Cryptocurrency

Malaysian Minister Rules Out Possibility of Bitcoin as Legal Tender

24/03/2022

Malaysia’s deputy finance minister said cryptocurrencies are not suitable for use in payments. Earlier this week another minister called for the government to adopt crypto as legal tender.

Reporting & Disclosures

IFRS Foundation, GRI to Align Sustainability Reporting Work

24/03/2022

The ISSB under the IFRS Foundation will publish proposed Climate and General Sustainability-related Disclosure requirements next week.

Sustainable Finance

HKEX, CEEX to Cooperate on GBA Carbon Market Initiatives

24/03/2022

HKEX and Guangzhou-based China Emissions Exchange will jointly explore the development of a voluntary carbon emission reduction programme in the GBA.

Cryptocurrency

FCA, BOE Offer New Guidance on Addressing Crypto Risk

24/03/2022

Cryptoassets should be classified as an intangible asset for accounting purposes, meaning that in most cases direct holdings should be fully deducted from CET1.

Trading & Investment

BSEC Calls on Banks to Increase Stock Market Investments

24/03/2022

The BSEC has also given banks a 31 March deadline to deposit unclaimed dividends in the Capital Market Stabilisation Fund, against directions from Bangladesh Bank.

Market Abuse

Tokyo Prosecutors Indict SMBC Nikko Securities, Five Others

24/03/2022

Prosecutors have filed charges against SMBC Nikko Securities and five others. The head of the firm’s equity division was also arrested.

Structural Regulation

Singapore Working Group to Develop BNPL Framework

24/03/2022

The Singapore FinTech Association has formed a working group under MAS guidance to develop a BNPL framework for launch later this year.

Cryptocurrency

Thailand Bans Use of Crypto as Means of Payments

24/03/2022

From 1 April, digital asset business operators are prohibited from enabling merchants to accept digital assets as a means of payment for goods or services.

Supervision & Enforcement

RBNZ Raises Transparency of Regulatory Breaches by Banks

24/03/2022

The RBNZ has launched a new register to improve transparency about material breaches of key prudential requirements by banks.