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Cyprus's double tax agreement with the UK is one of its most important, owing to London's predominance as a global financial centre and the strong historic links between the two countries. On March 22 2018, representatives of the two countries signed a new double taxation agreement which, once it has been ratified by both of them, will replace the existing agreement, which dates back to 1974.

Initial coin offerings (ICOs) – the blockchain-based issuance of tokens or cryptocurrencies for the purpose of fundraising – are a hot topic at the moment. There is continuing strong demand from mostly young, technology-based companies that seek to tap the capital markets through ICOs as a viable and efficient alternative to traditional fundraising. Switzerland offers an open regulatory framework for ICOs and has therefore developed as a hotspot for token offerings.

On February 20 2018, new logistics regulations under Decree 163/2017/ND-CP took effect and rescinded Decree 140/2007/ND-CP. Although Decree 163 introduces a few changes, including the digitalisation of logistics processes, it fails to open up market access and provide further clarification as expected, and may even create grey areas in practice.

Asian regulators are cracking down on cryptocurrency trading as concerns grow over the risks posed to investors. Japan's Financial Services Agency ordered cryptocurrency exchanges Bitstation and FSHO to suspend operations for at least a month when it found that a Bitstation executive had been using customers funds for personal transactions and that FSHO had failed to protect customer funds and details. Coincheck was scrutinised after it lost $530 million of its customers' money due to a hacking attack. The Japanese regulator also fined four other exchanges and ordered them to improve on their internal and operational management.

Global initiatives increasingly focus on promoting sustainable investments. The Luxembourg Stock Exchange is at the forefront

The regulation of virtual currencies poses a number of practical questions

The PRC is progressively introducing a series of measures to ease restrictions on foreign investment

Tackling money laundering is a new area of focus for the UK financial regulator. New enforcement tools could help it in that mission

Chairman Giancarlo released the white paper at the Isda AGM in Miami, outlining five steps that will simplify the regulatory process

London Block Exchange chief executive says EU regulation is a positive for the sector