Crypto / Digital Assets

US SEC Warns Crypto Firm Uniswap of Impending Lawsuit

11/04/2024

Uniswap said it received a Wells notice from the SEC focusing on whether the tokens it offers are securities, which the company denies.

ESG / Sustainability

China Issues New Guidelines to Boost Green Development

11/04/2024

Authorities will introduce carbon accounting standards for FIs, expand the scope of entities that can trade the carbon market, and increase credit support for green projects.

Market Infrastructure

US CHIPS Network Completes Migration to ISO 20022

11/04/2024

The CHIPS network, operated by The Clearing House, has become the first high-value payment system in the US to adopt ISO 20022.

Securities / Derivatives

China Launches New Repo Clearing Service for Interbank Market

11/04/2024

The National Interbank Funding Center and Shanghai Clearing House launched a new general repo clearing service for the interbank bond market.

Market Infrastructure

EU Seeks to Coordinate T+1 Transition with UK, Switzerland

11/04/2024

The European T+1 Industry Task Force said alignment will reduce the complexity for multi-jurisdictional firms and minimise scoping issues.

Japan Attempts to Tackle Investment Scam Ads on Social Media

11/04/2024

A bill has been submitted to the Diet to implement requirements for social media platform operators to take action against false advertisements.

Fintech / Regtech

Chinese Authorities Issue New Directions to Enhance Payment Services

11/04/2024

The new measures require certain hotels and tourist attractions to accept domestic and overseas bank cards and cash, and offer foreign exchange services.

Securities / Derivatives

US Treasury Proposes Rules for New Stock Buyback Excise Tax

10/04/2024

Corporations that undertake stock buybacks will have to pay a 1% excise tax on the fair market value of net repurchased shares during a tax year.

AML / KYC

Taiwan FSC Calls for Greater Use of Technology to Combat Fraud

10/04/2024

The FSC brought together government agencies as well as the financial, telecommunications, and technology industries to discuss anti-fraud measures.