Crypto / Digital Assets

ESMA Releases Last Batch of Policy Documents for MiCA

19/12/2024

The new package includes standards on preventing market abuse and guidelines on suitability and crypto-asset transfer services.

Sanctions

Europe Announces Measures to Counter Russian Shadow Fleet

19/12/2024

12 countries will work together to counter the shadow fleet by checking suspicious vessels for valid insurance documents.

Sanctions

South Korea Imposes Sanctions Over Russia-DPRK Cooperation

18/12/2024

The targets include North Korean military officials, Russian businessmen and companies, and banks involved in Russia-DPRK transactions.

Securities / Derivatives

SEBI Tightens Norms on Issuance of ODIs by FPIs

18/12/2024

New requirements on the issuance and use of offshore derivative instruments by FPIs are being introduced to prevent regulatory arbitrage.

Crypto / Digital Assets

OFAC Sanctions Two for Funnelling Illicit Proceeds to North Korea

18/12/2024

The two individuals are part of a network led by Sim Hyon Sop, a sanctioned China-based banking representative who helps North Korea launder money.

Enforcement

ASIC Sues Binance Over Misclassification of Retail Clients

18/12/2024

Binance offered crypto derivative products to over 500 Australian retail investors who were misclassified as wholesale clients.

Fintech / Regtech

Singapore, Australia Sign MOU to Expand Cooperation on AI

18/12/2024

Singapore’s Josephine Teo said the MOU opens new doors for AI collaboration across research institutes, businesses and government.

Market Infrastructure

HKEX Confirms Plans to Reduce Tick Sizes in Securities Market

18/12/2024

HKEX will proceed with its proposal to reduce minimum spreads of equities, REITs, and equity warrants in two phases.

Securities / Derivatives

FCA Proposes Rules for New Stock Market for Private Companies

18/12/2024

PISCES will allow private and other unquoted UK and overseas companies to trade their securities during intermittent trading windows.