Markets & Infrastructure

Cryptocurrency

Indonesia Launches National Cryptocurrency Exchange

By Manesh Samtani | 24/07/2023

The new exchange will serve as the only trading venue in the country where digital assets can be exchanged legally.

Clearing & Post-Trade

SEBI Proposes Prudential Norms for Clearing Corporations’ Exposure

By Ranamita Chakraborty | 24/07/2023

India’s securities regulator is looking to protect clearing corporations through prudential regulations to limit their concentration risk.

Structural Regulation

Former CBIRC Branches Rebrand Under New NFRA Umbrella

By Editors | 23/07/2023

A more detailed reform plan outlining the NFRA’s institutional structure, personnel and responsibilities is expected by end August.

Fraud, Scams & Cybercrime

SSE, SZSE Introduce Ratings System for IPO Sponsors

By Editors | 22/07/2023

China’s primary exchanges adopt performance ratings for sponsors to combat fraud, enhancing capital market integrity and investor confidence.

Payments & Settlements

Alipay, WeChat Pay Start Accepting Foreign Credit Cards

By Editors | 21/07/2023

The move allowed travellers to pay for goods and services across China, where mobile payments are needed for most basic necessities.

Payments & Settlements

US Launches Instant Payments Service, FedNow

By Editors | 21/07/2023

35 early-adopting banks and credit unions are ready with instant payments capabilities via FedNow, and 16 additional service providers are supporting payment processing.

Structural Regulation

SEBI, NSE, BSE Revamp Framework for ESM Stocks

By Mark Johnston | 21/07/2023

The existing ESM framework had restricted the trading of ESM stocks to once a week. Under the new framework, trading can take place on all trading days.

Alternative Markets

FSC Korea Grants First Preliminary Approval to ATS Platform

By Sanday Chongo Kabange | 21/07/2023

Nextrade, owned by 34 companies, will have 18 months to establish its systems and apply for final authorisation to operate its ATS platform.

PEPs & Sanctions

Western Allies Announce New Sanctions to Deter Russia

By Manesh Samtani | 21/07/2023

US sanctions include Russian metal producers and financial institutions. Canada targeted Russia’s military-industrial complex. UK, Australia and EU also have new targets.