Posts By Editors, Regulation Asia
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228Korea: Man Arrested for Allegedly Stealing Bithumb Funds
Editors, Regulation Asia February 7, 2023Kang Jong-Hyun is suspected of conspiring to manipulate the stock price of Bithumb affiliates and steal KRW 60 billion in company funds.
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355OFAC Targets Sanctions Evasion Network Supporting Russia
Editors, Regulation Asia February 7, 2023Entities based in Singapore, Israel, Latvia, Cyprus, and Bulgaria were among those sanctioned for supporting sanctioned, state-owned Russian defence firms.
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187SEBI Proposes to Allow REITs, InvITs to Issue Depositary Receipts
Editors, Regulation Asia February 7, 2023SEBI says the move will enable greater participation by foreign investors in domestic REITs and InvITs.
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336New York Woman Charged for Financing Terrorist Groups With Crypto
Editors, Regulation Asia February 7, 2023The case is one of the rare cases worldwide where cryptocurrency is alleged to have financed terrorism, said Manhattan District Attorney Alvin Bragg.
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380CBA to Introduce New ‘NameCheck’ Scam Prevention Feature
Editors, Regulation Asia February 6, 2023'NameCheck' will provide customers an indication of whether the name and account details they have entered in money transfers are correct.
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275Indian Regulators Respond to Adani Group Stock Selloff
Editors, Regulation Asia February 6, 2023SEBI said the market continues to function effectively. The RBI said the banking sector remains resilient and stable. Adani companies have meanwhile lost $110mn in market cap.
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264Hong Kong: New Regulatory Regime for Depositories to Start by 2025
Editors, Regulation Asia February 6, 2023About 20 depositaries and 300 individuals will require licensing under RA 13, the new regulated activity for depositories of collective investment schemes.
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297China Launches Market Making for Exchange Bond Market
Editors, Regulation Asia February 6, 2023The CSRC said market-making will help reduce liquidity premiums and issuance costs while also improving pricing efficiency in the exchange bond market.
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315US Authorities Probe Crypto Bank Silvergate Over FTX Dealings
Editors, Regulation Asia February 6, 2023The criminal probe is said to be focused on Silvergate's dealings with the now-bankrupt FTX and Alameda Research, and its hosting of accounts tied to both companies.
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269KRX Outlines Key Strategies to Boost Market Appeal in 2023
Editors, Regulation Asia February 6, 2023The strategies include allowing night-time derivatives trading, a change to the dividend system, new derivatives product launches, and a new market for digital securities.
