Crypto / Digital Assets

Korea Sets Out Procedures for Dealing with ‘Unfair’ Crypto Trades

31/03/2024

The proposed operating rules will come into force from 19 July, when the new Virtual Asset User Protection Act also takes effect.

Crypto / Digital Assets

Nigeria Files Charges Against Binance & Executives

31/03/2024

One of the two Binance executives detained last month escaped custody. Both executives and Binance are accused of money laundering and tax evasion, among other charges.

Korea, Poland to Strengthen Financial Industry Collaboration

31/03/2024

The FSC is seeking to boost supervisory cooperation with Polish authorities and more permits for Korean banks to operate in the country.

APRA Confirms Plans to Publish Super Fund Expense Data

30/03/2024

Super fund data on director remuneration, travel and entertainment, payments to industrial bodies, and asset allocation will be published.

Enforcement

UK Court Dismisses Appeals Against Rate Rigging Convictions

30/03/2024

Two former bankers including Tom Hayes had their appeals rejected in the UK, despite the Hayes case being dismissed in the US in 2022.

UK, Australia Sign Auditor Recognition Agreement

29/03/2024

Auditors with professional qualifications in either the UK or Australia can more easily apply for recognition in the other nation.

Market Infrastructure

China Starts Shutting Down Local Financial Asset Exchanges

29/03/2024

Local financial asset exchanges in Hunan, Liaoning, Xi’an and Chongqing have been closed, with regulators in other provinces and cities planning to do the same.

AML / KYC

Australian Senate Passes Digital Identity Bill

29/03/2024

The Bill will allow myGovID to be used by the private sector, and accredited private sector IDs to be used for some government services.

Crypto / Digital Assets

VSFG & Value Partners Apply to Launch Spot Bitcoin ETF

29/03/2024

VSFG is said to be “actively engaged” in discussions with the SFC on plans to potentially launch the new spot bitcoin ETF in May.