Enforcement

Kakao’s Billionaire Founder Arrested in South Korea

24/07/2024

Kim Beom-su was arrested on allegations that he played a role in manipulating the stock price of K-pop agency SM Entertainment last year.

Crypto / Digital Assets

US Exchanges Commence Trading in First Spot Ether ETFs

24/07/2024

Nine ETFs saw $1.07bn worth of shares traded on the first day, resulting in net inflows of around $106.7mn.

Crypto / Digital Assets

Emerging Markets Particularly Vulnerable to Stablecoin Risks: FSB

24/07/2024

New FSB report says EMDEs are particularly vulnerable to macro-financial risks associated with the use of foreign currency-pegged stablecoins.

Sanctions

US Commerce Dept Expands Export Controls Against Iran

24/07/2024

The expansion of export controls seeks to address concerns regarding Iran’s potential use of US technology in weapons systems.

Sanctions

Japan Imposes First Sanctions Against Israelis in West Bank

24/07/2024

Japan designated four Israeli settlers involved in violent acts against Palestinians as targets for asset freezing measures.

Sanctions

OFAC Issues New Form for Reporting Russian Sovereign Assets

24/07/2024

The form is part of implementing a law passed in April to enable the confiscation of Russian sovereign assets frozen in the US.

Market Infrastructure

China Concludes Third Plenum With Release of Economic Blueprint

23/07/2024

The blueprint for the economy mostly reiterates policy priorities that have been announced over the last few years.

Fintech / Regtech

Korea to Allow Sale of Pension Products That Use AI

23/07/2024

Firms that passed a review can apply for designation as “innovation financial services” in September and sell AI-driven pension products online in December.

Capital / Liquidity

PBOC Unexpectedly Cuts Rates to Stimulate Economy

23/07/2024

The PBOC also said banks can apply for a phased reduction or exemption of MLF collateral if they intend to sell medium- and long-term bonds.