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Crypto / Digital Assets
OECD Assesses DeFi’s Role in ASEAN to Promote Financial Inclusion
By Manesh Samtani | 20/03/2024
Innovation associated with DeFi, provided in a regulated and compliant form, could offer possible financial inclusion benefits such as in MSME financing.
Securities / Derivatives
Taiwan to Lower Shareholding Disclosure Threshold on 10 May
By Editors | 20/03/2024
The threshold that triggers requirements to disclose substantial shareholdings will be lowered from 10% to 5%. Reporting will also shift from paper-based to electronic.
Crypto / Digital Assets
ECB Establishes Seven New Digital Euro Rulebook Workstreams
By Editors | 20/03/2024
The workstreams are aimed at developing rulebook proposals covering UX standards, a certification and approval framework, risk management, and implementation specifications.
Hong Kong LegCo Passes New National Security Law
By Editors | 20/03/2024
Lawmakers say the law was necessary to protect Hong Kong’s status as an international hub. Critics express concern that it could be used to erode civil liberties.
ESG / Sustainability
ACMF Progresses Work on Sustainable Capital Markets Roadmap
By Ranamita Chakraborty | 20/03/2024
About 90% of the Roadmap will be complete within this year. A key achievement has been the development of Version 2 of the ASEAN Taxonomy for Sustainable Finance.
Crypto / Digital Assets
Korea’s Cabinet Passes Amendment to Enhance VASP Oversight
By Mark Johnston | 20/03/2024
Banks that can open real-name accounts for VASPs will also have new obligations on governance, personnel and physical facilities.
Crypto / Digital Assets
Grab Introduces Crypto Payments for Singapore Customers
By Ranamita Chakraborty | 20/03/2024
Grab’s new partnership with payments provider Triple-A allows it to offer wallet top-up option using Bitcoin, Ether, XSGD, USDC, and USDT.
ESG / Sustainability
ASIC to Develop Climate Reporting Guidance for Small Businesses
By Manesh Samtani | 20/03/2024
Scope 3 requirements for larger businesses mean small businesses may come into scope, even if they do not have direct climate reporting obligations.
Enforcement
CFTC Fines US Bank, Oppenheimer for Record Keeping Failures
By Editors | 20/03/2024
US Bank was fined $6mn and Oppenheimer $1mn. Last month, the SEC also announced fines against Oppenheimer and a US Bank affiliate in a related case.
Crypto / Digital Assets
US SEC Secures $21m Settlement from Crypto Lender Genesis
By Editors | 20/03/2024
Genesis will only have to pay the civil penalty after all allowed claims in its bankruptcy are settled, including claims by Gemini Earn investors.
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