Crypto / Digital Assets

US FDIC Orders OKCoin to Stop Advertising Deposit Insurance

19/06/2023

Crypto firm OKCoin is directed to “immediately” remove misleading statements about deposit insurance or face enforcement action.

Enforcement

NYAG Penalises CoinEx $1.8m for Failure to Register

19/06/2023

CoinEx must implement geoblocking to prevent New York IP addresses from accessing its platform.

Crypto / Digital Assets

Global Consortium Executes First “Quantum-Secure” Trade Transaction

19/06/2023

The trade parties utilised IMDA’s ‘TradeTrust framework’ and placed a quantum-secure ‘seal’ on the electronic trade documents.

Securities / Derivatives

DBS Launches New Multi Family Office Platform for UHNW Families

19/06/2023

The new platform is established as an umbrella VCC, with multiple underlying sub-funds that clients can use to manage their assets.

Enforcement

Korea Probes Four Banks for Possible Collusion on Rates

15/06/2023

The Fair Trade Commission conducted inspections at Kookmin Bank, Hana Bank, Shinhan Bank and Woori Bank.

Crypto / Digital Assets

Korea Securities Depository to Establish Security Token Platform

15/06/2023

The KSD will set up a securities token platform and play the role of screening registrations of such digital assets.

RBI Asks CRAs for Information on Uncooperative Firms – Report

14/06/2023

About half of the 40,000 companies rated in India do not share information with credit rating agencies.

Market Infrastructure

Australia to Reduce Red Tape Imposed on Financial Advisers

14/06/2023

Assistant treasurer Stephen Jones said the reforms will be progressed in three streams, including allowing super funds to provide advice.

Capital / Liquidity

HSBC Forms New ‘Innovation Banking’ Division Out of SVB UK Acquisition

13/06/2023

The new ‘HSBC Innovation Banking’ brand will roll out globally in the coming months, with innovation-focused teams in the UK, US, Israel and Hong Kong.