Crypto / Digital Assets

EU Lawmakers Finalise Text of MiCA Legislation – Reports

23/09/2022

Limitations on the use of USD-pegged stablecoins within the EU have been removed. Algorithmic stablecoins and tradeable NFTs could be brought into scope.

Securities / Derivatives

Tokyo, New York Bourses to Promote Cross-border Investment

23/09/2022

The NYSE and TSE will collaborate on product development, marketing, information sharing, and the use of digital technologies in market operations.

Securities / Derivatives

Chinese Officials in Hong Kong to Assist With PCAOB Inspections

23/09/2022

PCAOB inspectors have been in Hong Kong this week to commence audit inspections of US-listed Chinese companies at PwC and KPMG’s offices.

Crypto / Digital Assets

Australian Senator Proposes Bill on Digital Asset Regulation

23/09/2022

The bill would establish rules for crypto exchanges, custody providers stablecoin issuers, and banks facilitating e-CNY transactions.

Securities / Derivatives

Japan to Probe Retail Sales of Structured Products by Banks

22/09/2022

The FSA says many customers who were not sufficiently informed about the products they were buying have complained of “unexpected losses”.

Securities / Derivatives

Korea Planning Reforms to Address Foreign Investor Concerns

22/09/2022

Foreign investors have complained about the current dividend policy, registration requirements, and a lack of corporate filings in English.

Enforcement

New York AG Files Fraud Charges Against Trump & Family

22/09/2022

The lawsuit says Trump falsified his net worth to obtain more favourable loan terms, cheaper insurance coverage, and tax benefits.

Market Infrastructure

HKMA Signals Coming Enhancements to Wealth Connect Scheme

22/09/2022

Enhancements could include measures to improve sales arrangements, expand the product scope, and allow more financial institutions to participate.

Fintech / Regtech

Banks, Tech Firms Propose Payments Pilot Using EU Digital IDs

22/09/2022

European banks and tech firms will show how payments and EU digital ID wallets can be combined across borders and in multiple currencies.