Crypto / Digital Assets

HSBC to Launch Tokenisation Platform for Digital Bond Issuance

09/11/2022

HSBC said the European Investment Bank is exploring using the platform to issue the market’s first-ever GBP tokenised bond.

Crypto / Digital Assets

Philippines: Union Bank Starts Offering Crypto Services

09/11/2022

Union Bank’s digital asset platform, developed by Swiss firm Metaco, went live last week, offering trading in bitcoin and ether.

Capital / Liquidity

Binance Signs Non-Binding Agreement to Acquire Rival FTX

09/11/2022

The non-binding agreement comes amid a liquidity crunch at FTX, prompted by $6bn of withdrawals in the 72 hours before Tuesday morning.

China Urges Private Investment Participation in National Projects

09/11/2022

The NDRC said it would improve the policy environment to stimulate private investment in major projects aligned with national strategies.

AML / KYC

New Zealand DIA Issues Warning to BNPL Provider Openpay

09/11/2022

Openpay failed to establish, implement, and maintain an AML/CFT programme and to adequately monitor accounts and transactions.

Enforcement

SFC Fines Asset Manager Over Discretionary Trading Controls

09/11/2022

Internal control failures were identified after a client complained that discretionary options trades fell outside the scope of the mandate.

Fintech / Regtech

New Zealand to Propose Regulatory Framework for BNPL

08/11/2022

BNPL providers will be required to conduct affordability checks on customers above a proposed value of NZD 600.

AML / KYC

GLEIF Unveils Free Tool to Automate ELF Code Assignment

08/11/2022

The machine learning tool can extract the legal form from unstructured text and automate the assignment of entity legal form codes.

Crypto / Digital Assets

Thai SEC: Revised IT Security Rules to Take Effect in July 2023

08/11/2022

The SEC has strengthened the obligations of capital markets and digital assets firms to supervise and manage the risks to their IT systems.