Australia Grants Licensing Relief for Stablecoin Intermediaries
Key Insights ASIC has granted licensing relief for intermediaries distributing stablecoins issued by licensed entities, easing compliance costs until 2028.…
UK Man Convicted Over £1 Million Ponzi Scheme Targeting Facebook Investors
Key Insights Daniel Pugh was convicted of running a £1 million Ponzi scheme through Imperial Investment Fund, targeting 238 investors…
FINRA Fines TradeStation $85,000 Over Misleading Crypto Communications
Key Insights FINRA fined TradeStation Securities $85,000 for distributing misleading crypto-related communications between July and September 2022. Promotional materials failed…
Cyprus Regulator Settles with Former FTX EU Entity Over Pre-Collapse Violations
Key Insights CySEC fined Trek Labs Europe (formerly FTX EU) €200,000 for possible violations committed before the crypto exchange’s collapse…
UK’s FCA Unveils Proposals for Stablecoin Issuance and Crypto Custody Rules
Key Insights The UK’s FCA has proposed new rules to regulate stablecoin issuance, crypto custody services, and financial resilience of…
Australia’s ASIC Sues Former ACX Director Allan Guo Over Crypto Exchange Collapse
Key Insights ASIC has filed civil penalty proceedings against Allan Guo, former executive of collapsed crypto exchange ACX, over alleged…
FCA Bans Former Credit Suisse VP Detelina Subeva Over $1.3 Billion Mozambique Money Laundering Case
Key Insights The FCA has banned Detelina Subeva, former Credit Suisse vice president, from UK financial services after her US…
UK Unveils Draft Crypto Rules to Foster Innovation and Tackle Fraud
Key Insights The UK government has released draft legislation to regulate crypto exchanges, stablecoin issuers, and address market abuse, admissions,…
Interactive Brokers Hong Kong Fined $4.2 Mln for Client Asset Breaches
Key Insights Hong Kong’s SFC fined Interactive Brokers Hong Kong HK$4.2 million for breaches related to mishandling client assets between…
Cyprus Regulator Issues Guidance on Fractional Share Trading
Key Insights Cyprus Securities and Exchange Commission (CySEC) issues guidance on fractional share trading. Circular addresses trust arrangements for fractional…