Politics, Legal & Regulation

May 1, 2024 @ 4:05 pm By JD Alois  |  

The Securities and Exchange Commission, Office of the Advocate for  Small Business Capital Formation, has posted a report on minotry and women activity in the Reg CF securities crowdfunding sector. Reg CF is one of the exemptions that enables online capital formation as well as… Read More

May 1, 2024 @ 8:02 am By Omar Faridi  |  

The Malta Financial Services Authority (MFSA), through its Financial Supervisors Academy (FSA), recently carried out a session focused on “The Future of Securities Supervision: A 2035 Outlook.” Chaired by MFSA Chief Officer Supervision, Christopher P. Buttigieg, the discussion brought together figures from European Union regulatory… Read More

May 1, 2024 @ 8:00 am By JD Alois  |  

Community Round Ventures says it will create a “naughty list” for firms that raised money using Reg CF (Regulation Crowdfunding) that have not filed their mandated Form C-AR [Annual Report]. Form C-AR is mandated for issuers that use the Reg CF securities exemption. The annual… Read More

April 30, 2024 @ 7:35 pm By Omar Faridi  |  

Pakistan’s Finance Minister Muhammad Aurangzeb recently stated that the nation’s government is looking into integrating digital currency transactions within the Asian country’s financial ecosystem. While addressing attendees at the World Economic Forum (WEF) special meeting held in in Riyadh, Minister Aurangzeb commented on Pakistan‘s efforts… Read More

April 30, 2024 @ 3:46 pm By JD Alois  |  

Roger Ver, aka Bitcoin Jesus, has been charged with tax fraud. According to a statement by the US Department of Justice, Ver was arrested this weekend in Spain. He has been charged with mail fraud, tax evasion and filing false tax returns. Ver had acquired… Read More

April 30, 2024 @ 3:39 pm By JD Alois  |  

Binance founder and former CEO Changpeng Zhao (CZ) was sentenced to four months in prison last November after pleading guilty. Zhao was also required to pay a $50 million penalty. According to WSJ.com, Zhao told the court he was sorry for his behavior and regretted… Read More

April 30, 2024 @ 11:40 am By JD Alois  |  

Earlier this month, Equitise, a securities crowdfunding platform operating in New Zealand and Australia, received an “infringement notice” from the New Zealand Financial Markets Authority (FMA). According to the FMA, Equitise had failed to file its financial statements prior to the deadline, among other concerns about… Read More

April 29, 2024 @ 2:20 pm By JD Alois  |  

Companies that raised money online using Reg CF or Regulation Crowdfunding must file Form C-AR by today (April 29, 2024). Form C-AR references the required filing of the company’s annual report. While there have been thousands of firms that have leveraged the JOBS Act securities… Read More

April 29, 2024 @ 10:20 am By JD Alois  |  

Crypto mixer zkSNACKs and Wasabi Wallet service is now blocking US citizens from using its service. Crypto mixers have gained the ire of the US Department of Treasury, which believes that they are frequently used by bad actors to cover their tracks for nefarious activities…. Read More

April 29, 2024 @ 7:29 am By Omar Faridi  |  

Liz Oakes has been appointed and Carolyn Wilkins has been reappointed as external members of the Financial Policy Committee (FPC), the Chancellor of the Exchequer, Jeremy Hunt, has announced. The Chancellor of the Exchequer, Jeremy Hunt, has appointed Liz Oakes as “an external member of… Read More

April 28, 2024 @ 9:19 pm By Omar Faridi  |  

-AsiaVerify has become the latest addition to Detected’s growing risk, fraud and compliance ecosystem. Detected’s ecosystem sits at the center of its platform, “gathering data as businesses complete onboarding.” The information collected builds a company profile, “the single source of truth, which is hosted within… Read More

April 28, 2024 @ 8:10 pm By Omar Faridi  |  

Blockchain Association (BA) and the Crypto Freedom Alliance of Texas (CFAT) filed a lawsuit against the Securities and Exchange Commission (SEC) in the Northern District of Texas that challenges the SEC’s misguided attacks on the U.S. digital asset industry and the Commission’s arbitrary and capricious… Read More

April 28, 2024 @ 12:06 pm By Omar Faridi  |  

More than 220 central bankers and banking supervisors representing over 90 different jurisdictions met on 24–25 April, 2024 in Basel for the 23rd International Conference of Banking Supervisors (ICBS). The ICBS included a program to mark the 50th year of the Basel Committee on Banking… Read More

April 26, 2024 @ 5:13 pm By Michael Wong  |  

The UK government has granted new powers to the National Crime Agency (NCA) and police forces, effective today, to seize, freeze, and destroy cryptoassets involved in criminal activities, Irish Legal News has reported. This regulatory update addresses the increasing exploitation of cryptocurrencies by criminals, including… Read More

April 26, 2024 @ 5:09 pm By Omar Faridi  |  

Consensys is reportedly suing the US Securities and Exchange Commission (SEC) in an attempt to defend the Ethereum ecosystem. Joe Lubin, Co-founder of Ethereum and Founder/CEO of Consensys, notes in a blog post that ConsenSys “took an important step towards preserving access to the Ethereum… Read More

April 26, 2024 @ 5:03 pm By Tony Zerucha  |  

This week doxo, a Fintech providing bill-paying services, railed against a lawsuit filed by the U.S Federal Trade Commission,  saying the complaint “indicates a fundamental misunderstanding of the existing bill-pay market and the structural inefficiencies that work against consumers.” In a release, doxo said the… Read More

April 26, 2024 @ 9:01 am By Omar Faridi  |  

Ahead of the anti-greenwashing rule coming into force on 31 May, the UK’s Financial Conduct Authority (FCA) is supporting industry with guidance to help them meet the standard. The new rule is designed to protect consumers “by ensuring sustainable products and services they are sold… Read More

April 26, 2024 @ 8:43 am By Omar Faridi  |  

The Federal Trade Commission is taking action against bill payment company Doxo and two of its co-founders, charging that the company allegedly “uses misleading search ads to impersonate consumers’ billers and deceptive design practices to mislead consumers about millions of dollars in junk fees they… Read More

April 26, 2024 @ 7:50 am By Michael Wong  |  

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee (SBCFAC) is set to convene on Monday, May 6, 2024, to discuss key topics in small business financing, including the state of Regulation Crowdfunding (Reg CF) and trends in angel investing. The meeting, accessible… Read More

April 25, 2024 @ 4:13 pm By Omar Faridi  |  

Commenting on the UK Financial Conduct Authority (FCA)’s strategic approach to the use of Artificial Intelligence in the UK financial services sector, Karim Haji, global and UK head of financial services at KPMG, said: “It’s hard to overstate the potential capabilities of AI for a… Read More