Cryptocurrency trades to be subject to 7 percent value added tax and 15 percent capital gains tax; fintech association chair says move may drive startups overseas.
Public inquiry’s first round of hearings reveals multiple failures at ‘big four’ banks to lend in customers' best interests.
Project Stella phase two study suggests distributed ledger technology offers novel approach for cash settlement of securities, but requires further study.
Foreign investors allowed to participate in China’s futures market for the first time; foreign currencies to be used for margin deposits to facilitate foreign participation.
FSS and KoFIU will check on implementation progress of AML guidelines; examine corporate accounts belonging to crypto exchanges.
Under the enhance cooperation agreement, the FCA and ASIC will speed up cross-market authorisations and testing for innovative businesses.
Proposals include enhanced risk sensitivity and reduced risk weights for standardised approach; eased assessment process for internal models.
Central bank plans adoption of blockchain for interbank settlements, bond issuance; leading banks launch joint initiative on blockchain based letters of credit.
FSC to exempt approved fintechs from regulations, encourage the use of such new technologies including blockchain.
White paper calls for industry collaboration to develop common response and recovery standards and contingencies to mitigate impending attack.