AML / KYC

G7 to Downgrade Russia Trade Status, Close Sanctions Loopholes

13/03/2022

US bans more Russian trade. G7 pledges to close national-level loopholes that could enable sanctions evasion via crypto-assets, among other commitments.

Fintech / Regtech

Japan Crypto Industry Set to Adopt Travel Rule

13/03/2022

The travel rule will increase transparency on the individuals and entities crypto exchanges deal with, as the government seeks to prevent sanctions evasion.

Fintech / Regtech

Paxos, Sygnum to Offer Digital Asset Services in Singapore

11/03/2022

Paxos will gain a DPT licence under the Payment Services Act. Sygnum will provide fund unit tokenisation and securitise NFTs and metaverse assets.

Securities / Derivatives

SEBI Raises Limit for Debt Investments via UPI Mechanism

11/03/2022

The limit for investments in debt securities via the UPI mechanism is being increased from INR 200,000 to INR 500,000, effective 1 May 2022.

Market Infrastructure

UPDATED – US LIBOR Legislation Advances in Omnibus Bill

11/03/2022

The bill is based on legislation that passed the House in December, and is similar to a law enacted by New York state and others in the past year.

Market Infrastructure

HKEX to Launch Derivatives Holiday Trading on 9 May

11/03/2022

The first suite of products to be added to Derivatives Holiday Trading will be all MSCI futures and options contracts.

Taiwan FSC Approves Relaxations on OBU Account Use

10/03/2022

Companies are given greater flexibility to open and use offshore banking unit accounts held with domestic banks to take out foreign currency loans.

Securities / Derivatives

ASX Proposes New Fee Model for Issuer Services

10/03/2022

The new fee model is intended to be simpler and provide greater certainty to issuers about ASX charges for issuer services.

Sanctions

China Widens Trading Band for Yuan-Ruble Currency Pair

10/03/2022

The existing 5 percent trading band around a daily midpoint set by the PBOC is making it difficult to price the exchange rate amid heightened ruble volatility.