Cryptocurrency

FSC Korea Starts Work on New Crypto Legislation

12/08/2022

The new “Digital Assets Basic Act” is likely to adopt various measures from 13 bills already proposed by lawmakers and pending in the National Assembly.

Credit Risk

Two Chinese Developers Get Support from SOEs

12/08/2022

Greenland Holdings has secured CNY 3 billion in loans. Yanggo Group will receive help from China Huarong Asset Management to restructure its debt.

Reporting & Disclosures

Taiwan to Require Emissions Disclosures in Annual Reports in 2024

11/08/2022

Companies will have to start disclosing climate-related information including GHG emissions data in annual reports and prospectuses in 2024.

Cryptocurrency

Japanese Crypto Industry Bodies Call for Tax Reforms

11/08/2022

The JCBA and JVCEA are asking for income from crypto-asset transactions to be taxed separately at a rate of 20 percent, rather than together with other income.

Conduct, Culture & Accountability

ASIC Identifies Complaints Handling Deficiencies at Super Funds

11/08/2022

ASIC discovered issues with complaints recording, response timeframes, failures to inform complainants of delays, and process failures.

Cryptocurrency

MAS Rescinds IPA Granted to Crypto Lender Hodlnaut

11/08/2022

Hodlnaut froze withdrawals, token swaps and deposits on its platform on Monday to focus on stabilising its liquidity and preserving assets.

Reporting & Disclosures

JPXI to Launch Platform For Listed Company ESG Disclosures

11/08/2022

ESG-related information disclosed on each company’s website for the most recent three months will be displayed on the portal.

Capital Adequacy

APRA Finalises Reporting Standards for New Bank Capital Framework

11/08/2022

To maximise the time available for entities to develop reporting solutions, the APRA Connect external test environment will be made available in early September.

CBDCs

HKMA, InvestHK Invite Firms to Showcase CBDC Solutions

11/08/2022

A CBDC track has been added to Global Fast Track 2022. Banks, fintechs and tech firms are asked to submit innovative solutions in eight focus areas.