Customers Urged to Act on Premium Savings Contracts as BaFin Appeals Frankfurt Court Ruling

by Theresa Joy Lacatan | Nov 27, 2024 | Blog News, Crypto News

On 25 November 2024, Christian Bock, Consumer Protection Officer of the German Federal Financial Supervisory Authority (BaFin), issued a strong call to action for customers holding premium savings contracts. Christian Bock explained the urgent need for customers to...

Gen Z Turns to Finfluencers for Investment Advice According to BaFin Study

by Theresa Joy Lacatan | Nov 27, 2024 | Blog News, Crypto News

On 16 October 2024, Germany’s Federal Financial Supervisory Authority (BaFin) published a report examining the growing influence of financial influencers—or “finfluencers”—on investment decisions among adults aged 18 to 45. The study sheds light on...

United States SEC Reports Enforcement Outcomes for Fiscal Year 2024

by Theresa Joy Lacatan | Nov 27, 2024 | Blog News, Crypto News

On 22 November 2024, the United States Securities and Exchange Commission announced the enforcement statistics for fiscal year 2024, providing a report on financial remedies and ongoing efforts to promote compliance and investor protection. Despite a decline in the...

Miami International Securities Exchange LLC and MIAX PEARL LLC Propose Rule Changes to the US SEC to Allow Bitcoin-Backed Options Trading

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

On 22 November 2024, the United States Securities and Exchange Commission received proposals i.e. proposal 1, proposal 2 and proposal 3 from Miami International Securities Exchange LLC and its affiliate, MIAX PEARL LLC, to amend their rules to permit the listing and...

Gary Gensler Announces Departure as Chair of the United States Securities and Exchange Commission

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

On 21 November 2024, the United States Securities and Exchange Commission announced that Gary Gensler, the 33rd Chair of the Commission, will step down from his role on 20 January 2025. Chair Gary Gensler, who began his tenure on 17 April 2021 in the wake of the...

US Commodity Futures Trading Commission Proposes DLT and Blockchain for Non-Cash Collateral in Derivatives Markets

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

On 21 November 2024, the United States Commodity Futures Trading Commission’s Global Markets Advisory Committee, chaired by Commissioner Caroline D. Pham, has advanced a recommendation to enable the use of distributed ledger technology for non-cash collateral in...