Securities / Derivatives

China Proposes Rule Update to Enhance National Social Security Fund

08/12/2023

The National Social Security Fund will be able to invest in more types of assets, to improve flexibility and boost China’s capital market.

Market Infrastructure

DSB Forms New Advisory Committee for ISIN, UPI Services

07/12/2023

The new committee will provide recommendations on governance matters related to the ISIN and UPI Services.

Crypto / Digital Assets

US Authorities Secure Guilty Plea from Crypto Founder

07/12/2023

Anatoly Legkodymov pleaded guilty to operating Hong Kong-registered Bitzlato as a money transmitting business that allowed criminals to launder illicit proceeds.

Enforcement

Korea FSS Prepares for Fallout from Derivatives Losses

07/12/2023

Banks and brokers are expected to have to compensate investors for losses on HSCEI-linked derivatives when the products mature next year.

ESG / Sustainability

EMDE Body on Sustainable Finance Unveiled by China’s IFS

07/12/2023

The new body’s initial 42 members include HSBC, Standard Chartered Bank, Silk Road Fund and the CFA Institute.

Crypto / Digital Assets

Korea & Italy to Cooperate on RTGS Systems & CBDC

07/12/2023

Bank of Korea and Bank of Italy will share skills and knowledge and cooperate on technologies that support RTGS systems and CBDC.

Crypto / Digital Assets

SocGen Becomes First Major Bank to List Stablecoin

07/12/2023

The euro-pegged stablecoin was listed on crypto exchange Bitstamp, which has licences in Luxembourg and France.

Sanctions

Chinese Firms Targeted in Latest Round of UK Russia Sanctions

07/12/2023

UK sanctions 46 individuals and entities, including companies in Belarus, China, Serbia, Turkey the UAE, and Uzbekistan, with links to Russian military sales.

Sanctions

US Targets President’s “Wallets” in Latest Belarus Sanctions

07/12/2023

OFAC sanctions 11 entities and seven individuals accused of supporting Belarusian President Alyaksandr Lukashenka and Russia’s war effort.