MAS Updates on Settlement Periods, Safeguarding Customer Funds, and Scam Compensation Frameworks

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

On 15 October 2024, Mr Gan Kim Yong, Deputy Prime Minister and Chairman of the Monetary Authority of Singapore (MAS), provided written replies in Parliament addressing questions on funds collected by payment service providers and e-commerce platforms, as well as...

US Court Orders Unsealing of US CFTC Case Against Traders Domain FX LTD, Making All Documents Public

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

On 11 October 2024, the United States District Court for the Southern District of Florida issued an Order related to Case No. 24-cv-23745-ALTMAN. This case involves the US Commodity Futures Trading Commission and Traders Domain FX LTD, among other defendants. The...

Hong Kong’s SFC Announces Appointment of Dr. Kelvin Wong Tin-yau as New Chairman

by Theresa Joy Lacatan | Oct 16, 2024 | Blog News, Crypto News

On 14 October 2024, the Hong Kong’s Securities and Futures Commission (HK SFC) announced the appointment of Dr. Kelvin Wong Tin-yau as its new Chairman for a three-year term, starting on 20 October 2024. Dr. Wong will succeed Mr. Tim Lui, who will step down on 19...

Monochrome’s Ethereum ETF Launches, Offering Australia’s First Spot ETH Exposure

by Theresa Joy Lacatan | Oct 16, 2024 | Blog News, Crypto News

On 14 October 2024, Monochrome Asset Management launched Australia’s first spot Ethereum exchange-traded fund (ETF), IETH, on Cboe Australia, marking a significant advancement in the nation’s cryptocurrency investment landscape. The IETH ETF offers unique...

ASIC Publishes 2024 Licensing Reforms: Crypto Assets, BNPL Regulations, and Financial Accountability Among Key Changes

by Theresa Joy Lacatan | Oct 16, 2024 | Blog News, Crypto News

On 11 October 2024, the Australian Securities and Investments Commission (ASIC) published Report 797, titled Licensing and Professional Registration Activities: 2024 Update. The report outlines ASIC’s licensing and registration activities over the 2023–24...

Singapore’s Joint Advisory Warns of Rise in Government Official Impersonation Scam Involving Banks

by Theresa Joy Lacatan | Oct 16, 2024 | Blog News, Crypto News

On 10 October 2024, the Singapore Police Force and the Monetary Authority of Singapore issued a joint advisory alerting the public to a surge in scams where perpetrators impersonate bank officers and government officials. The scam variant has seen at least 100...