Australia

    Crypto / Digital Assets

    ASX Announces Likely Delay to Chess Replacement Go-Live

    By Editors | 29/03/2022

    The next software release from technology provider Digital Asset has been delayed by three months, impacting the project schedule.

    Fintech / Regtech

    ANZ Launches First Bank-issued AUD Stablecoin

    By Manesh Samtani | 24/03/2022

    The stablecoin is expected to help investors avoid the costs and exchange rate risk associated with converting AUD into USD to trade in crypto markets.

    Enforcement

    ASIC Probes Fund Managers for Misleading Marketing

    By Sanday Chongo Kabange | 24/03/2022

    ASIC is assessing whether fund managers made false or misleading statements or engaged in misleading or deceptive conduct when marketing their funds.

    Capital / Liquidity

    RBNZ Raises Transparency of Regulatory Breaches by Banks

    By Editors | 24/03/2022

    The RBNZ has launched a new register to improve transparency about material breaches of key prudential requirements by banks.

    Enforcement

    ACCC Launches Court Proceedings Over Crypto Ads on Facebook

    By Editors | 23/03/2022

    The ads contained links to fake media articles containing quotes attributed to public figures endorsing cryptocurrency or money-making schemes.

    AML / KYC

    New Zealand Pledges to Enhance Beneficial Ownership Transparency

    By Manesh Samtani | 23/03/2022

    A new bill will require companies to provide accurate beneficial ownership information. A unique identifier will be assigned to all beneficial owners and directors.

    Securities / Derivatives

    ASX to Implement Fallbacks in OTC Interest Rate Derivatives

    By Editors | 23/03/2022

    From 27 June, all OTC Open Contracts cleared by ASX, including legacy trades, will be treated as if they incorporated fallback provisions contained in the 2021 ISDA Definitions.

    Fintech / Regtech

    BIS, Central Banks Complete Development of Multi-CBDC Prototypes

    By Sanday Chongo Kabange | 23/03/2022

    The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.

    ASIC Warns on Using ‘Influencers’ to Promote Financial Products

    By Sanday Chongo Kabange | 22/03/2022

    ASIC places responsibility firmly on AFS licensees to ensure that any influencers they use and the financial-related content they present complies with the law.

    Crypto / Digital Assets

    Australia Opens Consultation on Regulatory Regime for Crypto

    By Manesh Samtani | 22/03/2022

    The consultation proposes minimum standards of conduct, AML compliance obligations, and fit and proper requirements for directors and key persons.

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