Singapore Addresses Credit Card Fraud: Protections and Responsibilities Outlined

by Theresa Joy Lacatan | Jan 8, 2025 | Blog News, Crypto News

On 7 January 2025, during a Parliament sitting, Mr. Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore (MAS), addressed a query on credit card fraud raised by Mr. Desmond Choo, Member of...

HKMA Issues Urgent Warning Over Phishing Messages Linked to Bank of China (Hong Kong)

by Theresa Joy Lacatan | Jan 7, 2025 | Blog News, Crypto News

On 7 January 2025, the Hong Kong Monetary Authority (HKMA) issued a public alert regarding phishing instant messages impersonating Bank of China (Hong Kong) Limited. The advisory highlights fraudulent messages reported to the HKMA and discusses the importance of...

RBI Announces HaRBInger 2024 Winners: Transforming Financial Security and Accessibility

by Theresa Joy Lacatan | Jan 7, 2025 | Blog News, Crypto News

On 7 January 2025, the Reserve Bank of India (RBI) announced the winners of the third edition of its global hackathon, HaRBInger 2024 – Innovation for Transformation, during a grand finale in Bengaluru. The event brought together innovators, industry leaders, and...

BIS Insights on Regulating AI in the financial sector: Challenges and Opportunities

by Theresa Joy Lacatan | Jan 6, 2025 | AI News, Blog News

On 12 December 2024, the Bank for International Settlements (BIS) released a FSI Insights on policy implementation No 63 titled “Regulating AI in the Financial Sector: Recent Developments and Main Challenges.” This information paper, authored by the...

US SEC Chair: Registered PCAOB Inactive Firms under Scrutiny with New Registration Withdrawal Rule

by Theresa Joy Lacatan | Jan 6, 2025 | Blog News, Crypto News

On 2 January 2025, Gary Gensler, Chair of the United States Securities and Exchange Commission (US SEC), gave an official statement announcing a rule change approved by the US SEC. The new regulation, proposed by the Public Company Accounting Oversight Board (PCAOB),...

MAS Encourages Use of Fit Notes and E-Hong Baos for a Greener Lunar New Year

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

On 2 January 2025, the Monetary Authority of Singapore (MAS) announced initiatives to promote the use of Fit notes and digital gifting during the upcoming Lunar New Year festivities. By encouraging the public to opt for these environmentally friendly alternatives over...