Thailand’s securities regulator says it must authorise issuances of digital tokens on decentralised finance, or DeFi, platforms under the Digital Asset Act, which regulates assets such as cryptocurrencies and digital tokens and the exchanges where they are traded.
“The issuance of digital tokens must be authorised and overseen by the SEC and the issuer is required to disclose information and offer the coins through the token portals licensed under the Digital Asset Act,” the SEC says in a statement on June 2.
This is the SEC’s first announcement related to DeFi and comes after wild swings in the price of TukTuk Finance digital tokens traded on DeFi platform Bitkub Chain. According to a June 1 report in the
Malaysia’s exchange-traded fund (ETF) industry assets fell 8.97% in the first quarter driven by a decline in bond funds.
The ETF market’s total assets as of March 31 was 2.03 billion ringgit (US$490 million), down from 2.23 billion ringgit at the end of 2020, according to data published on the website of the Securities Commission Malaysia. The regulator typically posts the data without providing analysis.
ETF assets were dragged down partly by a decline in funds with exposure to Malaysian bonds, according to a fund manager at a Malaysian asset management company.
“Overall, there’s increasing optimism that Malaysia’s economy will pick up this year, as the [Covid-19] vaccination programme is underway, hence you will start to see investors reducing exposure to safe haven assets,” he tells
South Korea’s Government Employees Pension Service (GEPS) is looking to hire six foreign securities brokerage firms for its US$1.6 billion international portfolio.
The firms will be responsible for trading services in foreign equities, bonds, and exchange-traded funds, GEPS says in a request of proposal published on the website of the Korea Investment Financial Association on May 24.
It did not detail the eligibility criteria for applicants, saying only that the brokerages will be hired for a six-month period. The tender is open until June 11.
The document does not specify the value of the fund’s foreign portfolio but a GEPS spokesperson tells