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
PayPal Unveils Stablecoin Plans, Prompting Call for Clear Regulations
08/08/2023
PayPal plans to allow US customers to exchange PYUSD for other cryptocurrencies as well as use it to fund purchases, make transfers to external wallets, and send person-to-person payments.
AML / KYC
AUSTRAC to Implement Pre-verification Requirement for Online Gambling
08/08/2023
Identification verification procedures must be carried out before online gambling services are provided to customers, starting 29 September.
Big Picture
Banks Showing Lowest Operational Risk Losses in Years: ORX
08/08/2023
While 2022 gross operational risk losses were the lowest since 2017, an increase in fraud is driving up annual loss frequency, ORX says.
Sanctions
OFAC Halts $26m in Funds Tied to Indian Diamond Traders
08/08/2023
OFAC reportedly suspects fund transfers were made to diamond suppliers with links to Russian miners and sanctioned bodies.
ESG / Sustainability
Taiwan Inaugurates Carbon Exchange, Targeting Net Zero by 2050
08/08/2023
The Kaohsiung-based carbon exchange will initially offer consultation services. Trading will start in the first half of next year.
Securities / Derivatives
China, Saudi Arabia In Early Talks to Develop ETF Connect – Report
08/08/2023
China has rolled out several ETF Connect projects. The link with Saudi Stock Exchange would be its first beyond East Asia.
Uncategorised
SEBI Offers Clarifications on Investment Advisor Rules
08/08/2023
Those offering investment advice solely to overseas persons are not subject to the rules. Registered investment advisors can provide advice to FPIs.
Crypto / Digital Assets
Australia Expected to Consult on Crypto Rules Within Weeks – Report
08/08/2023
The rules are expected to cover crypto custody and licensing for exchanges, as well as obligations for crypto firms to protect customer funds.
ESG / Sustainability
Hong Kong to Develop Roadmap for ISSB Standards Adoption
08/08/2023
A special working group will be established to work on the roadmap and make recommendations to the Green and Sustainable Finance Cross-Agency Steering Group.
AML / KYC
CBA Imposes Monthly Limit on Transfers to Crypto Exchanges
08/08/2023
Transfers to crypto exchanges beyond A$10,000 will be declined. In some cases, certain payments to crypto exchanges will be held for up to 24 hours, regardless of the amount.
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