MAS Reaffirms Commitment to Safeguarding Customer Data Amid Growing Concerns

by Theresa Joy Lacatan | Aug 22, 2024 | Blog News, Crypto News

On 19 August 2024, in response to public concerns regarding the protection of national data by financial institutions (FIs), the Monetary Authority of Singapore (MAS) issued a strong statement reaffirming its commitment to the stringent safeguarding of customer data....

MAS Issues Nine-Year Prohibition Order Against Former OCBC Bank Representative, Mr. Hoi Wei Kit

by Theresa Joy Lacatan | Aug 22, 2024 | Blog News, Crypto News

On 19 August 2024, in a decisive move to uphold the integrity of Singapore’s financial advisory sector, the Monetary Authority of Singapore (MAS) issued a nine-year prohibition order (PO) against Mr. Hoi Wei Kit, a former representative of OCBC Bank. This action...

MAS Issues 1-Year Prohibition Order Against Former HSBC Representative Mr. Aw Jun Ray Reko Corinthians

by Theresa Joy Lacatan | Aug 22, 2024 | Blog News, Crypto News

On 19 August 2024, the Monetary Authority of Singapore (MAS) today announced the issuance of a one-year prohibition order (PO) against Mr. Aw Jun Ray, Reko Corinthians, a former representative of HSBC Bank. The PO, which takes effect immediately, prohibits Mr. Aw from...

Google Faces $5 Million Lawsuit Over Malicious Crypto Wallet App on Play Store

by Theresa Joy Lacatan | Aug 21, 2024 | Blog News, Crypto News

On 15 August, 2024, Google has come under legal fire as it faces a $5 million lawsuit filed by Maria Vaca, who alleges that a fraudulent crypto wallet app she downloaded from the Google Play Store led to the complete loss of her savings. The lawsuit, filed in a...

IMF Advocates for Higher Energy Taxes on Crypto Miners and Data Centers to Curb Carbon Emissions

by Theresa Joy Lacatan | Aug 21, 2024 | Blog News, Crypto News

On 15 August, 2024, the International Monetary Fund (IMF) published a blog proposing significant increases in energy taxes aimed at crypto miners and artificial intelligence data centers, suggesting that such measures could play a crucial role in reducing global...

Goldman Sachs Embraces Bitcoin ETFs Despite Previous Scepticism; Hedge Funds Bullish on Crypto Miners

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

On 15 August, 2024, Goldman Sachs made headlines by disclosing significant investments in Bitcoin exchange-traded funds (ETFs) in its quarterly 13F filing, signaling a notable shift in the bank’s approach to cryptocurrency. Once a vocal skeptic of digital...