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
Enforcement
HK Issues Record Fine Against Unlicensed Money Service Business
09/03/2023
A Hong Kong money changer and two directors were fined for operating a money service business before their licence application was approved.
Crypto / Digital Assets
Crypto Focused Bank Silvergate to Enter Into Liquidation
09/03/2023
Silvergate has served as one of the main banks for crypto companies. The wind down and liquidation plan includes full repayment of all deposits.
Crypto / Digital Assets
NYAG Files Lawsuit Against Crypto Platform KuCoin
09/03/2023
In a first by a US authority, the lawsuit claims that Ether is a security, meaning KuCoin was required to register as a securities broker or dealer.
Enforcement
ASIC Issues Stop Orders Against Interactive Brokers’ Securities Lending Product
09/03/2023
ASIC says Interactive Brokers inappropriately included investors in the target market that didn’t align with the features and risks of the product.
AML / KYC
Korea Customs: Crypto Involved in 70pc of Illicit Fund Flows in 2022
09/03/2023
The illicit crypto transactions were mostly aimed at purchasing foreign virtual assets with the intention of exploiting the so-called “Kimchi premium”.
ESG / Sustainability
Bursa Malaysia, LSEG to Launch Sustainability Reporting Platform
09/03/2023
At Invest Malaysia 2023, funding incentives for the Bursa Carbon Exchange were also announced, along with other initiatives to increase the vibrancy of the Malaysian capital market.
AML / KYC
RBI Fines Amazon Pay’s India Unit for Breaching Local Norms
09/03/2023
Local reports say Amazon Pay as well as other fintech players are being penalised for delays in migrating to video-based KYC.
Crypto / Digital Assets
Court Allows Binance.US to Buy Voyager Despite SEC Objection
09/03/2023
The court said the SEC’s objection was “vague”, that it failed to present any evidence, and that it should not have waited until the last minute to raise its concerns.
AML / KYC
HK Losses from Crypto Scams Exceeded $200m in 2022
08/03/2023
Financial losses from crypto-related scams accounted for more than half of the total value lost through technology crime last year, police say.
ESG / Sustainability
Malaysia Roll Outs of First “Greening Value Chain” Programme
08/03/2023
The initiative, announced last November, is designed to provide technical assistance and funding to help SMEs decarbonise their operations.
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