King & Wood Mallesons Tag

15 Mar Hong Kong securities watchdog places major crypto exchange Bybit on alert list as local unit seeks licence in the city

Posted at 23:00h in Asia

Hong Kong’s Securities and Futures Commission (SFC) has warned investors about trading on Bybit, one of the world’s largest cryptocurrency exchanges, after placing the platform on an alert list, even as its local unit is applying for a licence in the city.A number of Bybit’s...

25 Feb China to widen access to US$232 trillion repo market in transformative, signalling impact on interest rates, analysts say

Posted at 22:30h in Asia

Turnover in China’s interbank repo market, dominated by pledged repos, has soared over the past decade. These contracts surged 21 per cent to 1,668 trillion yuan (US$231.8 trillion) in 2023, according to central bank data. Overnight repo made up 88 per cent of the volume...

08 Feb Hong Kong among first to propose crypto reserve requirements for banks aligned with new international standards

Posted at 10:30h in Asia

The BCBS is a forum where banking and finance authorities from 28 major jurisdictions set standards for prudential regulation. The standards are not legally binding, but are typically adopted through local laws and regulations.Hong Kong’s stablecoin rules would be ‘extremely challenging’ to Tether, USDCWith this...

King & Wood Mallesons Tag

15 Mar Hong Kong securities watchdog places major crypto exchange Bybit on alert list as local unit seeks licence in the city

25 Feb China to widen access to US$232 trillion repo market in transformative, signalling impact on interest rates, analysts say

08 Feb Hong Kong among first to propose crypto reserve requirements for banks aligned with new international standards

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