Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Articles by Editors
Crypto / Digital Assets
Japan Approves Reforms to End Tax on Unrealised Crypto Gains
27/12/2023
Crypto assets issued by third party organisations can be held by corporations without being marked-to-market for taxation.
Crypto / Digital Assets
BOC Settles First Cross-border Precious Metals Trade Using e-CNY
26/12/2023
Bank of China transferred CNY 100 million in cash from an overseas buyer and deposited the funds as digital yuan at the Shanghai Gold Exchange.
Sanctions
China Sanctions Data Provider Kharon and Two Employees in Response to US Sanctions
26/12/2023
China’s Ministry of Foreign Affairs announced sanctions against US-based Kharon and two researchers under the Anti-Foreign Sanctions Law in response to US human rights sanctions.
Enforcement
Korea Fines BNP Paribas, HSBC $20.4m for Illegal Short Selling
26/12/2023
The FSC said the naked short-selling transactions lasted for months and were thus were “viewed as not inadvertent but intentional.”
Enforcement
Singapore Announces Criminal Charges Over DPRK Gasoil Sales
26/12/2023
Defendants are accused of shipping gasoil to North Korea in violation of UN sanctions via the MT Courageous, an oil tanker seized by the US in 2021.
ESG / Sustainability
HKMA Study: Climate Change Will Dampen Housing Prices
26/12/2023
The study finds that global warming and severe typhoons can meaningfully lower housing prices in Hong Kong in the long run.
Securities / Derivatives
Japan Prepares to Launch ‘Asset Management Forum’
26/12/2023
A committee has been established to plan the launch of a new platform to promote Japan’s asset management industry internationally.
Sanctions
US Threatens Foreign Banks with Sanctions over Russia Transactions
23/12/2023
New executive order authorises OFAC to sanction non-US banks for facilitating certain Russian transactions as US imposes new restrictions on Russian seafood and gold imports.
Enforcement
Insurer Settles with OFAC after Issuing Policies to Sanctioned Russian’s Company
23/12/2023
US-based Privilege Underwriters Reciprocal Exchange agreed to pay USD 466,000 over policy written for Panamanian company owned by sanctioned oligarch Viktor Vekselberg.
Securities / Derivatives
SFC Updates Guidance to Streamline Approval Processes for Funds
23/12/2023
The streamlined measures will enhance the operational efficiency and approval processes of SFC-authorised funds.
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