Crypto / Digital Assets

Malaysia’s Fusang Exchange Issues First Institutional Tokenised Sukuk

01/11/2023

The digital sukuk is os structured as a depositary receipt, backed by a sukuk issued by the International Islamic Liquidity Management Corp.

Sanctions

US, UK, Canada Announce New Myanmar Sanctions

01/11/2023

OFAC restricts financing to Myanma Oil and Gas Enterprise (MOGE), as UK and Canada add new names to asset freeze lists.

Crypto / Digital Assets

UK Confirms Plans to Implement New Rules for Crypto, Stablecoin

31/10/2023

Treasury says the government aims to have legislation for the new regime before Parliament in 2024.

Fintech / Regtech

Citi to Provide GenAI Tools to 40,000 Coders Across the Bank

31/10/2023

Citi used generative AI to analyse 1,089 pages of new capital rules proposed by US regulators in July. Over 350 other use cases have been proposed.

ESG / Sustainability

HKEX Signs MoU with Shenzhen’s CEEX to Develop GBA Carbon Markets

31/10/2023

HKEX and CEEX Shenzhen will jointly explore opportunities in cross-border carbon market connectivity and climate finance.

AML / KYC

Japan Joins US in Sanctioning Hamas Fundraisers

31/10/2023

Japan announces sanctions on nine individuals and one company following US Treasury action earlier this month.

Fintech / Regtech

G7 Nations Agree on Code of Conduct for AI Systems

31/10/2023

The code of conduct for AI developers seeks to promote the development of “secure and trustworthy” AI systems internationally.

Securities / Derivatives

China Tweaks Rules to Boost Stock Investments by State-owned Insurers

31/10/2023

China’s MOF has adjusted its method for evaluating state-owned insurers to boost their appetite for equity investment.

Fintech / Regtech

BondbloX Opens Fractional Bond Trading Platform to Individual Investors

31/10/2023

Until now, only accredited and institutional investors have been allowed to access the BondbloX Bond Exchange platform.