Thailand prohibits the use of cryptocurrency for payment and places restrictions on trading and investing

Thailand has stated that cryptocurrency would no longer be accepted as a form of payment for goods and services.

The Securities and Exchange Commission (SEC) said on Wednesday that the prohibition will take effect on April 1.

"The SEC creates regulations for providing ser...

CHINA PBC CONDUCTS REVERSE REPOS OF 10 BILLION YUAN

Highlights –

• People’s Bank of China (PBC) set interest rate for the seven-day reverse repos at 2.2 percent.
• China's yuan weakened against a basket of currencies last week.
• China's interbank treasury bond index in net pri...

TSE CONSIDERS EXTENDING TRADING HOURS BEYOND 3 P.M

Highlights –

• TSE considers extending trading hours beyond 3 p.m.
• Securities houses and institutional investors will discuss extending the market close.
• TSE is currently operated for five hours from 9 a.m. with an hour lunch break.

S. KOREA’S SALES IN ELS FALL MORE THAN 30% IN Q1 2021

Highlights –

• S. Korea’s sales in ELS fall more than 30% in Q1 2021.
• In Q1 the value of ELS issues came to US$16.8 billion.
• The figure was also down 10.3 percent from the 20.9 billion won from a year earlier.
• The outst...

S. KOREA’S SALES ON ELS DROP TO 30% IN Q1 2021

Highlights –

• S. Korea’s sales on ELS drop to 30% in Q1 2021.
• In Q1, the value of ELS issues recorded $16.8 billion.
• ELS based on South Korea's benchmark KOSPI tumbled 19 percent in Q1.
• As of end-march the outstan...

WISDOMTREE ETF APPLICATION UNDER REVIEW

Highlights:

•       The ETFs allows investors to invest in regulated financial products without investing in crypto directly

•       US SEC has 8 applications for ETFs with them currently

The US Se...

NOMURA HOLDINGS LIKELY TO POST A LOSS DUE TO U.S TRANSACTIONS

Highlights –

• Nomura holdings likely to post a loss due to U.S transactions.
• Nomura Securities Co. estimates a claim against the U.S client to be around $2 billion.
• The company plans to cancel issuance of $3.25 billion in corporate bo...

CHINESE STOCKS FELL AFTER ANNOUNCEMENT OF NEW U.S AUDITING STANDARDS

Highlights –

• Chinese stocks fell after announcement of new U.S auditing standards.
• The move by SEC comes as the unprecedented regulatory crackdown in China on domestic technology companies.
• The SEC is said to have fast-tracked the rul...

US-BASED CRYPTO PLATFORM COINBASE TO LAUNCH IPO

Highlight:

•             Coinbase has filed for IPO listing

•             It has been planning the same since December

Coinbase had been ...

US SEC: LBCC’S REGISTERED SECURITIES REVOKED

Highlights:

•             LBCC changed its business from refreshment drinks to blockchain

•             The firm has not filed its financial report...

TOKYO STOCKS END LOW ON THURSDAY OVER CONTINUED INVESTOR GAINS

Highlights –

• Tokyo stocks end low on Thursday over continued investor gains.
• The 225-issue Nikkei Stock Average ended down 56.10 points.
• Topix index of all First Section issues on the TSE finished at 19.58 points.
• Stocks d...

THAI SEC: LOOKING AT PARAMETERS OF RETAIL INVESTORS BEFORE LETTING THEM INVEST

Highlights:

•          Thai SEC wants to protect its retail investors

•          It wants to fix up qualifying parameters for the retail investors

Securities and Excha...

CNB & NIGERIAN SECURITIES AND EXCHANGE OFFICIALS ASKED TO EXPLAIN BAN ON CRYPTOCURRENCY

Highlights:

•             There has been widespread opposition to the crypto ban in Nigeria

•             The Senate has now asked the officials th...

CRYPTOCURRENCY ADVOCATE DAN TAPIERO SETS UP A $200 MILLION FUND

Highlights:

• Investors are vying for  cryptocurrencies for investments
• Investor Dan Tapiero's $200 million funds will aid cryptocurrency start ups

Dan Tapiero has been a cryptocurrency champion for a long time. He is also a macro investor. Wi...

ALIBABA REPORTS HUGE QUARTERLY PROFITS EVEN AS BEIJING STIRS TROUBLE

• Alibaba reported big quarterly earnings in profits for its e-commerce business. However China's most prosperous tech firm had nervousness writ large on faces of investors on Tuesday.
• This was due to a regulatory crackdown by Beijing followed by co-founder Jack Ma's bad ...

INDIAN STOCK EXCHANGES APPROVE $ 3.4 BILLION RELIANCE AND FUTURE DEAL

HIGHLIGHTS

• Indian stock exchanges have approved the US $ 3.4 billion deal between Future Group and Reliance Retail.
• Amazon did not want this deal to happen.

Recently, Indian stock exchanges approved the US $ 3.4 billion deal between ...

PBOC PUBLISHES RULES CONCERNED WITH A COMPANY’S CORPORATE CREDIT BONDS

Highlights –

• PBOC publishes rules concerned with a company’s corporate credit bonds.
• The National Development and Reform Commission and the China Securities Regulatory Commission have also participated in the above.
• There have b...

JAPANESE COMPANIES INTRODUCING EARLY RETIREMENT GREW IN FISCAL 2020

Highlights –

• Japanese companies introducing early retirement grew in fiscal 2020.
• An independent survey was conducted by a research firm to study the above.
• Early retirement was offered by 72 listed companies as of Oct.29.
• ...

NET PROFIT OF COMPANIES LISTED ON TSE’S FIRST SECTION DROPPED BY 43.6%

Highlights –

• Net profit of companies listed on TSE’s First Section dropped by 43.6%.
• The air transport sector suffered a net loss of 349.7 billion yen.
• ANA Holdings Inc. last week reported a net loss of 188.4 billion yen.
...

FCPA INVESTIGATIONS INVOLVING NOVARTIS RESOLVED

HIGHLIGHTS

• Novartis has reached settlements with DOJ and SEC regarding investigations against it.
• With the settlements reached, the investigations against Novartis come to a close.
• The settlements cover the fines that Novartis and its subsi...