News list for " Amendments"
On June 19, 2024, the Securities Supervision Commission issued the "Eight Measures on Deepening the Reform of the Science and Technology Innovation Board to Serve Scientific and Technological Innovation and the Development of New Quality Productive Forces", which proposed to carry out the pilot program of deepening the issuance and underwriting system. In the pilot program of the Science and Technology Innovation Board, the offline investment institutions with a higher lock-up ratio and a longer...
The newly revised "Anti-Money Laundering Law of the People's Republic of China" will come into force on January 1, 2025. Ying Yong, Secretary of the Supreme People's Procuratorate Party Group and Prosecutor General, stressed that it is necessary to coordinate and strengthen the fight against money laundering crimes, accurately grasp the provisions of the revised Anti-Money Laundering Law on improving the scope of predicate crimes of money laundering, implement the Anti-Money Laundering Law and t...
On November 1st, the Ministry of Commerce, the China Securities Supervision Commission, the State-owned Assets Supervision and Administration Commission of the State Council, the State Administration of Taxation, the State Administration of Market Regulation, and the State Administration of Foreign Exchange revised and issued the "Measures for the Administration of Strategic Investment by Foreign Investors in Listed Companies". The revised "Measures" relax the asset requirements of foreign inves...
The police in the Australian state of Victoria have successfully seized $142,679 worth of cryptocurrency for the first time after a recent law amendment allowed police to take control of digital assets. The Victorian Police Service released its Annual Report 2023-2024 on October 31, highlighting the recent "new powers" authorised following the addition of "Section 92A Seizure of Digital Assets on Search Warrants" to the Confiscation Act 1997. Effective August 1, 2023, the law change authorises V...
Amendments to the United Arab Emirates' Value Added Tax (VAT) regulations will exempt the transfer and conversion of virtual assets, including cryptocurrencies. PwC said the new regulations include VAT exemptions for additional services, including managing investment funds and transferring and converting virtual assets.
On September 25th, Japan's Financial Services Agency discussed providing enterprises with a more convenient mechanism for processing cryptoassets (virtual currencies) at a panel meeting on the revision of its fund settlement law. Participants believed that reducing the burden on enterprises will promote the participation of large domestic gaming companies and promote the research and development of related blockchain ecosystems. The meeting also mentioned that with the expansion of the virtual c...
On September 25th, according to the official website of the US Congress, on September 23rd local time, there was another progress in the legislation of the US Biosafety Act. In the latest amendment, WuXi Biologics has been removed, but WuXi AppTec, BGI, BGI and its subsidiary Complete Genomics are still listed. At the same time, the plan is to be renamed the "Prohibition of Foreign Access to US Genetic Information Act", and will further focus on human data-related business. For the aforementione...
Singapore's parliament has passed amendments to the Casino Regulation Act aimed at further enhancing the effectiveness of the country's casino regulatory regime and its safeguards for disadvantaged groups. The amendments make some significant changes to Singapore's casino regulatory framework. The GRA will be given more powers to regulate more forms of gambling within casinos, including betting and lotteries. This will prevent the regulatory regime from becoming obsolete due to new products that...
The full text of the newly revised "Regulations on Promoting the Construction of an International Financial Center in Shanghai" has been released, which states that the Shanghai Municipal People's Government should cooperate with the central financial management department to steadily promote the development and application of digital RMB in this city, build functional platforms such as digital RMB innovation and operation centers, facilitate the cross-border use of digital RMB, study applicatio...
The US Treasury plans to amend the Bank Secrecy Act to include cryptocurrencies in the definition of "currency" and implement new reporting requirements. The measure aims to bring cryptocurrencies under the same reporting rules as traditional fiat currencies to enhance financial transparency. The final rule is expected to be published in September 2025. The revised rules will cover convertible virtual currencies and digital assets with fiat currency status, including central bank digital currenc...
Indonesian official: The Indonesian Ministry of Trade plans to amend the domestic market obligation rules for palm oil.
On July 29, according to foreign media reports, Bambang Wisnubroto, an Indonesian trade ministry official, said on Monday that it plans to revise the domestic market obligation rules for palm oil, which may change the prices and types of some products sold in the local market. Indonesia currently requires palm oil producers to sell a portion of their production to the domestic market at a set price in order to obtain export licenses. Bambang did not provide further details, but said the ministry...
According to the official announcement, Bithumb has amended its terms of use to comply with the Korean Virtual Asset User Protection Law, including: 1. Refine the concepts of virtual assets, profits, and abnormal transactions, and delete the "content service" item; 2. Modify the service type in combination with the actual situation, and add laws and regulations as the basis for the right to use the service. 3. Add the "Virtual Asset User Protection Law" as the basis for amending the provisions. ...
In a filing with the Securities Exchange Commission on July 3, Bitwise amended the Form S-1 registration statement for its Ethereum Spot ETF in advance to include a waiver of sponsorship fees for the first $500 million trust assets for the first six months. The filing did not include a specific launch date for listing and trading on the NYSE Arca, but said it would begin "as soon as possible" after the effective registration date. Bloomberg analyst James Seyffart previously reported that Bitwise...
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