Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
Trading & Investment
Korea to Launch Online Deposit Product Brokerage Service in June
23/03/2023
The service will allow consumers to compare and receive recommendations for deposit products from various FIs.
Liquidity Risk
Yellen Not Considering ‘Blanket Insurance’ for US Bank Deposits
23/03/2023
Regulators are reviewing banking risks on a case-by-case basis. The FDIC would only step in to protect all depositors if there are systemic or contagion risks.
Reporting & Disclosures
Biden Blocks Anti-ESG Bill; Texas to Divest from HSBC
23/03/2023
HSBC was added to a list that will requires state governmental entities in Texas to divest from all of the bank’s publicly traded securities within 360 days.
Cryptocurrency
Eurex to Launch Europe’s First Bitcoin Futures Contract
23/03/2023
The contract, developed in partnership with FTSE Russell and Digital Asset Research, will launch on 17 April 2023.
Structural Regulation
SFC Publishes “Quick Reference” Licensing Guides
23/03/2023
The quick reference guides are intended to encourage more family offices and private equity businesses to operate in Hong Kong.
Cryptocurrency
US Authorities Consider Taxing NFTs as Collectibles
23/03/2023
Under the US tax code, collectibles are subject to a 28% capital gains tax rate, compared to 20% for stocks, bonds and cryptocurrencies.
Reporting & Disclosures
Malaysia to Launch Sustainability Reporting Platform in April
23/03/2023
UMW Corp and Maybank will be early adopters of the platform, which was developed by Bursa Malaysia in collaboration with LSEG.
Cryptocurrency
US SEC Simultaneously Charges Crypto Founder, Eight Celebrities
23/03/2023
Tron founder Justin Sun sold unregistered securities to US investors, manipulated TRX and BTT markets, and paid celebrities to tout the offerings without disclosing their compensation.
PEPs & Sanctions
US, UK, EU and Australia Target Iran With New Sanctions
22/03/2023
The sanctions were imposed for human rights abuses and violations as well as the production and supply of drones to Russia.
Stablecoins
Stablecoin Reserves Should be Held at Central Banks: Circle
22/03/2023
Circle is seeking to be able to hold USD reserves with the Fed rather than with various financial partners. In the long run, a wholesale CBDC could be used.
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