Australian Federal Court Delivers Landmark Judgment Penalising Kraken Crypto Exchange

by Theresa Joy Lacatan | Aug 26, 2024 | Blog News, Crypto News

On 23 August 2024, the Federal Court of Australia delivered a landmark judgment against Bit Trade Pty Ltd, the operator of the Kraken cryptocurrency exchange in Australia. In the judgment, the apex court found that Bit Trade had failed to comply with critical design...

ASIC’s Corporate Plan 2024-25 Embraces Blockchain, Virtual Assets, and CBDCs in Financial Landscape

by Theresa Joy Lacatan | Aug 26, 2024 | Blog News, Crypto News

On 22 August 2024, the Australian Securities and Investments Commission (ASIC) unveiled its much-anticipated Corporate Plan for 2024-25, setting the stage for a transformative approach to regulating the nation’s financial markets in the digital age. As digital...

SFC Warns Public Against Fraudulent “ICE Global Professional Station” Platform Impersonating Intercontinental Exchange

by Theresa Joy Lacatan | Aug 26, 2024 | Blog News, Crypto News

On 21 August 2024, the Securities and Futures Commission (SFC) issued warning to the public regarding a fraudulent digital platform known as “ICE Global Professional Station,” which has been linked to various virtual asset-related scams and illicit...

Tether Announces Launch of Dirham-Pegged Stablecoin

by Theresa Joy Lacatan | Aug 22, 2024 | Blog News, Crypto News

On 20 August 2024, Tether, the world’s largest issuer of stablecoins, announced the launch of a new stablecoin pegged to the UAE Dirham (AED). This development marks a strategic collaboration between Tether and UAE-based companies, Phoenix Group and Green Acorn...

SEC Updates Definition of Qualifying Venture Capital Funds with Inflation Adjustment

by Theresa Joy Lacatan | Aug 22, 2024 | Blog News, Crypto News

On 21 August, 2024, the Securities and Exchange Commission (SEC) adopted a rule change affecting the venture capital industry by adjusting the dollar threshold required for a fund to qualify as a “qualifying venture capital fund” under the Investment...

SEC Approves Updated PCAOB Audit Standards: Addresses Auditor Responsibilities, Contributory Liability Rule and Technology Use

by Theresa Joy Lacatan | Aug 22, 2024 | Blog News, Crypto News

On 20 August, 2024, the Securities and Exchange Commission (SEC) announced the approval of updates to the Public Company Accounting Oversight Board (PCAOB) audit standards, which will take effect for audits of financial statements beginning from 15 December, 2024....