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OTC derivatives regime to be updated in Hong Kong
**The Securities and Futures Commission (SFC) in collaboration with the Hong Kong Monetary Authority (HMA) have issued a joint consultation proposal in regards to regulations of over-the-counter (OTC) derivatives market in Hong Kong.** The consultation paper is purposed to strengthen the regulation of the OTC market. In particular, the paper consists of various recommendations related to sup...
Path: BlogFCA is planning to restrict crypto derivatives
The UK's Financial Conduct Authority (FCA) is putting forward restrictions on the sale, marketing and distribution of derivatives such as CFDs, options and futures, as well as exchange-traded notes (ETNs) linked to "unregulated transferable cryptoassets".The aforesaid restrictions shall apply to all retail consumers and firms operating or based within the country. The regulator describes these a...
Path: BlogInnovate! Crypto exchange OKEx has recently released data analysis platform for derivatives trading
**OKEx is one of the biggest digital asset exchanges based in Malta. The aforesaid crypto exchange has developed a platform with a wide-range of data insight, that covers trading trends for derivatives.** According to their press release, presumably this platform will allow OKEx users to see real-time data on the exchange’s futures and perpetual swap markets for nine major tokens, including ...
Path: BlogSwitzerland puts a hand over supervising ICOs
... simplest and, even though they are under FINMA control too, they are mostly connected to a single project. Also, they can be used for payments only which limits fraud capability. Asset tokens can be used after ICO as analogues of equities, bonds or derivatives. This means they are more complicated and create more stable connection between the startup and an investor. Finally, the utility tokens e...
Path: BlogEthereum has attracted considerable interest of the CFTC
...release states the CFTC expects that the information received will benefit its FinTech initiative (LabCFTC), and assist to shape the Commission’s knowledge of these crypto-technology. The CFT will start to monitor Ethereum market along with any derivatives markets related to cryptocurrency. The CFT said: *“The input from this request will advance the CFTC’s mission of ensuring the i...
Path: BlogJapan's Financial Services Agency is ready to approve crypto exchange-traded funds (ETFs)
...ted in order to increase the level of self-regulatory administration of crypto-industry and classify a lot of ICO tokens as securities, the bill may come into force by 2020. The FSA has abandoned its plans to include permission for trading crypto derivatives on financial exchanges due to its concerns that this only encourage speculation. Recent increase of interest in and analysis of Japan c...
Path: BlogA new license assessment procedure will be adopted for certain AFS applicants
... companies will be required to submit: * C5: Foreign Exchange Operating Statement * B3: Arrangements for Managing Conflicts of Interests * B3: Compliance Arrangements * B7: Risk Management System Statement. The companies that aim to provide derivatives will have to submit additional non-core proofs (as it specified in the Information Sheet 240): * C4: derivatives Statement * B3: Arran...
Path: BlogFINRA grants extended deadlines for companies to report their crypto activities
...important topic."* The list of crypto-related activities that FINRA outlined for its members to report include: • purchases and sales carried out with cryptocurrencies; • creation, management or participation of a crypto exchange, fund or derivatives product; • participation in an ICO or Pre-ICO; • facilitating the clearing or distribution of cryptocurrencies; and • recording c...
Path: BlogGerman crypto companies will require BaFin license as of next year
Starting from next year, **new regulation in Germany will require cryptocurrency companies to obtain a license issued by the Federal Financial Supervisory Authority (BaFin)**. Crypto derivatives will not fall under these regulations, but remain subject to the ESMA’s current restriction and any future proposals by the BaFin regarding the sale of these instruments to retail investors. Based on...
Path: BlogJapanese Officials Introduce New Amendments in Japan’s Crypto Laws
...t, exchanges are no longer allowed to keep users’ funds and their funds together. Importantly, this regulation extends across both crypto and fiat reserves. As part of the of the enforced policies, the new regulations place cryptocurrency asset derivatives transactions under the FSA’s jurisdiction. Additionally, the updated regulations have refined terminologies, calling them “crypto asse...
Path: BlogAttempts to Unify Cryptocurrency Regulation and Introduction of the Travel Rule
... businesses and exchanges — to comply with FATF-ready AML rules. Additionally, to adapt FATF directive requirements, Singapore set its Travel rule threshold at around $1000 (SG $1,500). In 2017 Japan started acknowledging Bitcoin and its crypto derivatives as property within Japan’s Payment Services Act. In addition, Payment Services Act calls for local crypto business to comply with AML re...
Path: BlogJapan and South Africa are to set new crypto regulations
... amid a global crackdown, Binance Markets Ltd. was banned from doing any regulated business in the UK by governmental financial watchdog. Also, Huobi, one the most popular cryptocurrency platforms in China, prohibited users from the country to trade derivatives. Earlier this month, the Basel Committee on Banking Supervision proposed that a 1,250% risk weight to be applied to a bank’s exposure...
Path: BlogAGREEMENTS AND LEGAL OPINIONS
...e up-to-date legal opinions and legal agreements across a range of industries. Our legal advisory and agreement drafting services have been utilized in the following industries: mining, gas, investment banking (corporate finance, structured finance, derivatives, securitizations and structured financial products; development finance, corporate financial services, steel manufacturing, information te...
Path: AdditionalCIM Bank Account Opening
...mmissions that may be required by bank are not part of our professional fees for assistance of opening a bank account. The bank offers range of services and products Personal and commercial account Investment execution: stock, bonds, funds, derivatives and forex Counselling on financial investment Asset Management Executing payment orders Multi-currency current accounts and deposi...
Path: BanksCIM Bank Account Opening
...mmissions that may be required by bank are not part of our professional fees for assistance of opening a bank account. The bank offers range of services and products Personal and commercial account Investment execution: stock, bonds, funds, derivatives and forex Counselling on financial investment Asset Management Executing payment orders Multi-currency current accounts and deposi...
Path: BanksBulgaria Forex License
...d. The Registrar may however require an English translation if a foreign language is used to ensure that the proposed name is not a restricted name. A name cannot be identical or similar to that of an existing company. The following words or their derivatives may not be used: bank, chartered, establishment, foundation, insurance, partnership or trust. N.B. Restricted connections for c...
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