United States

    Cryptocurrency

    Thailand to Offer Tax Exemptions on Crypto Trades

    By Editors | 14/03/2022

    Traders will be allowed to offset annual losses against crypto gains for taxes purposes. Crypto trades will also be exempt from a 7 percent VAT.

    PEPs & Sanctions

    G7 to Downgrade Russia Trade Status, Close Sanctions Loopholes

    By Editors | 13/03/2022

    US bans more Russian trade. G7 pledges to close national-level loopholes that could enable sanctions evasion via crypto-assets, among other commitments.

    Structural Regulation

    UPDATED – US LIBOR Legislation Advances in Omnibus Bill

    By Editors | 11/03/2022

    The bill is based on legislation that passed the House in December, and is similar to a law enacted by New York state and others in the past year.

    PEPs & Sanctions

    BIS Suspends Russian Central Bank as UK Adds More Sanctions

    By Manesh Samtani | 11/03/2022

    UK adds seven names to its sanctions list. Goldman and JPMorgan to close Russian operations. Russia to nationalise assets of foreign companies.

    Structural Regulation

    Philippine Regulators Issue Guidelines on Streamlining Bank M&As

    By Sanday Chongo Kabange | 10/03/2022

    Five agencies including the BSP and SEC will have a total 55 business days to process merger, consolidation, acquisition applications from banks.

    CBDCs

    US President Calls for Comprehensive Approach to Digital Assets

    By Editors | 10/03/2022

    The US Treasury and other agencies are directed to submit a series of reports within six months recommending a policy approach for digital assets.

    Conduct, Culture & Accountability

    FINRA Fines Deutsche Bank Securities for Best Execution Failures

    By Editors | 10/03/2022

    The firm routed customer orders to its own ATS before routing any part of the order to an exchange of the customer’s preference, FINRA said.

    Structural Regulation

    Philippines Passes Law to Ease Foreign Investment Restrictions

    By Editors | 09/03/2022

    Qualified foreigners can fully own domestic enterprises including SMEs without prior approval, as long as they hire local workers.

    Conduct, Culture & Accountability

    Philippine SEC Strengthens Director Disqualification Rules

    By Editors | 08/03/2022

    The rules set out the conditions under which the SEC can disqualify and remove a director, trustee, or officer of a company.

    Structural Regulation

    Philippine SEC Implements Caps on Loan Rates, Fees

    By Mark Johnston | 07/03/2022

    The caps were prescribed to curb predatory and abusive practices by lending and financing companies including on online platforms.

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