Sanday Chongo Kabange is an experienced multimedia journalist and a contributor to Regulation Asia. He focuses on compliance, regulatory and legal issues for financial services.
Crypto / Digital Assets
US SEC’s Binance Suit Delays Korea Gopax Acquisition
08/06/2023
The FSC has suspended planned management changes at crypto trading platform Gopax, which was acquired by Binance in February.
Securities / Derivatives
Bursa Gets In-Principle Approval for New Debt Fundraising Platform
08/06/2023
The Securities Commission has granted Bursa and RAM in-principle approval to manage and operate a new debt fundraising platform.
Fintech / Regtech
Australia Confirms it Will ‘Pause’ CDR Expansion Plan
08/06/2023
Treasury is pausing plans to expand the CDR to the superannuation, insurance and telecommunications sectors.
Crypto / Digital Assets
Philippine SEC Delayed Roll-out of Crypto Rules Last Year Due to FTX
07/06/2023
The SEC was ready to issue a new regulatory framework for crypto assets late last year, but decided to delay its release to incorporate lessons from the FTX collapse.
Market Infrastructure
Korea Approves Bill to Abolish Foreign Investor Registration System
07/06/2023
The abolishment of the cumbersome registration system after 30 years is expected to boost foreign investment in Korean markets.
Capital / Liquidity
SFC Imposes Lifetime Ban on Director of Licensed Firms
07/06/2023
A director for two licensed firms was banned for life over failures to maintain sufficient liquid capital, and for lying to the SFC.
AML / KYC
NZ DIA Lists Common Areas of AML Non-Compliance at DNFBPs
07/06/2023
Common areas of non-compliance were identified from a review of 60 law firms, accounting practices and real estate agents.
Market Infrastructure
HKEX Permits 21 Firms to List RMB Share Counters
07/06/2023
Nine market markers are permitted to conduct market making or liquidity providing activities in dual counter securities starting 19 June.
Crypto / Digital Assets
Cboe Granted Approval to Clear Margined Crypto Futures
07/06/2023
To date, Cboe has offered trading and clearing of Bitcoin and Ether futures only on a fully collateralised basis.
Fintech / Regtech
Stanchart, PwC Examine CBDC Opportunities in GBA
06/06/2023
The paper says the GBA is an ideal launch pad for CBDC pilots given its use of three different currencies and monetary authorities.
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