Crypto / Digital Assets

NYAG Secures $2bn Settlement from Crypto Lender Genesis

21/05/2024

New York Attorney General Letitia James said the settlement was the largest against a crypto firm in the state’s history.

Fintech / Regtech

Taiwan FSC Issues New Data Governance Consultation

21/05/2024

The consultation categorises customer data of FIs into four levels, and proposes corresponding governance methods for each level during data sharing.

Market Infrastructure

HKEX Implements Enhancements to Swap Connect

21/05/2024

The enhancements include a compression service to help firms reduce their capital costs and increase transaction settlement efficiency.

Crypto / Digital Assets

HKMA, PBOC Expand Scope of e-CNY Pilot in Hong Kong

20/05/2024

Users can top up their wallets using Hong Kong FPS. This is the world’s first linkage between a faster payment system and a CBDC system.

Enforcement

Hong Kong Court Jails Two Former Brokers for False Trading

20/05/2024

The two men, formerly licensed representatives of KGI Asia Limited and South China Securities Limited, were each jailed for three months.

Capital / Liquidity

China Unveils New Package of Measures for Property Market

20/05/2024

The measures include the purchase of unsold homes from developers by local governments to turn them into affordable housing.

AML / KYC

Indonesia Launches Anti-Fraud Strategy Guide for ITSK Sector

19/05/2024

OJK said the guide will help strengthen the digital ecosystem in Indonesia and and build public trust.

Sanctions

Australia, UK Join Allies in Targeting DPRK-Russia Arms Trade

18/05/2024

Australia targeted six entities while the UK targeted three companies and one individual for their involvement in North Korea-Russia arms trade.

AML / KYC

FATF Publishes Updated Procedures for Mutual Evaluations

17/05/2024

FATF will prioritise countries whose assessments are most outdated, that face higher risks and have important financial sectors.