Crypto / Digital Assets

FSB’s Eva Hupkes Discusses Crypto, Stablecoin and DeFi Regulation

13/03/2023

The FSB’s Eva Hupkes discusses the work underway to bring about globally harmonised regulatory frameworks for crypto assets, stablecoins, and DeFi.

Korea FSC to Further Enhance Interest Rate Disclosures by Banks

12/03/2023

Banks will be required to disclose their interest rates based on their balance of lending and deposits, which will show the profitability of each bank.

Market Infrastructure

CSRC Finalises New Cybersecurity Rules for Securities, Futures Industry

12/03/2023

The rules include requirements relating to stress testing, data backups, emergency response measures, and management of third-party suppliers.

Market Infrastructure

CFTC to Develop Stronger Rules to Address Cyber Risk

12/03/2023

The CFTC is seeking to require derivatives dealers to exercise more due diligence and oversight of the third-party service providers.

Market Infrastructure

RBI Calls for Fair Pricing, Transparency in FX Market

11/03/2023

The RBI has urged banks and FEDAI to ensure fair and transparent pricing for MSMEs and retail customers in the FX market.

Crypto / Digital Assets

Thailand Offers Tax Breaks to ICO Issuers and Investors

10/03/2023

Under a draft royal decree approved by lawmakers, corporate income tax and VAT will be waived for companies issuing digital tokens for investment purposes.

AML / KYC

BOT Announces Additional Measures to Combat Financial Fraud

10/03/2023

“Near real-time” monitoring systems must be implemented that can detect and immediately freeze suspicious transactions, among other measures.

Capital / Liquidity

APRA Proposes Changes to Quarterly ADI Performance Publication

10/03/2023

The proposed changes are meant to align the QADIP publication with the new capital framework and ensure consistency with the ADICP.

Enforcement

OFAC Cracks Down on Entities Helping Iran Evade Sanctions

10/03/2023

The sanctions target entities in China, Hong Kong, Singapore, Malaysia and elsewhere for helping Iran evade sanctions and supplying critical components for its drones.