025 | Blog News, Crypto News

On 18 February 2025, the United Kingdom Financial Conduct Authority (UK FCA) issued a Final Notice: Mako Financial Markets Partnership LLP, imposing a fine of £1,662,700 for failing to ensure it had effective systems and controls to guard against financial crime. The...

ASIC Proposes Additional Relief for Financial Licensees Under Reportable Situations Regime

by Theresa Joy Lacatan | Feb 19, 2025 | Blog News, Crypto News

On 18 February 2025, the Australian Securities and Investments Commission (ASIC) announced its proposal CS 16 Reportable situations – additional relief, aimed at easing the compliance burden for Australian financial services licensees (AFSLs) and Australian credit...

Singapore Authorities Warn Against Unauthorised Contactless Payment Fraud

by Theresa Joy Lacatan | Feb 19, 2025 | Blog News, Crypto News

On 17 February 2025, the Singapore Police Force (SPF), Cyber Security Agency of Singapore (CSA), and Monetary Authority of Singapore (MAS) jointly issued the Joint Advisory on Unauthorised Card Transactions Made Using Contactless Payment Methods in Singapore. The...

ASIC Updates Guidance on Applications for Relief and No-Action Letters

by Theresa Joy Lacatan | Feb 19, 2025 | Blog News, Crypto News

On 17 February 2025, the Australian Securities and Investments Commission (ASIC) Published updates to its regulatory guides, Regulatory Guide 51: Applications for Relief (RG 51) and Regulatory Guide 108: No-Action Letters (RG 108). These updates aim to simplify...