
Manesh Samtani is the Editor at Regulation Asia, where he leads the regional news desk from Hong Kong, directing coverage of critical regulatory developments impacting financial services across APAC. Manesh specialises in analysing how new rules and technologies are reshaping banking, capital markets, and the fight against financial crime, providing finance professionals, compliance leaders, and policymakers with the intelligence they need to navigate risk and understand the impact of regulatory change in the region. manesh@regulationasia.com

Cryptocurrency
Industry Bodies Urge MAS to Refine Crypto-Asset Framework
22/05/2026
ISDA and ASIFMA have called for the removal of exposure caps and further clarifications on proposed rules for crypto-assets on permissionless blockchains.

Tokenisation
BOJ Signals Exploration of Tokenised Deposits Alongside CBDC
22/05/2026
BOJ's Himino Ryozo outlined the central bank's multi-faceted approach to digital money, including a new exploration into tokenised deposits settled with tokenised central bank reserves.

PEPs & Sanctions
US Extends Russian Oil Waiver With New Rationale Targeting China
22/05/2026
US Treasury issued a further 30-day extension for a sanctions waiver on Russian oil, citing a new goal of diverting crude from China to other nations.

PEPs & Sanctions
US Sanctions Iranian 'Shadow' Financial and Shipping Networks
22/05/2026
The US has targeted over 50 entities, including a major currency exchange and 19 vessels, warning foreign firms of secondary sanctions risk.

Stablecoins
Tether Preparing to Enter South Korean Stablecoin Market - Reports
22/05/2026
Tether has filed multiple new trademark applications in South Korea, signalling plans to establish a local business presence in the country.

Telegram ‘Guarantee Markets’ Facilitate Billions in Scams - RUSI
21/05/2026
Online bazaars on Telegram are enabling industrial-scale scams and money laundering using stablecoins, with one marketplace processing tens of billions of dollars.

PEPs & Sanctions
UK Fines Deutsche Bank for Russia Sanctions Breach
21/05/2026
OFSI has penalised Deutsche Bank for processing payments to a sanctioned-owned entity.

Supervision & Enforcement
FSC Korea Orders Review of ELS Mis-selling Penalties
19/05/2026
The FSC has sent a KRW 1.4 trillion penalty proposal back to the FSS for review, citing legal and policy concerns.

Cybersecurity
Anthropic to Brief FSB on Cyber Vulnerabilities Exposed by AI - Reports
19/05/2026
Anthropic will present findings from its Mythos model to the Financial Stability Board amid growing concerns over systemic risk.

Korean Life Insurers Pledge Major Overhaul of Consumer Practices
19/05/2026
All 22 of the country's life insurers have jointly committed to a new consumer-centric framework under regulatory supervision.
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