News Centre

SEBA Bank Brings Regulated Custody To Blue-Chip NFTs

Date 26/10/2022

• Non-Fungible Tokens (NFTs) are attracting growing interest from investors who want these assets to be professionally managed in a safe, secure, and fully regulated platform
• SEBA Bank’s institutional-grade custody solution now extends to blue-chip NFTs and provides clients with absolute confidence in securing their precious digital collectibles

AlgoTrader Becomes Wyden: A Digital Asset Trading Technology Company

Date 26/10/2022

The global leader in institutional trading technology for digital assets has officially renamed itself to Wyden. With this change, a unified single-brand approach across all market segments is introduced. This is in line with the company's overall strategy to simplify its offering and market appearance as it enters its next stage of growth.

Dubai Financial Services Authority Fines And Bans Former Abraaj COO, Mr Waqar Siddique, For Knowing Involvement In Abraaj Misconduct - Mr Siddique Has Withdrawn His FMT Review Of The DFSA’s Decision

Date 26/10/2022

The Dubai Financial Services Authority (DFSA) published its Decision Notice against Mr Waqar Siddique (Mr Siddique) in January 2022 for serious failings in respect of the Abraaj Group. Mr Siddique was fined USD 1,150,000 (AED 4,223,375) and prohibited and restricted from performing any function in or from the DIFC. Mr Siddique referred the DFSA’s findings in the Decision Notice for review by the Financial Markets Tribunal (FMT), an independent appeal tribunal. 

Worldline Launches A New Offer For Merchants, Worldline Tap On Mobile, And Announces The Acquisition Of A Majority Stake In SoftPos.eu FinTech

Date 26/10/2022

Worldline [Euronext: WLN], a global leader in payment services, today announces the closing of the acquisition of a 55% stake in SoftPos.eu, a Warsaw-based fintech that converts Android devices into secure payment terminals. This acquisition fully embeds Worldline’s objective to provide payment solutions that are adapted to all forms of commerce and serve the business ambitions of its clients. Based on SoftPos.eu, Worldline is launching a new product internationally: Worldline Tap on Mobile.

MNI Indicators: MNI China Liquidity Index - October 2022

Date 26/10/2022

Key Points – October Report

Liquidity conditions across China’s interbank markets eased modestly in October, the latest MNI Liquidity Condition Index shows.

Japan Financial Services Agency: The Second Meeting Of The Working Group On Corporate Disclosure Of The Financial System Council

Date 26/10/2022

The Working Group on Corporate Disclosure of the Financial System Council will hold its second meeting on November 2, 2022 as follows.

Securities Commission Malaysia Revokes Licence Of LT International Futures

Date 26/10/2022

The Securities Commission Malaysia (SC) has revoked the Capital Markets Services Licence (CMSL) of LT International Futures (M) Sdn Bhd for contravening its licence condition.

Monetary Authority Of Singapore Proposes Measures To Reduce Risks To Consumers From Cryptocurrency Trading And Enhance Standards Of Stablecoin-Related Activities

Date 26/10/2022

The Monetary Authority of Singapore (MAS) today published two consultation papers proposing regulatory measures to reduce the risk of consumer harm from cryptocurrency trading and to support the development of stablecoins as a credible medium of exchange in the digital asset ecosystem. These measures will be part of the Payment Services Act.

ASIC: CommSec And AUSIEX To Pay Penalty Of Over $27 Million For Systemic ompliance Failures

Date 26/10/2022

The Federal Court has ordered Commonwealth Securities Limited (CommSec) and Australian Investment Exchange Limited (AUSIEX) pay a penalty of $20 million and $7.12 million respectively for breaches of the Market Integrity Rules, Corporations Act and ASIC Act (CommSec only) for systemic compliance failures, including overcharging brokerage fees to CommSec customers on 120,933 occasions, totalling over $4.3 million.

APEX Welcomes Its First Foreign General Member, MTS Capital Co., Ltd.

Date 26/10/2022

Asia Pacific Exchange (“APEX”) is pleased to welcome MTS Capital Co., Ltd. (“MTS Capital”) as a Foreign General Member of Asia Pacific Exchange Pte. Ltd. with effect from 25 October 2022.