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 Sanctions Myanmar Ministry of Defence, Two State Banks
23/06/2023
OFAC said the two banks facilitate foreign currency exchanges that enable the military regime to buy weapons from foreign markets and entities.
AML / KYC
Senate Committee to Investigate Perth Mint’s AML Compliance
22/06/2023
The Senate voted to set up the inquiry into Perth Mint, without support from the federal Labor government.
Fintech / Regtech
ASIC Chair Cautions Against Hasty Implementation of AI Tools
22/06/2023
ASIC plans to extend its automated order processing rules to futures markets and update its electronic trading guidance to reflect developments with AI.
Enforcement
SEBI Settles With NSE Over 2021 Trading Glitch
22/06/2023
NSE and NSE Clearing have to pay a combined $8.9mn to end proceedings over a 2021 glitch that cause a complete trading halt for over three hours.
AML / KYC
China CCDI Analyses Corruption Cases at China Development Bank
22/06/2023
CCDI attributed CDB’s corruption problem to a lack of self-discipline among its leaders, inadequate internal governance and control, and a “backward” corporate culture.
Market Infrastructure
CSRC Issues Guidelines to Improve Bond Registration System
22/06/2023
The guidelines streamline the debt issuance process, enhance information disclosure requirements, and tighten the responsibilities of issuers and intermediaries.
Crypto / Digital Assets
Wall Street Firms Launch New Crypto Exchange, EDX Markets
22/06/2023
EDX Markets is backed by Charles Schwab, Citadel Securities, Fidelity Digital AssetsSM, Paradigm, Sequoia Capital, and Virtu Financial, among others.
Fintech / Regtech
Embattled PwC Caught up in Russian Cyberattack
22/06/2023
A Russian hacker group known as CL0P exploited a vulnerability in MOVEit, a third-party software platform used for secure data transfer.
Crypto / Digital Assets
MAS Grants Ripple In-Principle Approval to Offer DPT Services
22/06/2023
Ripple said the licence will allow it to offer regulated digital payment token products and services in Singapore and scale on-demand liquidity service.
Crypto / Digital Assets
Japan Crypto Firms Call for Looser Margin Trading Restrictions
22/06/2023
An existing 2x leverage cap for retail investors is intended to curb excessive speculation and protect investors from significant losses.
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