ASIC Against Greenwashing: Strict Sustainability Reporting Reforms

by Theresa Joy Lacatan | Aug 29, 2024 | Blog News, Crypto News

On 23 August 2024, the Australian Securities and Investments Commission (ASIC) announced a series of regulatory interventions aimed at curbing greenwashing misconduct in the sustainable finance sector. Over a 15-month period leading up to 30 June 2024, ASIC undertook...

FINMA Tightens Oversight on VASPs: Elevates IT and Cybersecurity Standards in Latest Audit Forms

by Theresa Joy Lacatan | Aug 29, 2024 | Blog News, Crypto News

On 27 August 2024, the Swiss Financial Market Supervisory Authority (FINMA) published two new set of audit forms i.e. GB-A Regulatory audit report investment companies with variable capital (SICAV) 2024 & GB-A Regulatory audit report fund management companies...

Commonwealth Secretariat Launches AI-Driven Policy Tool, StrategusAI, to Enhance Governance Across Member States

by Theresa Joy Lacatan | Aug 27, 2024 | AI News, Blog News

On 16 August 2024, the Commonwealth Secretariat and Intel Corporation, in collaboration, launched StrategusAI, an innovative Artificial Intelligence (AI) toolkit designed to transform the way member governments develop and implement policies. This tool aims to help...

U.S. Copyright Office: Need for Federal Protections Against AI-Generated Digital Replicas

by Theresa Joy Lacatan | Aug 27, 2024 | AI News, Blog News

On 15 July 2024, the U.S. Copyright Office released a Report titled “Copyright and Artificial Intelligence, Part 1: Digital Replicas.” The Report explores the complex relationship between copyright law and the rapidly advancing capabilities of artificial...

Australian Federal Court Delivers Landmark Judgment Penalising Kraken Crypto Exchange

by Theresa Joy Lacatan | Aug 26, 2024 | Blog News, Crypto News

On 23 August 2024, the Federal Court of Australia delivered a landmark judgment against Bit Trade Pty Ltd, the operator of the Kraken cryptocurrency exchange in Australia. In the judgment, the apex court found that Bit Trade had failed to comply with critical design...

ASIC’s Corporate Plan 2024-25 Embraces Blockchain, Virtual Assets, and CBDCs in Financial Landscape

by Theresa Joy Lacatan | Aug 26, 2024 | Blog News, Crypto News

On 22 August 2024, the Australian Securities and Investments Commission (ASIC) unveiled its much-anticipated Corporate Plan for 2024-25, setting the stage for a transformative approach to regulating the nation’s financial markets in the digital age. As digital...