Cryptocurrency

SFC Grants Licence Upgrade Allowing Tiger Brokers to Offer Crypto

26/01/2024

Tiger Brokers said it is one of the first mainstream online brokerage firms in Hong Kong to receive approval for such a licence upgrade.

Cybersecurity

US Fintech EquiLend Suffers Ransomware Attack

26/01/2024

Ransomware gang LockBit claimed responsibility for the attack, which has forced Wall Street banks to manual processing of certain securities lending transactions.

Cryptocurrency

Value Partners, VSFG Partnering to Launch Spot Bitcoin ETF

24/01/2024

Value Partners Hong Kong and Venture Smart Financial Holdings have signed an MoU to collaborate on the launch of a spot Bitcoin ETF in Hong Kong this year.

Structural Regulation

US SEC Adopts Rules to Enhance Protections for SPAC Investors

24/01/2024

The new rules will help address information asymmetries, misleading information, and conflicts of interest in SPAC and de-SPAC transactions.

Structural Regulation

Hong Kong, Saudi Arabia Agree to Deepen Financial Market Connectivity

24/01/2024

The MoU covers collaboration to support capital market connectivity, conduct joint research, and enhance cross-border investments, among other areas.

Trading & Investment

Philippine SEC Propose to Lower Stockbroker Commission Rates

24/01/2024

The minimum PHP 20 currently charged by stock brokers per transaction was set 50 years ago in 1973.

Cybersecurity

US SEC Confirms “SIM Swap” Attack as Cause of Social Media Hack

24/01/2024

The SEC said an employee’s phone was targeted in a “SIM swap” attack through the agency’s telecom carrier, after multifactor authentication was left disabled since last July.

Anti-Money Laundering

Australia Scraps Golden Visa Programme in Immigration Overhaul

24/01/2024

The programme is being scrapped after the government found it was “delivering poor economic outcomes” and had failed to meet its core objectives.

Trading & Investment

Chinese Premier Calls for More “Forceful” Measures to Stabilise Stock Market

23/01/2024

Premier Li Qiang emphasised the need to enhance the quality and investment value of listed companies and persuade more medium and long-term funds to invest in stocks.