Cayman Island’s new Virtual Assets (Service Providers) Law 2020

China’s key financial regulator, the National Financial Regulatory Administration (“NFRA”), has published its highly-anticipated uncleared margin rules. The NFRA’s uncleared margin rules impose initial margin (“IM”) and variation margin (“VM”) requirements on non-centrally cleared derivatives transactions entered into by Chinese banking and insurance sector financial institutions regulated by the NFRA. The new rules are broadly consistent with the global regulatory margin standards published by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions (“Basel Margin Standards”).

On 6 December 2024, the Hong Kong* Government published the highly anticipated Stablecoins Bill (Stablecoins Bill). On 18 December 2024, it was introduced into the Legislative Council of Hong Kong for First Reading.

In July 2021, the European Commission presented “Fit for 55” package aimed at making the EU’s climate, energy, transport and taxation policies suitable for reducing net greenhouse gas (“GHG”) emissions by at least 55% by 2030 compared to 1990 levels, ultimately achieving climate neutrality by 2050.