Cryptocurrency

Nomura to Establish New Subsidiary Dedicated to Digital Assets

18/05/2022

The new subsidiary will combine digital asset services under a single entity that will have about 100 staff by end-2024.

Stablecoins

Korea Regulators Probe Crypto Industry Over Terra Collapse

18/05/2022

Korean crypto exchanges have been asked to share their data on UST and LUNA transactions including and the number of affected investors.

Trading & Investment

NSE Launches First SGX Connect Product at GIFT City

18/05/2022

NSE IFSC-SGX Connect is expected to go fully live in July 2022, with the onboarding of SGX members.

Fraud, Scams & Cybercrime

Allianz to Pay $6bn to Settle Investor Fraud Cases

18/05/2022

Allianz Global Investors admitted that it violated the federal securities laws, and is disqualified from providing advisory services to US funds for ten years.

Sustainable Finance

Tokyo Bourse to Pilot Carbon Market in September

17/05/2022

The TSE has been commissioned to develop Japan’s first carbon credits market. Full-scale operations will be launched in FY2023-2024.

Anti-Money Laundering

US Treasury Outlines Plans to Combat Illicit Finance

17/05/2022

Treasury highlighted efforts to address illicit finance risks associated with shell companies, all-cash real estate purchases, and virtual assets.

Cryptocurrency

South Korea to Enact ‘Digital Assets Basic Act’ in 2023

17/05/2022

More banks will be able to offer services to crypto investors. The Bank of Korea Act will be revised to allow CBDC introduction.

Clearing & Post-Trade

HKEX Sets 13 June Launch Date for New VaR Platform

17/05/2022

The VaR Platform will replace the existing flat-rate model for calculation of margin and HKSCC Default Fund contributions.

Anti-Money Laundering

NSW Ministers Working on New AML Laws – Report

17/05/2022

The NSW attorney general and police minister are working on new laws to tackle unexplained wealth and organised crime.