US Federal Court Orders Koo Ichioka to Pay Over US $36 Million for Forex and Digital Asset Fraud

by Theresa Joy Lacatan | Sep 25, 2024 | Blog News, Crypto News

On 20 September 2024, the U.S. Commodity Futures Trading Commission (US CFTC) announced that William Koo Ichioka, a New York resident formerly of San Francisco, was ordered by Judge Vince Chhabria of the U.S. District Court for the Northern District of California to...

US CFTC Extends No-Action Relief for EU and UK Nonbank Swap Dealers

by Theresa Joy Lacatan | Sep 25, 2024 | Blog News, Crypto News

On 20 September 2024, the U.S. Commodity Futures Trading Commission (US CFTC) issued an extension of its no-action relief for nonbank swap dealers (SDs) domiciled in the European Union (EU) and the United Kingdom (UK). This relief, originally granted under US CFTC...

Latvijas Banka Invites Innovative Start-ups to Apply for “Fintech Factor 2024” Competition

by Theresa Joy Lacatan | Sep 25, 2024 | Blog News, Crypto News

On 19 September 2024, Latvijas Banka announced the return of the Latvian FinTech Forum, scheduled for 5 November 2024, at the Small Guild in Riga. This event will convene key players from the FinTech ecosystem to discuss current industry issues and trends. Notably,...

SEC Settles Charges with Rari Capital and Founders Over Misleading Investors and Unregistered Broker Activity

by Theresa Joy Lacatan | Sep 20, 2024 | Blog News, Crypto News

On 18 September 2024, the United States’ Securities and Exchange Commission (US SEC) announced that Rari Capital Inc., along with its co-founders Jai Bhavnani, Jack Lipstone, and David Lucid, agreed to settle charges of misleading investors and acting as unregistered...

Reserve Bank of Australia and Treasury Release Joint Paper on CBDC’s and Digital Money Future in Australia

by Theresa Joy Lacatan | Sep 20, 2024 | Blog News, Crypto News

On 18 September 2024, the Reserve Bank of Australia (RBA) and Treasury published a comprehensive joint report ‘Central Bank Digital Currency and the Future of Digital Money in Australia’ on the role of CBDC and digital money in Australia’s financial future. The...

DBS Bank to Offer OTC Crypto Options and Structured Notes by Q4 2024

by Theresa Joy Lacatan | Sep 19, 2024 | Blog News, Crypto News

In Fourth Quarter of 2024, DBS Bank of Singapore, is set to launch over-the-counter (OTC) cryptocurrency options and structured notes, targeting institutional investors and accredited wealth clients. This move makes DBS the first Asian bank to offer such products,...