Stablecoins

US SEC Fines Unit of Jump Trading Over TerraUSD Collapse

21/12/2024

The SEC said Tai Mo Shan Limited deceived the market about TerraUSD’s stability while purchasing the stablecoin to restore its peg.

Payments & Settlements

China Expands Cross-border FX Pilot for Multinational Companies

21/12/2024

The pilot programme launched in March 2021 is being extended to more provinces and the policies are being further streamlined.

Payments & Settlements

Indonesia Launches NFC-based QRIS Tap Payments Trial

20/12/2024

The trial commenced to test contactless QRIS payments on transportation modes in Jakarta. Full implementation planned for Q1 2025

PEPs & Sanctions

OFAC Announces Two New Settlements for Sanctions Violations

20/12/2024

An individual US person violated Magnitsky sanctions and a US manufacturer of musical instruments violated Iran sanctions.

Structural Regulation

Australia Launches Tool to Enhance Visibility of Regulatory Change

20/12/2024

Treasurer Jim Chalmers said the Regulatory Initiatives Grid will help improve the sequencing and implementation of reforms

Trading & Investment

Abaxx to Launch Nickel Futures in Singapore on 10 Jan

20/12/2024

The futures contracts are designed to deliver better price discovery and risk management tools for market participants in nickel sulphate.

Structural Regulation

Japan FSA Forms Liaison Council to Promote Earlier Issuance of Annual Reports

20/12/2024

The FSA said the number of listed companies that issue securities reports before their AGMs is still currently limited.

PEPs & Sanctions

US Announced Sanctions Targeting Nord Stream 2 Project

20/12/2024

The sanctions are intended to hinder any efforts to revive the project and limit Russia’s ability to generate energy revenues.

Trading & Investment

CUAM, Azimut to Cooperate on Establishing China-UAE ETF Link

20/12/2024

China Universal Asset Management and Azimut Group will work on launching an ETF Link between the SSE and ADX.