Indonesia
In Indonesia, crypto firms need to undergo assessment within a regulatory sandbox before receiving licence.
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Greater China
If the US bans TikTok, then Canada and the UK may follow suit.
World
Bankman-Fried acknowledged that FTX customers had suffered, and he offered an apology to his former FTX colleagues.
Prosecutors also charged the exchange’s founders, Chinese nationals Chun Gan and Ke Tang, with conspiracy.
The app aims to generate as much as $20b GMV in the world’s biggest consumer market.
The resolution, proposed by the US, is nonbinding.
The measures are expected to drive China’s consumer finance companies to seek deeper-pocketed investors or merge.
India
The move partly eases the disclosure rules that were put in place last year.
Four major construction firms are some of the intended recipients.
The stricter measures come amid a regulatory tightening across China’s financial sector.