UK FCA Confiscates Over £500,000 from Convicted Insider Dealer in Landmark Enforcement Action

by Theresa Joy Lacatan | Feb 5, 2025 | Blog News, Crypto News

On 3 February 2025, the United Kingdom Financial Conduct Authority (UK FCA) announced that it had secured a confiscation order of £586,711.01 against Mohammed Zina, a convicted insider dealer. The confiscation order was issued on 29 January 2025, requiring Zina to pay...

UK FCA Proposes Reforms for Corporate Bond Issuance and Investment Opportunities

by Theresa Joy Lacatan | Feb 5, 2025 | Blog News, Crypto News

On 31 January 2025, the United Kingdom Financial Conduct Authority (UK FCA) published a consultation setting out further proposals to support corporate bond issuance, streamline capital-raising processes, and enhance investment opportunities for wealth managers and...

Latvia’s Financial Services Sector Moves Towards Innovation, Connectivity, and Resilience

by Theresa Joy Lacatan | Feb 5, 2025 | Blog News, Crypto News

On 28 January 2025, Latvia’s central bank, Latvijas Banka, published an update outlining its vision for the future of financial services in the country. The update, authored by Marine Krasovska, Head of Financial Technology Supervision Department at Latvijas Banka,...

US SEC Appoints Natalia Díez Riggin as Senior Advisor and Acting Director of Legislative and Intergovernmental Affairs

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

On 30 January 2025, the United States Securities and Exchange Commission (US SEC) Acting Chairman Mark T. Uyeda appointed Natalia Díez Riggin as Senior Advisor and Acting Director of the Office of Legislative and Intergovernmental Affairs. The Office of Legislative...

US SEC Approves NYSE Arca’s Rule Change for Listing and Trading of Bitwise Bitcoin and Ethereum ETF

by Theresa Joy Lacatan | Jan 31, 2025 | Blog News, Crypto News

On 30 January 2025, the United States Securities and Exchange Commission (US SEC) granted accelerated approval to a proposed rule change filed by NYSE Arca, Inc. This approval permits the exchange to list and trade shares of the Bitwise Bitcoin and Ethereum ETF under...

US Court Orders Over $451 Million Penalty in Global Binary Options Fraud Case

by Theresa Joy Lacatan | Jan 31, 2025 | Blog News, Crypto News

On 29 January 2025, the United States District Court for the Northern District of Illinois issued a default judgment against multiple offshore entities and individuals for their involvement in a large-scale global binary options fraud. The ruling, following a United...