United States Securities and Exchange Commission Imposes $1 Million Penalty on Stoner Cats 2, LLC for Unregistered NFT Offering

by Theresa Joy Lacatan | Nov 15, 2024 | Blog News, Crypto News

On 13 November 2024, the United States Securities and Exchange Commission issued an Order appointing fund administrator, setting administrator’s bond amount, and authorizing the approval and payment of fees and expenses of administration. Initially, on 13 September...

Singapore FinTech Festival 2024 Concludes with Record 65,000 Participants from 134 Countries

by Theresa Joy Lacatan | Nov 15, 2024 | Blog News, Crypto News

On 13 November 2024, The Monetary Authority of Singapore published the updates of the ninth edition of the Singapore FinTech Festival wrapped up on 8 November 2024, attracting a record-breaking 65,000 participants from 134 countries and regions. The annual event has...

Singapore Parliament Addresses Complaints and Regulatory Oversight for Financial “Finfluencers”

by Theresa Joy Lacatan | Nov 15, 2024 | Blog News, Crypto News

On 13 November 2024, in response to a parliamentary question, Mr Alvin Tan, Minister of State for the Ministry of Trade and Industry and the Ministry of Culture, Community and Youth, addressed issues regarding online financial influencers, often known as...

Singapore’s Parliamentary Response on Security and Fraud Liability in Digital Banking for Minors

by Theresa Joy Lacatan | Nov 15, 2024 | Blog News, Crypto News

On 12 November 2024, during a parliamentary session, Deputy Prime Minister and Chairman of the Monetary Authority of Singapore, Mr Gan Kim Yong, provided a detailed response to questions raised by Ms He Ting Ru, Member of Parliament for Sengkang GRC. The questions...

ASIC Reinforces Consumer Confidence in Australian Credit System with Focus on Fair Outcomes

by Theresa Joy Lacatan | Nov 14, 2024 | Blog News, Crypto News

On 13 November 2024, ASIC Deputy Chair Sarah Court delivered an address at the Australian Financial Security Authority Summit. In her remarks, she highlighted ASIC’s commitment to supporting confidence in the Australian credit system, with an emphasis on...

ASIC Enforces Financial Reporting Compliance with Optix Australasia Pty Ltd

by Theresa Joy Lacatan | Nov 14, 2024 | Blog News, Crypto News

On 15 October 2024, the Australian Securities and Investments Commission (ASIC) issued an infringement notice to Optix Australasia Pty Ltd, enforcing compliance with financial reporting obligations under the Australian Corporations Act 2001 (Cth). Optix, a small...