Ethereum Exchange-Traded Funds Set to Launch Amid Market Optimism and Speculation

by Theresa Joy Lacatan | Jul 24, 2024 | Blog News, Crypto News

The much-anticipated launch of Ethereum exchange-traded funds (ETFs) in the United States will take place tomorrow, following the Securities and Exchange Commission’s (SEC) final approval for trading on July 22, 2024. This event marks the introduction of...

Japanese Crypto Industry Urges Government for Immediate Tax Reforms

by Theresa Joy Lacatan | Jul 23, 2024 | Blog News, Crypto News

On July 19, 2024, the Japan Blockchain Association (JBA), an influential body representing leading Japanese crypto exchanges and blockchain companies, formally petitioned the government to implement significant tax reforms related to cryptocurrencies. The JBA aims for...

SEC Launches Interagency Securities Council to Bolster Enforcement Coordination Across Federal, State, and Local Agencies

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

The Securities and Exchange Commission (SEC) announced on July 19, 2024, the launch of the Interagency Securities Council (ISC) to enhance collaboration and enforcement efforts among federal, state, and local regulatory and law enforcement agencies. The ISC, which...

MAS Addresses Global IT Outage, Ensures Smooth Financial Operations

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

The Monetary Authority of Singapore (MAS) today, 19 July 2024, acknowledged a global outage impacting IT systems of various organizations worldwide, including those in Singapore. Despite this disruption, the Singapore Dollar (SGD) money market and foreign exchange...

MAS Commits Up to S$100 Million to Boost Quantum and AI Capabilities in Financial Sector

by Theresa Joy Lacatan | Jul 22, 2024 | AI News, Blog News

The Monetary Authority of Singapore (MAS) announced on 18 July 2024 a substantial commitment of S$100 million under the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0) to enhance quantum and artificial intelligence (AI) capabilities within the...

IRS Enhances Identity Authentication Process for FATCA Registration

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

On 17 July 2024, the Internal Revenue Service (IRS) announced that it will enhance the identity authentication process for financial institutions registering under the Foreign Account Tax Compliance Act (FATCA). Effective 14 July 2024, taxpayers must sign in or...