Cryptocurrency

Thai SEC Proposes to Ban Crypto Lending, Staking Services

18/09/2022

A minimum investment amount is also proposed for each digital asset transaction.  Meanwhile, the SEC is considering allowing asset managers to set up digital asset funds.

Sustainable Finance

New Zealand to Issue First Sovereign Green Bonds This Year

18/09/2022

New Zealand’s Treasury has appointed BNZ and Deutsche Bank (Sydney) as joint structuring advisors to help establish the sovereign green bond programme.

DeFi & Web3

BIS, HKMA to Explore Use of DeFi Tools for SME Finance

18/09/2022

Project Dynamo will study whether and how DeFi tools such as blockchain and smart contracts can improve access to finance for SMEs.

Trading & Investment

CSRC Approves First Batch of Shanghai STAR Market Makers

18/09/2022

The first batch of market makers includes Huatai Securities, Guosen Securities, Orient Securities and China Securities.

Conduct, Culture & Accountability

SEBI Issues Directions on Circulation of Market Rumours

18/09/2022

Intermediaries are required to prevent rumours and unverified information from being circulated via blogs, chat forums, and messenger sites.

PEPs & Sanctions

OFAC Issues Guidance on Transacting With Tornado Cash

18/09/2022

US persons may request a specific licence from OFAC to complete transactions involving sanctioned crypto mixer Tornado Cash.

Anti-Money Laundering

Bangladesh Considers Introducing Market-based FX Rates

18/09/2022

Recent rate fixing is called “discriminatory” against exporters. A new legal framework is being set out to facilitate the confiscation of unreported offshore assets.

Anti-Money Laundering

Puerto Rico Authority Agrees on Liquidation of Euro Pacific Bank

17/09/2022

Euro Pacific Bank customers will recoup 100 percent of their deposits. Several hundred investigations are still underway globally over whether the bank was used for tax evasion.

Trading & Investment

BSP Amends Rules for Unit Investment Trust Funds

17/09/2022

Trust entities seeking to create certain types of unit investment trust funds for the first time will be required to secure BSP approval.