Cryptocurrency

Insurers Are Denying Coverage to Crypto Firms Linked to FTX

27/12/2022

When coverage is provided, it is becoming more pricey and contains broad policy exclusions that would deny any FTX-related claims.

Trading & Investment

Shanghai Bourse Opens New Portal to Facilitate New Listings

27/12/2022

The new portal provides inquiry services, listing assessment services, policy regulatory and information, and training for companies seeking an IPO.

Trading & Investment

Thai SEC Launches New Mutual Fund Comparison Tool

27/12/2022

The SEC began developing the “SEC Fund Check” application in Q2 2019. A separate application called “SEC Bond Check” is also under development.

Fraud, Scams & Cybercrime

HK Police Arrest Two Men Over Halted Crypto Exchange AAX

26/12/2022

Police say the two men falsely claimed AAX was undergoing “scheduled maintenance” to suspend user withdrawals. A third individual is said to be on the run.

Structural Regulation

APRA Grants Full ADI Licence to Alex Bank

26/12/2022

The full ADI licence was granted 18 months after Alex Bank received its restricted ADI licence in July 2021.

Alternative Markets

Bursa Malaysia to Develop New Debt Fundraising Platform

26/12/2022

The platform will allow investment in small to mid-sized companies through investment notes with credit and ESG ratings.

PEPs & Sanctions

EU Facing Legal Challenge Over Anti-Russia Sanctions

26/12/2022

One company and 61 individuals are seeking to challenge what they view as a violation of their rights, and the freezing of their assets by EU authorities.

Trading & Investment

Guangzhou Futures Exchange Launches Silicon Derivatives

23/12/2022

GFEX is the world’s first exchange to trade silicon derivatives. This is also the exchange’s first product launch.

Structural Regulation

Australia Reverses Restrictions on Litigation Funders

23/12/2022

Litigation funding arrangements are once again exempt from the managed investment scheme and AFS licensing regimes in the Corporations Act.