Crypto / Digital Assets

SG Court Allows Attaching of Tokenised Freeze Order to Crypto Wallets

24/10/2023

A court-issued freeze order was tokenised as NFTs and attached to wallets linked to a crypto hack.

Securities / Derivatives

CSRC Proposes Measures to Boost Dividend Payouts to Investors

24/10/2023

Listed companies are asked to increase their dividend payout ratios, increase the frequency of dividends, and avoid paying “abnormally high” dividends.

Securities / Derivatives

SEBI Offers Large Corporates Incentives to Issue Bonds

24/10/2023

Large corporates that raise more than 25 percent of their borrowing through debt securities will have to pay lower listing fees and Core SGF contributions.

Securities / Derivatives

China State Fund Buys ETFs to Support Stock Market

24/10/2023

State-controlled Central Huijin Investment did not disclose how much it invested in ETFs. Brokers estimate the amount around CNY 10 billion.

Enforcement

China: Former Stock Exchange Official Facing Bribery Prosecution

24/10/2023

Authorities said the former deputy general manager “still did not restrain himself” after the 19th and 20th National Congress, despite the high-pressure anti-corruption campaign.

Enforcement

Top Kakao Executive Arrested on Stock Manipulation Charges

24/10/2023

The investigation into Kakao and its top executives began in February. The company’s CIO was arrested due to concerns that he may flee or tamper with evidence.

Mizuho to Seek EU Regulatory Approval to Convert to Universal Bank

23/10/2023

Mizuho Financial Group plans to merge its Amsterdam-based banking business and its Frankfurt-based securities business in 2025.

Crypto / Digital Assets

StanChart, Deutsche Complete First UDPN Proof of Concept

23/10/2023

The UDPN messaging system is designed to provide interoperability between stablecoins and CBDCs, similar to how the SWIFT network facilitates bank transactions.

Crypto / Digital Assets

EBA, ESMA Consult on Suitability, Remuneration Under MiCA

23/10/2023

Joint guidelines cover suitability of management, owners and board members of crypto firms and stablecoin issuers. Separate EBA consultation covers remuneration policies.