Fintech / Regtech

New Network Launches to Facilitate Stablecoin, CBDC Transfers

27/01/2023

Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.

AML / KYC

Crypto Exchange Coinbase Fined in the Netherlands

26/01/2023

The DNB said Coinbase was offering services to Dutch users before it was formally registered as required by local laws.

Crypto / Digital Assets

US SEC Charges Man for Crypto Token Manipulation Scheme

26/01/2023

The SEC said Avraham Eisenberg orchestrated an attack on Mango Markets. He also faces criminal and civil charges brought by the DOJ and CFTC.

ESG / Sustainability

India Issues First Ever Sovereign Green Bonds

26/01/2023

India raised almost $1bn that it will use for investments in renewable energy and climate change adaptation, among other areas.

AML / KYC

UK FCA Offers Guidance on Crypto Business Registration

26/01/2023

The guidance draws from over 300 applications received by the FCA to date, to help crypto firms prepare their applications for registration.

Market Infrastructure

ESMA, FCA Agree MoU to Support Benchmark Recognition

26/01/2023

The MoU establishes cooperation arrangements and enables ESMA to start recognising benchmarks administrators from the UK.

ESG / Sustainability

ECB Publishes Climate-related Statistical Indicators

26/01/2023

The indicators are a first step to help narrow the climate data gap, said ECB executive board member Isabel Schnabel.

Enforcement

Australia: Tax Practitioners Board Bans Ex-PwC Partner for Two Years

26/01/2023

Former PwC tax partner Peter-John Collins leaked information about confidential tax reforms being proposed at the time.

Enforcement

Taiwan Fines Foxconn Over Unapproved China Investment

26/01/2023

A Foxconn subsidiary acquired a stake in China’s Tsinghua Unigroup in July last year, without seeking regulatory approval.