Fintech / Regtech

Korea: FSC Chairman Pledges Support for AI Initiatives

28/08/2024

Kim Byoung-hwan said regulations will be relaxed to ensure the financial sector leads Korea’s push to become a top-three global leader in AI.

Securities / Derivatives

Alibaba Converts HK Shares to Gain Stock Connect Inclusion

28/08/2024

Inclusion in Stock Connect is expected to provide a boost to Alibaba’s shares as well as the Hong Kong market as a whole.

Securities / Derivatives

Dalian Exchange Launches Egg, Corn Starch, Live Pig Options

28/08/2024

The DCE, which now lists 16 options and 21 futures varieties, said the new contracts will help enterprises with risk management.

Crypto / Digital Assets

Crypto Founder Pleads Guilty for Defrauding Investor

28/08/2024

CluCoin founder Austin Michael Taylor used $1.14mn of investor funds at online casinos and “lost these investor funds to gambling”.

Enforcement

CFTC Fines BNY Mellon for Swap Reporting Failures

27/08/2024

The CFTC said BNY failed to properly report transactions, supervise its swap dealer business, and monitor staff communications.

Crypto / Digital Assets

Thai SEC Enhances Governance Standards for Crypto Firms

27/08/2024

Crypto firms must have at least five directors on their board, including two independent directors, and establish an audit committee.

AML / KYC

Former Vitol Trader Pleads Guilty to Bribery Scheme

27/08/2024

Javier Aguilar and co-conspirators paid $600,000 in bribes in 2018 to two senior Mexican officials to win contracts for Vitol.

Securities / Derivatives

CSRC Grants SHFE Approval to Launch New Options Contracts

27/08/2024

The Shanghai Futures Exchange has been granted approval to launch lead, nickel, tin and alumina options contracts.

AML / KYC

Thailand Extradites Crypto Fraud Suspect to China

27/08/2024

The Malaysian national is the first suspect to be sent from Thailand to China under an extradition treaty that took effect in 1999.