Market Infrastructure

BOJ Pledges More Flexibile Yield Curve Control Policy

01/11/2023

The BOJ said its strict cap on long-term interest rates would in principle have “strong positive effects”, but that it could also entail “large side effects”.

AML / KYC

FATF Consults on Amendments to Recommendation 25 Guidance

01/11/2023

The guidance will support implementation of the revised Recommendation 25, to help address risks from trusts or similar legal arrangements.

Crypto / Digital Assets

Thailand’s Kasikorn Bank Acquires Digital Asset Exchange

01/11/2023

Kasikornbank has also established a digital asset custodian, a digital asset fund management company, and a blockchain infrastructure development company.

Fintech / Regtech

MAS to Launch POC to Enhance Interoperability for QR Payments

01/11/2023

The POC will explore the feasibility of enabling merchants to accept QR payments from a variety of local and international payment schemes by signing up with a single FI.

ESG / Sustainability

BOK, KRX to Test CBDC Use in Carbon Emissions Trading

01/11/2023

More specific details on the experiment will be announced at the end of November. The experiment is scheduled to be conducted in Q3 and Q4 next year.

AML / KYC

FATF Issues Report on Crowdfunding for Terrorism Financing

01/11/2023

The report describes how terrorist groups exploit crowdfunding platforms and provides risk indicators and recommendations to help combat this activity.

Crypto / Digital Assets

Malaysia’s Fusang Exchange Issues First Institutional Tokenised Sukuk

01/11/2023

The digital sukuk is os structured as a depositary receipt, backed by a sukuk issued by the International Islamic Liquidity Management Corp.

Sanctions

US, UK, Canada Announce New Myanmar Sanctions

01/11/2023

OFAC restricts financing to Myanma Oil and Gas Enterprise (MOGE), as UK and Canada add new names to asset freeze lists.

Crypto / Digital Assets

UK Confirms Plans to Implement New Rules for Crypto, Stablecoin

31/10/2023

Treasury says the government aims to have legislation for the new regime before Parliament in 2024.