Crypto / Digital Assets

SFC Grants Licence Upgrade Allowing Tiger Brokers to Offer Crypto

26/01/2024

Tiger Brokers said it is one of the first mainstream online brokerage firms in Hong Kong to receive approval for such a licence upgrade.

Fintech / Regtech

US Fintech EquiLend Suffers Ransomware Attack

26/01/2024

Ransomware gang LockBit claimed responsibility for the attack, which has forced Wall Street banks to manual processing of certain securities lending transactions.

Crypto / Digital Assets

Value Partners, VSFG Partnering to Launch Spot Bitcoin ETF

24/01/2024

Value Partners Hong Kong and Venture Smart Financial Holdings have signed an MoU to collaborate on the launch of a spot Bitcoin ETF in Hong Kong this year.

Securities / Derivatives

US SEC Adopts Rules to Enhance Protections for SPAC Investors

24/01/2024

The new rules will help address information asymmetries, misleading information, and conflicts of interest in SPAC and de-SPAC transactions.

Market Infrastructure

Hong Kong, Saudi Arabia Agree to Deepen Financial Market Connectivity

24/01/2024

The MoU covers collaboration to support capital market connectivity, conduct joint research, and enhance cross-border investments, among other areas.

Securities / Derivatives

Philippine SEC Propose to Lower Stockbroker Commission Rates

24/01/2024

The minimum PHP 20 currently charged by stock brokers per transaction was set 50 years ago in 1973.

Crypto / Digital Assets

US SEC Confirms “SIM Swap” Attack as Cause of Social Media Hack

24/01/2024

The SEC said an employee’s phone was targeted in a “SIM swap” attack through the agency’s telecom carrier, after multifactor authentication was left disabled since last July.

AML / KYC

Australia Scraps Golden Visa Programme in Immigration Overhaul

24/01/2024

The programme is being scrapped after the government found it was “delivering poor economic outcomes” and had failed to meet its core objectives.

Securities / Derivatives

Chinese Premier Calls for More “Forceful” Measures to Stabilise Stock Market

23/01/2024

Premier Li Qiang emphasised the need to enhance the quality and investment value of listed companies and persuade more medium and long-term funds to invest in stocks.