Fintech / Regtech

Electronic Transactions Association Offers CBDC Guidelines

07/05/2021

The trade association says governments should carefully consider 7 guiding principles when considering the introduction of a CBDC.

Securities / Derivatives

SFC May Have Doubts About Allowing SPAC Listings – Report

06/05/2021

HKEX is preparing to consult the market by end-June at the earliest. However, market participants believe the odds are low that SPACs will be allowed in Hong Kong.

Enforcement

HKEX Proceeds to Delist Shares of Convoy Global Holdings

06/05/2021

HKEX says its Listing Review Committee has upheld the May 2020 decision to cancel the listing of Convoy Global Holdings.

Securities / Derivatives

KRX Mulls Additional Measures to Attract Unicorn Listings

05/05/2021

Ahead of the introduction of dual-class shares, KRX will provide guidelines to help founders secure management rights jointly with other large shareholders.

AML / KYC

Thailand to Tighten Crypto Exchange Account Opening Rules

05/05/2021

Crypto exchanges will reportedly be required to verify customers’ identities using special machines that require Thai national IDs and physical presence.

Big Picture

RBNZ to Consider Further Calibration of LVR Restrictions

05/05/2021

The RBNZ may further tighten mortgage lending to guard against financial stability risks through adjustments to LVR restrictions.

AML / KYC

Ex-Netflix VP Convicted of Money Laundering, Fraud

05/05/2021

The executive approved millions of dollars in contracts for Netflix to purchase IT products and services in exchange for kickbacks.

Crypto / Digital Assets

UPDATED – BaFin Says Binance Stock Tokens Violate Securities Laws

05/05/2021

The tokens require the publishing of a prospectus, “minimum information required by law” for the sale of an investment product.

Fintech / Regtech

Digital Dollar Project Prepares to Launch CBDC Pilot Tests

04/05/2021

The DDP will launch five pilot programs over the next 12 months to measure the value of and inform the future design of a US CBDC.