LATEST NEWS

Crypto / Digital Assets

Iran, Russia Working on Gold-Backed Stablecoin – Report

By Editors | 17/01/2023

The stablecoin is intended to serve as a payment method for foreign trade without requiring the use of any fiat currency.

Enforcement

Taiwan Passes Law Changes to Deter Property Speculation

By Editors | 17/01/2023

The amendments introduce fines up to TWD 50 million for market manipulation and the spreading of false information regarding housing prices.

Market Infrastructure

China Directs Banks to Use Yuan in Cross-border Transactions

By Editors | 17/01/2023

Banks are directed to prioritise the use of the yuan in cross-border trade, as well as in overseas investment and financing transactions.

Crypto / Digital Assets

Nepal ISPs Ordered to Block Crypto Websites, Apps

By Editors | 17/01/2023

Nepal declared crypto illegal in September 2021. The order for ISPs and email providers to block crypto websites and apps is new.

Crypto / Digital Assets

BitConnect Victims Receive $17mn Restitution from Crypto Fraud

By Editors | 16/01/2023

BitConnect was an online crypto lending platform that collapsed in 2018, causing investor losses estimated at over USD 2.4 billion.

Enforcement

Indonesian Court Imposes $370m Fine for Stock Manipulation

By Editors | 16/01/2023

The fine is one of the largest ever in an Indonesian corruption case. Prosecutors reportedly plan to appeal the ruling to seek the death penalty.

Crypto / Digital Assets

Thai Stock Exchange Unveils Three Year Strategic Plan

By Sanday Chongo Kabange | 16/01/2023

The strategic plan focuses on creating more opportunities for businesses and investors and ensuring the SET can accommodate capital market growth.

Fintech / Regtech

Korea to Start Charging for Use of Open Banking Platform

By Editors | 16/01/2023

The FSS will develop billing standards and retroactively calculate fees MyData service providers will have to pay in 2024 for their usage in 2023.

ESG / Sustainability

IAASB Begins Work on Global Standards for ESG Assurance

By ESG Investor | 16/01/2023

New globally accepted standards aim to improve investor confidence and “reduce the risk of material misstatements”.