Latvijas Banka Opens Access to Electronic Clearing System for Non-Bank Payment Service Providers

by Theresa Joy Lacatan | Oct 21, 2024 | Blog News, Crypto News

On 16 October 2024, Latvijas Banka announced that it has completed the necessary preparatory work to allow non-bank payment service providers, including licensed payment and electronic money institutions as well as credit unions, to join its Electronic Clearing System...

Australian Federal Court Rules Harvey Norman and Latitude Misled Consumers in Advertising Campaign

by Theresa Joy Lacatan | Oct 21, 2024 | Blog News, Crypto News

On 18 October 2024, the Australian Federal Court in its judgment ruled that Harvey Norman Holdings Ltd and Latitude Finance Australia engaged in misleading conduct and made false or deceptive representations in relation to a widely promoted 60-month interest-free and...

Gary Gensler, US SEC Chair Discusses AI, Fraud, and Investor Protection in Securities Law

by Theresa Joy Lacatan | Oct 21, 2024 | AI News, Blog News

On 10 October 2024, Gary Gensler, the Chair of the United States Securities and Exchange Commission (US SEC), delivered a statement regarding the risks of fraud and deception in the context of artificial intelligence and its application in finance. His remarks...

ASIC Announces Key Appointments to Executive Leadership Team as Part of Ongoing Transformation

by Theresa Joy Lacatan | Oct 18, 2024 | Blog News, Crypto News

On 17 October 2024, the Australian Securities and Investments Commission (ASIC) has continued its significant transformation efforts and announced appointments to its senior executive leadership team. These appointments are said to be the ASIC’s largest organisational...

US CFTC Roundtable on Clearing Issues: Focus on Digital Assets and Market Evolution

by Theresa Joy Lacatan | Oct 18, 2024 | Blog News, Crypto News

On 16 October 2024, the United States Commodity Futures Trading Commission’s Division of Clearing and Risk held a significant roundtable discussion to address existing, new, and emerging issues in the world of clearing, with a strong emphasis on digital assets. Held...

U.S. SEC Charges Registered Representative for Fraud and Violations of US Regulation Best Interest

by Theresa Joy Lacatan | Oct 17, 2024 | Blog News, Crypto News

On 16 October 2024, the United States Securities and Exchange Commission filed a complaint against Baris Cabalar, a registered representative at PHX Financial, Inc., for recommending a short-term, high-volume trading strategy to eight retail customers without a...