Cryptocurrency exchange Bitget announced its registration as a financial services provider on New Zealand's FSPR, enabling it to offer services like foreign currency exchange and money transfers. However, the registration was not visible on the FSPR registry at the time of writing.
White House officials stated they haven't received names from Senate Democrats for SEC and CFTC commissioner posts, despite requests. This comes amid concerns over understaffed financial regulators and pending crypto market structure legislation.
South Korea's financial regulator chairman pledged to enhance efforts against stock manipulation and unfair trading. A joint task force, established a year ago, has detected 10 cases, including one involving journalists, and will be expanded with greater powers.
UK financial regulator FCA found major banks are failing vulnerable customers, including the homeless, by pushing them towards unsuitable online applications instead of basic bank accounts. Nine institutions have agreed to improve access.
South Korea's financial regulator, Lee Chan-jin, warned Tuesday that excessive leveraged stock investments could harm household finances, urging retail investors to avoid excessive risk amid a stock rally.
South Korea's financial regulator announced the National Growth Fund will finance the emerging physical AI sector, with LS Cable & System Ltd. named as the first investment. The fund aims to nurture strategic industries like AI, bio, and semiconductors.
The UK's Financial Conduct Authority (FCA) has released its comprehensive crypto regulatory framework, introducing mandatory licensing, capital stress-testing, and enhanced rules against market manipulation and insider trading for crypto firms. The regime aims to bring digital assets under similar standards as other financial services, with a licensing window opening in September and the full framework going live in October 2027.
Ripple has received preliminary approval as a Crypto-Asset Service Provider from Luxembourg’s CSSF via a conditional Green Light Letter. Combined with its February EMI license, the approvals position the company inside the MiCA framework for passporting across the EEA ahead of the July 1 full authorization deadline.
China's National People's Congress removed six senior military officers and two political figures, including former Politburo member Ma Xingrui and ex-financial regulator Li Yunze, from their lawmaker positions. This action is seen as part of President Xi Jinping's ongoing anti-corruption campaign targeting the country's establishment.
China's National People's Congress Standing Committee removed 13 legislators, including military commanders and former financial regulator Xiao Jie and ex-Xinjiang party chief Chen Quanguo. General Xu Xueqiang missed a key meeting, while Lt. Gen. Wang Kangping was passed over for promotion.
Australia's financial regulator, ASIC, has extended the deadline for digital asset businesses to apply for Australian Financial Services licenses until September 30, 2024. This temporary enforcement relief also expands to cover firms operating through authorized representatives, following updated guidance and ahead of a new Digital Asset Framework in 2027.
Singapore's central bank, MAS, added decentralized exchange Hyperliquid to its Investor Alert List, identifying it as an entity not licensed or regulated by MAS, as the city-state continues to tighten its cryptocurrency oversight and consumer protection measures.
Indonesia's financial regulator now requires influencers recommending digital assets to obtain competency certifications, expanding oversight of financial promotions on social media.
South Korea's financial regulator will require all listed firms to disclose treasury stock details starting June 30, following a revision to the Commercial Act. Firms must cancel treasury stocks within a year of purchase and retire existing ones within 18 months.
South Korea's financial regulator will create a roadmap by October for adopting a T+1 stock settlement system, shortening the current T+2 period to boost market efficiency. The Korea Exchange will also extend trading hours, introducing after-hours trading in September.
Keir Starmer resigns as UK PM, triggering a Labour leadership contest. Andy Burnham emerges as the favorite, viewed by crypto executives as more receptive to digital assets. The transition occurs as the UK finalizes significant financial regulatory frameworks, with the next PM inheriting this process.
The CFTC appointed Donald Battle, an expert in blockchain forensics and AI, as its new Chief Data Innovation Officer. This move signals a stronger regulatory focus on crypto and digital assets, coinciding with congressional efforts to reform digital asset market structures.
The CFTC appointed Donald Battle, an expert in blockchain forensics and AI, as its new Chief Data Innovation Officer. This move signals a stronger regulatory focus on crypto and digital assets, coinciding with congressional efforts to reform digital asset market structure.
The FCA is seeking an injunction against Neil Woodford and W4.0 for allegedly providing unauthorised investment advice via a subscription-based platform, following a year after announcing plans to ban Woodford from the City due to the collapse of his £10bn equity fund in 2019.
South Korea's Financial Services Commission plans to launch an AI-based insurance fraud prevention system by September to combat sophisticated fraud, including deepfake technology. The system aims to detect both known and emerging fraud cases, following the detection of 1.15 trillion won in fraud last year.
The UK's Financial Conduct Authority (FCA) has warned football clubs, including Premier League teams, against sponsorship deals with unauthorized crypto and trading firms, citing risks to fans and potential legal liabilities for clubs.
The CFTC, led by Commissioner Michael Selig, has signed a memorandum of understanding with the NHL to safeguard prediction markets from fraud and insider trading. This follows a similar agreement with MLB and ongoing regulatory actions by the CFTC.
US President Donald Trump signs executive order to review barriers to fintech innovation and access to banking partnerships and payment rails.
China's National Financial Regulatory Administration (NFRA) issued a notice on May 19th detailing efforts to support small and private enterprises in 2026. The notice emphasizes stable credit supply, optimized loan structures, improved service quality, and sustainable development to boost economic growth and innovation.
