Cryptocurrency

Japan Prepares to Relax Crypto Taxation Policies

08/12/2023

The reforms will allow corporations to hold crypto assets without being taxed on unrealised gains at the end of each year.

PEPs & Sanctions

US and UK Sanction Russians Tied to Election Hacking

08/12/2023

The individuals are accused of targeting UK politicians and think tanks, among others, in a long-running spear-phishing campaign on behalf of Russia’s  Federal Security Service.

Trading & Investment

China Proposes Rule Update to Enhance National Social Security Fund

08/12/2023

The National Social Security Fund will be able to invest in more types of assets, to improve flexibility and boost China’s capital market.

Market Data & Technology

DSB Forms New Advisory Committee for ISIN, UPI Services

07/12/2023

The new committee will provide recommendations on governance matters related to the ISIN and UPI Services.

Anti-Money Laundering

US Authorities Secure Guilty Plea from Crypto Founder

07/12/2023

Anatoly Legkodymov pleaded guilty to operating Hong Kong-registered Bitzlato as a money transmitting business that allowed criminals to launder illicit proceeds.

Trading & Investment

Korea FSS Prepares for Fallout from Derivatives Losses

07/12/2023

Banks and brokers are expected to have to compensate investors for losses on HSCEI-linked derivatives when the products mature next year.

Sustainable Finance

EMDE Body on Sustainable Finance Unveiled by China’s IFS

07/12/2023

The new body’s initial 42 members include HSBC, Standard Chartered Bank, Silk Road Fund and the CFA Institute.

CBDCs

Korea & Italy to Cooperate on RTGS Systems & CBDC

07/12/2023

Bank of Korea and Bank of Italy will share skills and knowledge and cooperate on technologies that support RTGS systems and CBDC.

Stablecoins

SocGen Becomes First Major Bank to List Stablecoin

07/12/2023

The euro-pegged stablecoin was listed on crypto exchange Bitstamp, which has licences in Luxembourg and France.