Crypto / Digital Assets

Hong Kong SFC Approves City’s First Real Estate STO

11/09/2023

Tykhe Capital Group will launch “Prince Token”, available only to professional investors. Subject to regulatory approval, the token will list on HKbitEX.

Fintech / Regtech

MAS to Exempt Some Market Operators from ACH/RCH Rules

10/09/2023

The exemption applies to platforms that provide services to facilitate trading and settlement, but don’t actually act as a central counterparty of clear or settle trades centrally.

Crypto / Digital Assets

Fourth Former FTX Executive Pleads Guilty to US Charges

10/09/2023

The former co-chief of FTX Bahamas pleaded guilty to making unlawful political donations and operating an illegal money-transmitting business.

Market Infrastructure

Trade Bodies Call on Policymakers to Scrap EU Clearing Proposal

10/09/2023

A proposed requirement for market participants to hold active accounts at EU CCPs will be detrimental to EU capital markets, the trade bodies say.

AML / KYC

Taiwan Digital Ministry Announces New Anti-Fraud Measures

09/09/2023

The plan targets the e-commerce, third-party payments, and electronic game industries. Lawmakers say the plan does not meet expectations.

AML / KYC

Former CBIRC Official Expelled from CCP for Corruption

08/09/2023

Zhang Yansen interfered in personnel arrangements of financial institutions, accepted bribes and used his influence inappropriately.

Securities / Derivatives

CSRC Proposes Rule Revisions for Corporate Bond Issuance

08/09/2023

Land and environmental impact assessments must be provided if the funds raised from bonds are invested in fixed asset investment projects.

ESG / Sustainability

NGFS Publishes Conceptual Framework for Nature Risk

08/09/2023

The framework provides a common language to the financial system and guides action by central banks and financial supervisors.

Enforcement

US, UK Jointly Sanction Trickbot Ransomware Actors

08/09/2023

The US and UK sanctioned 11 members of the Russia-based cybercrime gang. The DOJ unsealed indictments against 9 individuals, including 7 of the sanctions targets.