Dr. Eric Yip Unveils Hong Kong’s Vision for a Regulated Virtual Asset Market at FinTech Week 2024

by Theresa Joy Lacatan | Oct 29, 2024 | Blog News, Crypto News

On 28 October 2024, Dr. Eric Yip, Executive Director of Intermediaries at the Securities and Futures Commission (HK SFC) in Hong Kong, in his speech addressed the Hong Kong FinTech Week audience, laying out a comprehensive roadmap for virtual asset regulation. His...

MAS Announces 2024 Global FinTech Hackcelerator and FinTech Excellence Awards Finalists

by Theresa Joy Lacatan | Oct 29, 2024 | Blog News, Crypto News

On 28 October 2024, the Monetary Authority of Singapore (MAS) announced the 42 finalists for the 2024 Global FinTech Hackcelerator and the SFF FinTech Excellence Awards. The highly anticipated awards will celebrate transformative FinTech innovations, with winners to...

Singapore Enforces New Shared Responsibility Framework, Strengthening Consumer Protection Against Phishing Scams in Financial and Telecom Sectors

by Theresa Joy Lacatan | Oct 29, 2024 | Blog News, Crypto News

On 24 October 2024, the Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA) introduced Shared Responsibility Framework (SRF), instituting clear obligations for Financial Institutions (FIs) and Telecommunication operators (Telcos) to...

US SEC Commissioner Mark T. Uyeda Addresses Regulatory and Financial Market Challenges at the AIMA APAC Annual Forum

by Theresa Joy Lacatan | Oct 29, 2024 | Blog News, Crypto News

On 24 October 2024, U.S. SEC Commissioner Mark T. Uyeda addressed the AIMA APAC Annual Forum in Hong Kong, discussing the Indo-Pacific’s expanding role in global economic dynamics and the importance of fostering strong economic ties with this rapidly growing region....

UK FCA Launches Crackdown on Illegal Finfluencers for alleged Targeting of Young Investors

by Theresa Joy Lacatan | Oct 24, 2024 | Blog News, Crypto News

On 22 October 2024, the United Kingdom’s Financial Conduct Authority (UK FCA) escalated its efforts to combat financial misconduct on social media, targeting 20 so-called “finfluencers” as part of a new initiative to curb illegal financial promotions. These social...

Denmark’s Tax Law Council Proposes Consistent Taxation Framework for Crypto Assets

by Theresa Joy Lacatan | Oct 24, 2024 | Blog News, Crypto News

On 23 October 2024, the Danish Tax Law Council published a comprehensive report recommending changes to the taxation of crypto assets in Denmark. The report, titled “Finansielle Kryptoaktiver”, focuses on standardising the taxation framework to align with...