Crypto / Digital Assets

BSP Allow PHP Stablecoin Project to Enter Sandbox

13/05/2024

Coins.ph will test a peso-backed stablecoin in payments, trading, hedging and DeFi applications.

Capital / Liquidity

Korea Unveils New Measures to Speed Up PF Loan Restructuring

13/05/2024

The measures will ensure struggling real estate projects enter restructuring rather than delay the resolution of liquidity risks.

Securities / Derivatives

HKMA Issues Revised Guideline on SFC-registered AIs

13/05/2024

The revised module aims to serve as a “convenient regulatory handbook” for HKMA-authorised institutions that are also registered with the SFC.

AML / KYC

Taiwan Progresses New Anti-Fraud Legislative Package

12/05/2024

The legislative extends fraud prevention obligations to VASPs, telecom companies, and internet advertising platforms, among others.

Securities / Derivatives

Hong Kong, Saudi Arabia Working on More ETF Listings

12/05/2024

An ETF that tracks Hong Kong’s stock indices will list in Riyadh. More Saudi Arabia ETFs may also list in Hong Kong.

Sanctions

Canada Imposes More Sanctions Over October Hamas Attacks

12/05/2024

The four sanctioned individuals were designated by the US in the weeks following Hamas’ attack on Israel.

Indonesia, UAE Agree on Local Currency Settlement Framework

11/05/2024

New MoU outlines a framework to facilitate the settlement of cross-border trade transactions using local currencies.

Sanctions

New Zealand Asked to Expand Myanmar Sanctions

11/05/2024

Company records show that New Zealanders have ties to mining companies which benefit the military junta.

Fintech / Regtech

China, France Commit to Jointly Address AI Risks

10/05/2024

The two countries jointly commit to promoting safe, secure, and reliable AI systems for the “common good”.