Brian Young Appointed as United States Commodity Futures Trading Commission Director of Enforcement

by Theresa Joy Lacatan | Feb 17, 2025 | Blog News, Crypto News

On 14 February 2025, the United States Commodity Futures Trading Commission announced the appointment of Brian Young as its Director of Enforcement. Young had been serving in an acting capacity since 22 January 2025 and was previously the Director of the Whistleblower...

Hong Kong SFC Convenes First Virtual Asset Consultative Panel Meeting to Develop Virtual Asset Regulatory Framework

by Theresa Joy Lacatan | Feb 17, 2025 | Blog News, Crypto News

On 14 February 2025, Hong Kong Securities and Futures Commission (HK SFC) convened the inaugural meeting of the Hong Kong Virtual Asset Consultative Panel (VACP), a dedicated advisory body for licensed virtual asset trading platforms (VATPs) in Hong Kong. The HK VACP,...

BaFin Warns Consumers About Unauthorised Crypto Trading Bots Operating in Germany

by Theresa Joy Lacatan | Feb 14, 2025 | Blog News, Crypto News

On 11 February 2025, the Federal Financial Supervisory Authority (BaFin) of Germany issued a public warning alerting consumers to a series of online platforms offering AI-controlled algorithmic trading for financial instruments and cryptoassets without the required...

Singapore to Establish New Payments Entity to Strengthen National Payment Schemes

by Theresa Joy Lacatan | Feb 13, 2025 | Blog News, Crypto News

On 12 February 2025, the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced the establishment of a new payments entity to consolidate the administration and governance of Singapore’s national payment schemes. The...

India’s Union Budget 2025-26 Introduces Stricter Cryptocurrency Regulations and Compliance Measures

by Theresa Joy Lacatan | Feb 13, 2025 | Blog News, Crypto News

On 1 February 2025, the Indian government released the Union Budget for the financial year 2025-26, addressing various economic sectors, including cryptocurrency regulation. The budget reaffirmed the government’s cautious stance on digital assets by maintaining...

US Federal Court Orders Florida Resident to Pay $7.6 Million for Digital Asset Fraud

by Theresa Joy Lacatan | Feb 12, 2025 | Blog News, Crypto News

On 10 February 2025, the United States Commodity Futures Trading Commission (US CFTC) announced that the United States District Court for the District of Massachusetts had entered a consent order dated 6 February 2025 against Randall Crater, a resident of Heathrow,...