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…
U.S. CFTC Fines Uniswap Labs $175,000 for Illegal Digital Asset Derivatives Trading
Key Insights CFTC fines Uniswap Labs $175,000 for offering illegal digital asset derivatives trading. The case highlights regulatory challenges in…
Australia’s ASIC Revokes FXOpen AU’s Licence Over Compliance Issues
Key Insights ASIC cancels FXOpen AU’s financial services licence due to inadequate resources and compliance failures. The regulator aims to…
Cyprus Regulator Fines IC Markets (EU) €50,000 for Regulatory Breaches
Key Insights CySEC fines IC Markets (EU) Ltd €50,000 for violating Cyprus’ investment services law. Violations include failure in best…
Qatar Financial Centre Unveils Digital Assets Framework
Key Insights Qatar Financial Centre introduces comprehensive “Digital Assets Framework 2024” Framework covers tokenization, property rights, custody, and smart contracts…