WazirX Moratorium Proceedings Update: Second Affidavit and Subsequent Findings

by Theresa Joy Lacatan | Sep 12, 2024 | Blog News, Crypto News

On 10 September 2024, while considering the second affidavit filed by Nischal Shetty, authorised representative for Zettai Pte. Ltd, the Singapore High Court made certain amendments to its earlier correspondence regarding the ongoing moratorium application by Zettai...

US PCAOB Publishes New QC 1000 Guidelines to Strengthen Audit Quality, Effective January 2025

by Theresa Joy Lacatan | Sep 11, 2024 | Blog News, Crypto News

On September 9, 2024, the United States’ Public Company Accounting Oversight Board (PCAOB), with the approval of the United States Securities and Exchange Commission (US SEC), published the QC 1000 guidelines, to enhance quality control standards for public accounting...

U.S. District Court Issues Permanent Injunction and $7 Million Disgorgement Against Yakov Cohen in Binary Options Fraud Case

by Theresa Joy Lacatan | Sep 11, 2024 | Blog News, Crypto News

On 5 September, 2024, the United States District Court for the Northern District of Illinois issued a Consent Order for Permanent Injunction and Other Equitable Relief in the case Commodity Futures Trading Commission v. Yakov Cohen, Yukom Communications Ltd., and...

US Court Partially Grants Coinbase’s Motion in Legal Battle with US SEC

by Theresa Joy Lacatan | Sep 9, 2024 | Blog News, Crypto News

On 5 September 2024, U.S. District Judge Katherine Polk Failla issued a ruling in the ongoing legal case between the U.S. Securities and Exchange Commission (US SEC) and cryptocurrency exchange Coinbase. The court granted in part and denied in part Coinbase’s motion...

FCA’s New Listing Rules and Digital Securities Sandbox: Insights from Sarah Pritchard’s Speech

by Theresa Joy Lacatan | Sep 9, 2024 | Blog News, Crypto News

On 6 September 2024, Sarah Pritchard, the Executive Director of Markets and International at the UK’s Financial Conduct Authority (UK FCA), addressed the Capital Markets Industry Taskforce, presenting the UK FCA’s reform agenda aimed at strengthening the UK’s...

United Texas Bank Issued Cease and Desist Order by Federal Reserve U.S.A.

by Theresa Joy Lacatan | Sep 7, 2024 | Blog News, Crypto News

On 4 September 2024, the Board of Governors of the Federal Reserve System announced enforcement action against the United Texas Bank. The Federal Reserve and the Texas Department of Banking issued a Cease and Desist Order against United Texas Bank, headquartered in...