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
Sanctions
US to Restrict Chinese Access to Cloud Computing Services – Report
05/07/2023
Cloud providers like AWS and Microsoft Azure would have to seek government permission to serve Chinese firms that use such platforms to train AI models.
Enforcement
European Commission Proposes Rules to Enhance GDPR Enforcement Efficiency
04/07/2023
The GDPR Procedural Regulation aims to streamline cooperation between data protection authorities by harmonising some administrative procedures in cross-border cases.
Crypto / Digital Assets
Korea Launches New Alerting System for Abnormal Crypto Activity
04/07/2023
DAXA said the alert messages will be triggered by sudden price changes and spikes in trading or deposit volumes, among other indicators.
Capital / Liquidity
China Holds $3tr in Unreported FX Reserves, says Former Treasury Official
04/07/2023
Former US Treasury official Brad Setser suggests China is concealing nearly half of its FX reserves within state-owned commercial and policy banks.
Capital / Liquidity
Chinese Banks Further Lower USD Deposit Rates to Halt Yuan Decline
04/07/2023
The big five state-owned banks have capped their dollar deposit rates at 2.8 percent, down from 4.3 percent previously, effective from 1 July.
Capital / Liquidity
Argentina Embraces Yuan Accounts to Tackle Dollar Shortage
04/07/2023
The central bank of Argentina stated that it has granted permission for local banks to accept yuan deposits.
AML / KYC
China Intensifies Efforts to Combat Tax Fraud
03/07/2023
The crackdown is focusing on major industrial and regional cases and professional criminal gangs.
Crypto / Digital Assets
Thai SEC Prohibits Crypto Lending, Deposit Taking Services
03/07/2023
Crypto firms will also have to disclose a warning about the risks associated with trading cryptocurrencies from 31 July 2023.
Lawrence Wong Appointed Chairman of MAS Board
03/07/2023
Lawrence Wong will replace Tharman Shanmugaratnam, who will step down to run in Singapore’s upcoming presidential election.
Securities / Derivatives
Korea Passes Bill to Strengthen Penalties for Unfair Trading
03/07/2023
The FSC will be able to impose a penalty surcharge of up to twice the amount of illegally earned profits. The enhanced penalties will take effect in January 2024.
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