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Proposed Hong Kong Stablecoin Licensing Regime | Dechert LLP

The Hong Kong Monetary Authority (HKMA) on 12 January 2022 issued a discussion paper on Crypto-assets and Stablecoins. The HKMA received over 50 responses from the public and issued its. ....

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Insufficient financial aid

Insufficient financial aid ....

Covid 19 , Financial Support , Small Businesses , Self Employed , Business Restriction , Usienss Loss , Social Distancing Rule ,

Relief for self-employed

Speed up legislation to compensate for business losses
Self-employed people are slipping deeper into debt, as they have been ordered to close or limit their business operations under state-imposed social distancing guidelines aimed at containing the spread of the COVID-19 pandemic. As things stand, their economic plight is unlikely to be alleviated anytime soon.
According to a report released by the Bank of Korea, the outstanding debt of 2.38 million self-employed persons amounted to about 803.5 trillion won ($718.8 billion) at the end of last year, up 118.6 trillion won from a year ago. The increase is nearly double the previous year s rise of 60.6 trillion won, meaning that 44 percent of the nation s 5.42 million self-employed people have an average debt of 337 million won. The self-employed who took out loans for the first time last year borrowed nearly 125.8 trillion won. And nearly 200,000 individuals are heavy debtors who have borrowed money from at least three diffe ....

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Caithness businesses start receiving Closure Grants

Caithness businesses start receiving Closure Grants
By David G Scott
|
Updated: 14:32, 25 January 2021
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Businesses in Caithness and other parts of Highland will receive Closure Grant payments in their bank accounts from today.
The Business Closure Grant is a Scottish Government scheme, administered by Highland Council, which gives grants of Â£2000 and Â£3000 to businesses who have had to close due to the Covid-19 protective measures introduced on Boxing Day.
Councillor Trish Robertson, chair of the councilâs Economy and Infrastructure Committee said: âWe have had a great response to this grant scheme and have been working flat out over the last few weeks to process over 3300 applications. ....

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Businesses in the Highlands hit by new coronavirus measures start receiving closure grants

Businesses in the Highlands hit by new coronavirus measures start receiving closure grants from council
By Val Sweeney
|
Updated: 14:14, 25 January 2021
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Councillor Trish Robertson.
Hundreds of Highland businesses forced to close under the latest coronavirus lockdown measures will begin receiving payments from today.
The Business Closure Grant is a Scottish Government scheme, administered by Highland Council, which gives grants of Â£2000 and Â£3000 to businesses who have had to close due to the Covid-19 protective measures introduced on Boxing Day.
Councillor Trish Robertson, chairwoman of the economy and infrastructure committee said staff had been working flat out over the last few weeks to process over 3300 applications. ....

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