Cryptocurrency

Japanese Crypto Industry Bodies Call for Tax Reforms

11/08/2022

The JCBA and JVCEA are asking for income from crypto-asset transactions to be taxed separately at a rate of 20 percent, rather than together with other income.

Conduct, Culture & Accountability

ASIC Identifies Complaints Handling Deficiencies at Super Funds

11/08/2022

ASIC discovered issues with complaints recording, response timeframes, failures to inform complainants of delays, and process failures.

Cryptocurrency

MAS Rescinds IPA Granted to Crypto Lender Hodlnaut

11/08/2022

Hodlnaut froze withdrawals, token swaps and deposits on its platform on Monday to focus on stabilising its liquidity and preserving assets.

Reporting & Disclosures

JPXI to Launch Platform For Listed Company ESG Disclosures

11/08/2022

ESG-related information disclosed on each company’s website for the most recent three months will be displayed on the portal.

Capital Adequacy

APRA Finalises Reporting Standards for New Bank Capital Framework

11/08/2022

To maximise the time available for entities to develop reporting solutions, the APRA Connect external test environment will be made available in early September.

CBDCs

HKMA, InvestHK Invite Firms to Showcase CBDC Solutions

11/08/2022

A CBDC track has been added to Global Fast Track 2022. Banks, fintechs and tech firms are asked to submit innovative solutions in eight focus areas.

Anti-Money Laundering

Former BitMEX Exec to Pay Fine for Violating AML Law

11/08/2022

The US Attorney previously secured judgments against the firm’s three co-founders for violating US derivatives laws and AML rules.

Fraud, Scams & Cybercrime

Hong Kong Saw Almost HK$400m in Crypto Scams in H1 2022

11/08/2022

Crypt-related scams, job scams and online shopping scams made up the top three types of cybercrimes in Hong Kong in the first half of this year.

Structural Regulation

Bursa Malaysia Proposes Rules for LEAP-to-ACE Listing Transfers

10/08/2022

The framework will help LEAP Market companies transfer to the ACE Market, which offers a “more robust listing environment” and is open to the public.