Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Crypto / Digital Assets
Korean Lawmakers Propose Revision Bill to Postpone Crypto Tax
17/07/2024
The financial investment income tax, which would impose a 20-25% capital gains tax on stock, bond and fund investments, is also expected to be abolished or postponed.
Market Infrastructure
UK FCA Finalises Guidance for New Derivatives Reporting Framework
17/07/2024
The FCA finalised Q&As and validation rules to support implementation of the new framework from 30 September 2024.
Market Infrastructure
IAIS Launched Final Public Consultation on Climate Risk
16/07/2024
The fourth and final consultation includes proposed new supporting material to better reflect climate-related risk as part of effective supervisory practice.
Securities / Derivatives
HKEX to Launch ID-based Self-Match Prevention Service on 22 July
16/07/2024
The new “ID-based SMP” service will be available in the derivatives market from 22 July. An optional connectivity test will be provided on 20 July.
Fintech / Regtech
China Issues New Marketing Guidelines for Online Loans
16/07/2024
NIFA calls on FIs and third-party internet platforms to standardise their online loan marketing activities and abide by 19 measures set out in the guidelines.
Fintech / Regtech
Korea, Indonesia Sign Cross-border Payments MoU
16/07/2024
The MOU will support the implementation of cheaper, faster, more inclusive, and more transparent cross-border payments between the two countries.
Securities / Derivatives
Chinese Commodity Exchanges Lower Hedging Transaction Fees
16/07/2024
The SHFE and INE will halve their hedging transaction fees from 22 July, while the DCE will do so from 1 August.
Crypto / Digital Assets
World Bank Paper Explores Interoperability Between CBDC and FPS
16/07/2024
The paper says internal experimentation demonstrated how CBDC systems could interoperate with retail payment systems through an interlinking bridge.
China Calls on FIs to Boost Cross-Border Trade and Investment
16/07/2024
New guidelines from MOFCOM, PBOC, NFRA and SAFE call on FIs to provide greater support for foreign trade and investment activities.
Crypto / Digital Assets
Thai SEC Proposes New Requirements for Crypto Exchanges
16/07/2024
Digital asset exchanges will be required to establish and disclose rules regarding token listing, delisting, trading, clearing, settlement, and market making.
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