New Zealand will look to increase its foreign reserves holdings over "a number of years" in order to minimise the market impact.
January 27, 2023The move comes a year after the central bank suspended yuan trading. The finance ministry said it is allocating the equivalent of about $800mn for FX trades.
January 13, 2023The move will provide greater convenience for global investors and enhance the attractiveness of yuan-denominated assets, the PBOC said.
January 3, 2023Under the revised rules, ICO portals will also be allowed to outsource certain tasks to service providers, as long as they are not 'core' services.
December 7, 2022The new rules will help promote innovation by foreign exchange service providers while also reducing the operational burden associated with licensing.
November 24, 2022ASIFMA offers three recommendations to further strengthen Korea’s capital markets and improve access for global institutional investors.
November 23, 2022Under the ‘Ubin+’ initiative, MAS will develop technical standards, infrastructure, and policy guidelines to support atomic settlement of FX transactions using CBDCs.
November 4, 2022DBS said the partnership enables it to provide more dynamic pricing, financing, and risk solutions to investors, which contributes to Singapore’s growing influence as a global digital asset hub.
October 31, 2022Credit Suisse has been cleared of FX rigging charges and settled separate cases with French and US prosecutors.
October 26, 2022Any foreign currency transactions worth more than KRW 5,000 has to be reported to the central bank, or face penalties for violating Korea's foreign exchange laws.
October 20, 2022