Singapore Tightens Grip on Digital Payment Regulation: MAS Leads New Wave of Crypto and Payment Services Reform

by Theresa Joy Lacatan | Nov 5, 2024 | Blog News, Crypto News

On 30 October 2024, the Monetary Authority of Singapore published the National Anti Money Laundering strategy which made waves in the world of digital finance. Monetary Authority of Singapore announced updates to the Singapore’s Payment Services Act (PSA), which...

BIS and Central Banks Showcase Embedded Compliance for Cross-Border Transactions in Project Mandala

by Theresa Joy Lacatan | Oct 31, 2024 | Blog News, Crypto News

On 28 October 2024, the Bank for International Settlements (BIS), in collaboration with central bank partners from Australia, Korea, Malaysia, and Singapore, announced a development with Project Mandala, which demonstrated the feasibility of embedding regulatory...

Hong Kong SFC Reports Major Development in Tokenised Asset Management Pilot within Project Ensemble Sandbox

by Theresa Joy Lacatan | Oct 31, 2024 | Blog News, Crypto News

On 28 October 2024, the Hong Kong Securities and Futures Commission (HK SFC) has announced a development within the Project Ensemble Sandbox, a financial technology testing environment established in collaboration with the Hong Kong Monetary Authority (HKMA). In a...

Latvia Fintech Forum 2024: Sector Development and Global Trends to Be Explored in Riga on 5 November 2024

by Theresa Joy Lacatan | Oct 31, 2024 | Blog News, Crypto News

On 23 October 2024, Latvijas Banka announced the upcoming Latvia Fintech Forum 2024, set to take place on 5 November 2024 in Riga. The forum, now in its third year, will bring together an anticipated 250 representatives from across the financial technology sector,...

US Second Circuit Court Issues Default Notice in SEC vs. Ripple Appeal over Procedural Non-Compliance by Ripple’s Legal Team

by Theresa Joy Lacatan | Oct 31, 2024 | Blog News, Crypto News

On 22 October 2024, the U.S. Court of Appeals for the Second Circuit issued a Default Notice pursuant to its Local Rule 12.3. According to this rule, the appellee’s counsel (in this case, representing Ripple Labs or related parties) was required to file an...

US CFTC Commissioner Pham Announces Global Markets Advisory Committee (GMAC) Meeting on 21 November 2024

by Theresa Joy Lacatan | Oct 31, 2024 | Blog News, Crypto News

On 28 October 2024, US CFTC Commissioner Caroline D. Pham, sponsor of the Global Markets Advisory Committee (GMAC), announced that the committee will hold a virtual public meeting on Thursday, 21 November 2024, from 9:30 a.m. to 10:30 a.m. EST. This meeting,...