MAS Signs MoU with Banks and Tech Partners to Bolster Quantum Computing Security Against Emerging Threats

by Theresa Joy Lacatan | Aug 15, 2024 | AI News, Blog News

On 14 August 2024, the Monetary Authority of Singapore (MAS) signed a Memorandum of Understanding (MoU) with major banks and financial institutions to reinforce the country’s financial sector against potential cybersecurity threats from quantum computing. This MoU,...

US SEC and Latvijas Banka Join Forces to Strengthen Virtual Asset Oversight

by Theresa Joy Lacatan | Aug 14, 2024 | Blog News, Crypto News

On 13 August, 2024, in a significant step towards enhancing the security and resilience of the digital asset sphere, the United States and Latvia have embarked on a joint initiative to bolster supervision and regulation of operational risks associated with virtual...

ASIC’s 2024 Financial Advice Update Highlights Compliance, Cybersecurity, Ethical Practices, and Investor Protection

by Theresa Joy Lacatan | Aug 14, 2024 | Blog News, Crypto News

On 9 August 2024, the Australian Securities and Investments Commission (ASIC) released it’s financial advice update that discusses the importance of compliance across multiple critical areas. This update addresses the need for accurate record-keeping on the financial...

Korea Fintech Week 2024: Pioneering the Future of Finance with AI and Global Innovation

by Theresa Joy Lacatan | Aug 14, 2024 | Blog News, Crypto News

On July 25, 2024, the Financial Services Commission (FSC) officially announced the schedule for this year’s highly anticipated Korea Fintech Week, set to take place from August 27 to 29 at the iconic Dongdaemun Design Plaza in Seoul. This event, the largest of its...

RBI Deputy Governor Highlights Impact of CBDCs on Deposit Insurance at Asia Pacific Conference

by Theresa Joy Lacatan | Aug 13, 2024 | Blog News, Crypto News

On August 13, 2024, in a compelling address at the International Association of Deposit Insurers (IADI) Asia Pacific Regional Committee (APRC) International Conference, Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra highlighted the evolving...

CFTC Penalizes Texas Firm $100,000 for Unregistered Broker Activities

by Theresa Joy Lacatan | Aug 13, 2024 | Blog News, Crypto News

On August 12, 2024, the Commodity Futures Trading Commission (CFTC) imposed a $100,000 fine on Cost Management Solutions, LLC (CMS), a Texas-based corporation, for operating as an unregistered Introducing Broker (IB). The order, which simultaneously files and settles...