Fraudulent Commodity Pools: U.S. CFTC’s Legal Action Culminates in Over US$2 Million Penalty Against Hawaiian Operator

by Theresa Joy Lacatan | Dec 9, 2024 | Blog News, Crypto News

On 5 December 2024, the United States Commodity Futures Trading Commission announced a legal resolution in its enforcement action against Marcus Todd Brisco, a Hawaii-based operator accused of running fraudulent schemes through two commodity pools. The U.S. District...

Hong Kong Stablecoins Bill to be Introduced in Hong Kong Legislative Council on 18 December 2024

by Theresa Joy Lacatan | Dec 8, 2024 | Blog News, Crypto News

On 6 December 2024, the Hong Kong Government announced the publication of the Hong Kong Stablecoins Bill in the Gazette, aiming to establish a regulatory framework for fiat-referenced stablecoins within its jurisdiction. The Hong Kong Stablecoins Bill, if enacted in...

US CFTC Announces Public Meeting on Market Risk Advisory Committee’s Key Topics for December 10

by Theresa Joy Lacatan | Dec 6, 2024 | Blog News, Crypto News

On 26 November 2024, the Commodity Futures Trading Commission, the regulatory authority overseeing derivatives markets in the United States, announced that its Market Risk Advisory Committee (MRAC) will hold a public meeting on Tuesday, 10 December 2024. The meeting...

United Kingdom Financial Conduct Authority Engages Industry to Shape New Crypto Regulation Framework

by Theresa Joy Lacatan | Dec 6, 2024 | Blog News, Crypto News

On 26 November 2024, the United Kingdom Financial Conduct Authority announced progress in developing a regulatory framework for cryptoassets. This follows insights gathered earlier in the year during a series of roundtable discussions involving over 100 organisations,...

ASIC Issues New and Updated Guidance Following DBFO Act Reforms

by Theresa Joy Lacatan | Dec 6, 2024 | Blog News, Crypto News

On 21 November 2024, the Australian Securities and Investments Commission released updated regulatory guidance in response to reforms introduced under the Treasury Laws Amendments (Delivering Better Financial Outcomes and Other Measures) Act 2024 (DBFO Act). This...

MAS and ABS Announce Launch of Electronic Deferred Payment Solutions in Mid-2025 and Revised Deadline for Corporate Cheque Processing

by Theresa Joy Lacatan | Dec 6, 2024 | Blog News, Crypto News

On 5 December 2024, the Monetary Authority of Singapore and the Association of Banks in Singapore have jointly announced updates to Singapore’s payment landscape. The Monetary Authority of Singapore has released a consultation paper detailing these initiatives and...