Tag: APAC

Lingxi ,China Finance Online Co. Limited
December 27, 2019 BY Valentina Kirilova

China Finance Online Co. revenues from financial services down 23.9% YoY in 3Q report

China Finance Online Co. Limited (NASDAQ GS: JRJC), a web-based financial services company, has announced its unaudited financial results for the third quarter and first nine months ended September 30, 2019.  The company provides Chinese retail investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial…

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Malaysian SC announces relief measures for capital market licensed entities
December 27, 2019 BY Mariela Naydenova

Bank Negara Malaysia issues licenses to up to five digital banks

Malaysia is taking new steps to enhance the growing popularity of virtual banks and the benefits they can offer to customers. The country's central bank, Bank Negara Malaysia (BNM), will issue up to five licenses to digital banks in Malaysia. BNM is currently working on releasing the "Exposure Draft on Licensing Framework for Digital Banks", or…

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Japan
December 27, 2019 BY Valentina Kirilova

90% of institutional investors worried over Japan's tougher rules on foreign investment

Japan times reported earlier this week that according to a private survey nearly 90% of institutional investors are worried about the possible negative effects of a law revision, tightening restrictions on foreign investment. The law was enacted in November 2019 and is expected to take effect around May next year. The new law requires foreign investors to notify…

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TAIFEX
December 27, 2019 BY Valentina Kirilova

Taiwan Futures Exchange launches real-time market data feed in 2020

The Taiwan Futures Exchange (TAIFEX) has announced that as of 23 March 2020, it will start providing real-time market data feed. The exchange will also introduce continuous trading on Taiwan’s stock market, which currently adopts the call auction trading method during trading hours. Market participants and information vendors will be able to choose to connect to…

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China to carry out the initial real-world trial of its central bank digital currency
December 25, 2019 BY Mariela Naydenova

China seizes 7,000 crypto mining machines

The fight against the mining of cryptocurrencies continues with full force. It is a well-known fact that the mining of Bitcoin and other digital coins drains a huge amount of electricity and this cost often comes at the expense of the respective government. While in China it's no longer a crime to found mining operations,…

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December 23, 2019 BY Mariela Naydenova

ASIC secures regulatory proceedings against USGFX representatives

The Australian Securities & Investments Commission (ASIC) has announced that the Federal Court in Sydney has issues asset restraint orders against Corporate Authorised Representatives of OTC derivatives provider USGFX, or Union Standard International Group Pty Ltd. ASIC has sought to issue the restraint orders in order to protect customers while an investigation against USGFX is underway. The Federal…

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Singapore fx
December 20, 2019 BY Mariela Naydenova

The World Federation of Exchanges responds to MAS regarding derivatives contracts on crypto assets

The WFE (the World Federation of Exchanges), the global industry group for exchanges and central counterparties called CCPs, has recently given a response to MAS, the Monetary Authority of Singapore's Consultation Paper on Proposed Regulatory Approach for Derivatives Contracts on Payment Tokens or so crypto assets. The response given by WFE stresses the significance of the role…

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hkex
December 20, 2019 BY Valentina Kirilova

Torstone Technology expands in Hong Kong, introduces risk management platform RiskMine

Torstone Technology, a provider of post-trade securities and derivatives processing technology, has announced earlier this week a number of senior hires and the expansion of its Hong Kong office. Several senior appointments have been made across Professional Services, Client Support and Sales function. Simon Tang joins Torstone as the Head of Professional Services APJ. LeapRate…

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