Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
ESG / Sustainability
Biden Blocks Anti-ESG Bill; Texas to Divest from HSBC
23/03/2023
HSBC was added to a list that will requires state governmental entities in Texas to divest from all of the bank’s publicly traded securities within 360 days.
Crypto / Digital Assets
Eurex to Launch Europe’s First Bitcoin Futures Contract
23/03/2023
The contract, developed in partnership with FTSE Russell and Digital Asset Research, will launch on 17 April 2023.
Securities / Derivatives
SFC Publishes “Quick Reference” Licensing Guides
23/03/2023
The quick reference guides are intended to encourage more family offices and private equity businesses to operate in Hong Kong.
Crypto / Digital Assets
US Authorities Consider Taxing NFTs as Collectibles
23/03/2023
Under the US tax code, collectibles are subject to a 28% capital gains tax rate, compared to 20% for stocks, bonds and cryptocurrencies.
ESG / Sustainability
Malaysia to Launch Sustainability Reporting Platform in April
23/03/2023
UMW Corp and Maybank will be early adopters of the platform, which was developed by Bursa Malaysia in collaboration with LSEG.
Enforcement
US SEC Simultaneously Charges Crypto Founder, Eight Celebrities
23/03/2023
Tron founder Justin Sun sold unregistered securities to US investors, manipulated TRX and BTT markets, and paid celebrities to tout the offerings without disclosing their compensation.
Sanctions
US, UK, EU and Australia Target Iran With New Sanctions
22/03/2023
The sanctions were imposed for human rights abuses and violations as well as the production and supply of drones to Russia.
Crypto / Digital Assets
Stablecoin Reserves Should be Held at Central Banks: Circle
22/03/2023
Circle is seeking to be able to hold USD reserves with the Fed rather than with various financial partners. In the long run, a wholesale CBDC could be used.
Enforcement
Australia Jails Lawyer for 12 Years in Tax Fraud Case
22/03/2023
The lawyer allowed proceeds of crime to be received and transferred out of his legal practice’s trust account.
Korea Launches New Loan Facility for Vulnerable Borrowers
22/03/2023
The FSC said the new loan facility is being introduced to protect borrowers from illegal private finance and predatory lending.
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