Securities / Derivatives

CFTC Grants Osaka Exchange FBOT Registration Status

23/08/2018

Osaka Exchange demonstrates the attributes of an established, organised exchange which is subject to continued oversight by regulators, the CFTC said.

AML / KYC

AusPayNet Consults on Online Fraud Mitigation Framework

23/08/2018

‘Card-not-present’ fraud accounts for 85% of all card fraud, as criminal activity migrates to online channels following the success in chip technology in preventing in-person fraud.

Enforcement

China Sees Largest Ever Theft of User Data

23/08/2018

Shenzhen-listed Ruizhi Huasheng Technology, a third party developer for state-run mobile carriers, stole up to 3 billion pieces of user data from 96 companies including Alibaba, Tencent and Baidu.

Enforcement

Hong Kong Forex Broker Fined for Mishandling Client Money

23/08/2018

HPI Forex Limited transferred client money from segregated client account to two overseas brokers, breaching the Code of Conduct and the SFC’s client money rules.

Fintech / Regtech

Thailand Central Bank Digital Currency Prototype Slated for Q1 2019

22/08/2018

Bank of Thailand will work with 8 participating banks to design, develop and test domestic wholesale funds transfers using a central bank digital currency.

Crypto / Digital Assets

Chinese Police Arrest Hackers on Suspicion of $88mn Cryptocurrency Theft

22/08/2018

Chinese police have arrested three individuals who allegedly hacked computers belonging to individuals and companies to steal 600 million yuan in bitcoin and ether.

Fintech / Regtech

Cambodia Launches Fintech Association

21/08/2018

New body will connect Cambodia with overseas fintech associations and has already signed agreements with associations in Thailand, Singapore and Taiwan.

Crypto / Digital Assets

Thailand Green Lights Seven Crypto Operators

21/08/2018

Crypto businesses were in May given 90 days to register with the SEC if they wished to carry on their business.

Capital / Liquidity

Moody’s Upgrades 14 Vietnamese Banks Following Sovereign Ratings Upgrade

20/08/2018

Three state-run banks were among those that received local and foreign currency ratings upgrades following a notch up in Vietnam’s sovereign rating earlier this year.