Fintech / Regtech

China Appoints Ex-Telecom Exec to Head Up New Data Regulator

31/07/2023

Liu Liehong’s appointment signifies the operational readiness of China’s newly-formed agency, the National Data Bureau.

AML / KYC

India Arrests Four in Bribery Case, Including Ministry Officials

31/07/2023

CBI arrested four individuals, including three Ministry of Corporate Affairs officials, in a bribery case linked to Alok Industries.

Fintech / Regtech

SEC Targets Digital Investment Advisers with Proposed Rule Changes

31/07/2023

The US SEC is seeking to reform Internet adviser registration rules, proposing stricter requirements for digital investment platforms.

Crypto / Digital Assets

Japan Blockchain Association Proposes Reforms to Crypto Tax Regime

31/07/2023

The JBA is seeking the abolishment of the year-end tax on unrealised gains from tokens issued by third parties, among other reforms.

Securities / Derivatives

Chinese Firm Set to Stage First US IPO Under New CSRC Rules

31/07/2023

Chinese-based Majestic Ideal Holdings is inching towards becoming the first company to IPO in the US under newly-implemented rules for overseas listings.

Fintech / Regtech

US SEC Proposes New Rules on the Use of Predictive Analytics and AI

31/07/2023

SEC proposes new rules to address conflicts in broker-dealers’ and investment advisers’ use of predictive analytics and AI.

IASB Wraps Up Technical Work on Two New Accounting Standards

31/07/2023

The IASB advances financial reporting transparency with the finalisation of two new IFRS Accounting Standards, poised for a 2024 debut.

AML / KYC

More Officials Under Probe as China Broaden’s Anti Corruption Campaign

31/07/2023

Beijing intensifies anti-corruption efforts, investigating a high-ranking rural banking official and expelling another four senior Communist Party officials.

Market Infrastructure

BOJ Surpises Market With Tweak to Monetary Policy Stance

31/07/2023

The tweak is seen as a small step towards normalisation. Analysts have warned that the BOJ’s monetary policy stance harms the economy and distorts the bond market.