The Monetary Authority of Singapore (MAS) has required crypto exchanges to extend the placement of client funds in trusts until the end of the year. They have continued a special protection programme that has been in place since the FTX debacle. The authorities also want to consider banning retail lending

The Commission has sued William Koo Ichioka in the Northern District of California. The regulator accuses the American for embezzling $21 million of investors' money. The defendant, according to the CFTC, introduced himself as a cryptocurrency and forex trader, using funds of depositors at his discretion, paying out profits

Crypto exchanges in Japan are seeking to ease restrictions on margin trading, Bloomberg writes. At issue is an increase in leverage from 2x to 4x or 10x. The industry representatives will submit a corresponding request to the Financial Services Agency of Japan next month.