Browsing: financial regulation

Hong Kong joins forces with the University of Hong Kong to develop technology-driven solutions against crypto-related money laundering, amid rising global concerns about digital asset misuse.

Digital financial services have expanded access to banking and payments, but regulators face challenges in maintaining efficient oversight. Modern technologies like Supervisory Technology (SupTech) and cloud services can streamline regulatory processes, improve decision-making, and scale oversight capabilities.

The ‘Genius’ bill, backed by the crypto industry, aims to establish rules for stablecoins, a type of digital asset pegged to traditional currencies. Critics warn it could lead to corruption and create ‘too big to fail’ financial institutions.

Apollo Capital demands immediate regulatory action and transparency from MediPharm Labs amid allegations of systemic securities law violations and financial misfeasance

Former U.S. Securities and Exchange Commission official John Reed believes the SEC’s crypto enforcement is essentially over with the new administration.

The European Securities and Markets Authority (ESMA) has released guidelines under the Markets in Crypto-Assets Regulation (MiCA) focusing on suitability requirements for crypto-asset services and the format of periodic statements for portfolio management.

The STABLE Act, a stablecoin bill, has moved forward in the House Financial Services Committee, sparking debate about the potential for Big Tech companies to create their own forms of currency.