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
Singapore-Based Crypto Wallet BitKeep Suffers $8m Hack
05/01/2023
BitKeep said it is working to recover the stolen funds, some of which have already been frozen. Compensating victimised users is a top priority.
AML / KYC
NYDFS Ends Coinbase AML Probe With $100m Settlement
05/01/2023
The settlement includes a $50mn penalty and a commitment by Coinbase to invest a further $50mn in its compliance programme over the next two years.
Enforcement
FSC Korea Reorganises Capital Market Fraud Investigation Unit
05/01/2023
The change will improve the efficiency and expertise available for conducting investigations into capital market frauds, the FSC said.
Fintech / Regtech
CBIRC Approves Capital Raise by Ant’s Consumer Finance Unit
05/01/2023
The approval is being hailed as a “milestone” after Chinese regulators forced Ant Group to cancel its IPO in November 2020 and ordered it to restructure.
Sanctions
OFAC Issues Initial Price Cap Guidance for Russian Petroleum Products
05/01/2023
The new price cap on petroleum products is due to take effect on 5 February 2023, alongside an EU ban on seaborne imports of refined products originating from Russia.
Crypto / Digital Assets
Russia’s Sberbank Issues Gold-Backed Digital Financial Assets
04/01/2023
Gold-backed DFAs “may be a great alternative to investments amid de-dollarisation”, said Sber’s first deputy chairman, Alexander Vedyakhin.
ESG / Sustainability
Taiwan Central Bank Unveils Plans for Addressing Climate Change
04/01/2023
The central bank will incorporate weather factors in economic forecast models, use monetary policy to promote sustainable finance, and invest in green bonds.
Crypto / Digital Assets
Korean Court Jails Former Crypto Execs for Running Ponzi Scheme
04/01/2023
Crypto exchange V Global promised to triple investments in six months, then used funds from new members to make payouts to existing members.
Securities / Derivatives
CSRC Proposes New Position Management Rules for Futures Market
04/01/2023
The proposed rules empower futures exchanges to impose position limits and reporting requirements on market participants. Position limit exemptions may be granted for hedging activities.
AML / KYC
Dutch Banks Start Charging Customers for AML Checks
04/01/2023
Companies, associations, charities and churches, among others, are being charged a monthly levy to cover the rising cost of AML checks.
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