Markets & Infrastructure

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    Cryptocurrency

    US SEC Settles Charges Against Crypto Firm Abra

    By Editors | 30/08/2024

    The SEC said Abra operated as an unregistered investment company and sold a retail crypto asset lending product that should have been registered.

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    Cloud & Infrastructure

    ASIC Launches Pilot Digital Portal for AFS Licensing

    By Editors | 30/08/2024

    The pilot involves a limited number of new AFSL applications before the new digital portal is fully adopted in Q1 2025.

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    Structural Regulation

    RBI Grants Recognition to First SRO for Fintech Sector

    By Ajoy K Das | 30/08/2024

    The RBI granted recognition to the ‘Fintech Association for Consumer Empowerment’, known as FACE.

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    Tokenisation

    US SEC Planning Legal Action Against NFT Platform OpenSea

    By Editors | 29/08/2024

    OpenSea CEO Devin Finzer said the SEC is threatening to sue because “they believe NFTs on our platform are securities”.

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    Payments & Settlements

    SEBI Proposes to Mandate UPI Blocking Mechanism for Stock Trades

    By Ajoy K Das | 29/08/2024

    Under the UPI block mechanism, investors only transfer funds to the broker after their shares are credited.

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    Conduct, Culture & Accountability

    New Zealand Court Fines TSB Bank for Overcharging Customers

    By Sanday Chongo Kabange | 29/08/2024

    The Commerce Commission took legal action against TSB Bank for overcharging 48,000 customers between 2015 and 2021.

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    Tokenisation

    HKMA Launches New Sandbox for Tokenised Asset Transactions

    By Sanday Chongo Kabange | 29/08/2024

    The Project Ensemble Sandbox will facilitate interbank settlement using tokenised money for transactions involving tokenised assets.

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    Trading & Investment

    MAS Identifies Priority Areas for Equities Market Review Group

    By Ranamita Chakraborty | 29/08/2024

    The review group has identified the areas of focus for its two workstreams and pledged to announce recommendations in phases.

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    Structural Regulation

    ASIC Revises Trade Reporting Rules to Adopt February Proposals

    By Manesh Samtani | 29/08/2024

    ASIC will adopt the ‘nexus’ test to determine the scope of foreign entity reporting and remove alternative reporting.

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    Cryptocurrency

    CME to Launch Weekly Bitcoin Futures on 30 September

    By Editors | 29/08/2024

    The new contracts will be cash-settled at 4pm New York time every Friday to help investors mitigate weekend price moves.

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