Enforcement

SFC Fines Fund Manager for Failing to Segregate Client Funds

14/07/2023

The fund manager also issued inaccurate statements of accounts and failed to provide statements of accounts to clients within the prescribed time limit.

ESG / Sustainability

Verra to Help Indonesia Align Climate Projects with Global Standards

14/07/2023

Verra will work towards harmonising Indonesia’s climate change project registration system with its own registry.

Market Infrastructure

RBA Commences Overhaul Process after Comprehensive Review

14/07/2023

Starting 2024, the RBA will introduce new changes to the way the central bank is managed and how its board handles monetary policy.

Crypto / Digital Assets

UK Treasury Consults on Digital Securities Sandbox

13/07/2023

The proposed Digital Securities Sandbox will enable firms to test issuance and trading of digital securities.

Crypto / Digital Assets

Korea Issues Guidelines on Crypto Accounting & Disclosures

13/07/2023

The new guidelines seek to enhance accounting and disclosure requirements for companies that issue or hold virtual assets.

Crypto / Digital Assets

Woori Bank Caught Up in Crypto-related Embezzlement Scandal

13/07/2023

On of Woori Bank’s employees embezzled about KRW 90 million and used it for personal investments in crypto.

Crypto / Digital Assets

Korea Prosecutors to Form New Unit Dedicated to Crypto Crime

12/07/2023

The new Virtual Asset Joint Investigation Unit will launch by the end of the month and focus on investigating crypto-related crime including fraud.

Fintech / Regtech

Cambodia Partners With UnionPay on QR Code Payments

12/07/2023

KHQR users in Cambodia would be able to directly scan UnionPay QR codes in China within this year.

Market Infrastructure

IDX Explores Dual-Listing Options With Global Exchanges

12/07/2023

IDX is exploring the feasibility of cross-listings in Singapore, Hong Kong, Malaysia, South Korea and London.