Cryptocurrency

Russia Finalises Bill to Give Crypto Legal Tender Status

23/04/2022

The February version of the bill proposed to only allow crypto to be used as an investment vehicle. A digital ruble will be ready next year.

Climate Risk

IMF Creates New Loan-Based Resilience and Sustainability Trust

21/04/2022

The IMF’s new loan-based trust seeks to help lower middle-income countries deal with external shocks like climate change and pandemics.

Structural Regulation

India Urged to Allow SPAC Listings, Discounted Share Issuances

21/04/2022

The MCA’s Company Law Committee says says Indian SPACs should be recognised and allowed to list on domestic and global exchanges.

AI Risk & Governance

RegTech Adoption Requires Rethink of Regulatory Environment

20/04/2022

New WEF paper outlines success factors for regtech adoption, a roadmap for implementation, and guidance on regulatory requirements.

Anti-Money Laundering

Hong Kong to Propose Regulatory Regime for Crowdfunding

19/04/2022

The government will issue a consultation this year proposing a licensing or registration requirement for crowdfunding platforms in Hong Kong.

Structural Regulation

Financial Firms Offered Incentives to Set Up Shop in Shenzhen

19/04/2022

Newly registered financial enterprises that choose to be headquartered in Shenzhen will be offered a one-off incentive worth up to CNY 50 million.

Sustainable Finance

Hong Kong Set to Relaunch Inaugural Retail Green Bond

19/04/2022

The government has increased the target issuance size of the retail green bond. The minimum annual interest rate has also been increased.

Cloud & Infrastructure

FSC Korea to Relax Network Separation, Cloud Computing Rules

19/04/2022

The rule amendments seek to address excessive regulations that have hindered digital transformation efforts in the financial sector.

CBDCs

PwC Publishes 2022 Rankings of Global Retail, Wholesale CBDCs

14/04/2022

The highest ranking retail CBDC projects were from Nigeria, the Bahamas, and China. The highest ranking wholesale CBDC projects were from Thailand, Hong Kong and Singapore.