Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Crypto / Digital Assets
US Fed Refuses Application by Crypto-focused Custodia Bank
31/01/2023
The Fed Board considers that Custodia’s business model and proposed focus on crypto-assets presented “significant safety and soundness risks”.
Enforcement
Korea Probes Price Manipulation via Crypto Exchange Bithumb
31/01/2023
Bithumb offices were raided last week. The crypto exchange is not accused of misconduct, though it is under a separate probe for possible tax evasion.
Enforcement
UPDATED – Citadel Securities Fined in Korea for ‘Disrupting Market Order’
31/01/2023
The case was the first in which the FSC imposed a penalty for market order disruptions as a result of high-frequency algorithmic trading.
Crypto / Digital Assets
Moody’s is Developing a Scoring System for Stablecoins – Report
31/01/2023
The project, still in the early stages of development, will produce scores for up to 20 stablecoins based on reserve attestation quality.
ESG / Sustainability
PBOC Extends Re-Lending Facilities to Support Green Transition
31/01/2023
Foreign-funded FIs will be allowed to use a re-lending facility designed to support carbon emission reductions. The facility is extended until end-2024.
Crypto / Digital Assets
JPX Starts Using Blockchain Tech to Settle Rubber Futures Deliveries
31/01/2023
The new system digitises delivery orders required for the physical delivery of rubber when futures contracts expire, thereby enhancing settlement efficiency.
Enforcement
SFC Fines Private Fund Adviser for Failing to Protect Investors’ Interest
31/01/2023
Cardinalasia Consulting and its responsible officer failed to ensure that the manager of the five private funds received appropriate advice.
Enforcement
Singapore Court Fines Whistleblower for Making False Claims
31/01/2023
The High Court found that the whistleblower did not act in good faith in a 2011 tip-off and ordered him to pay compensation to a director he accused of corrupt acts.
Securities / Derivatives
Philippine SEC Issues Consumer Protection Rules for Consultation
31/01/2023
The rules will implement the requirements of the Financial Products and Services Consumer Protection Act, which passed in May last year.
ESG / Sustainability
IFSCA Issues Disclosure Framework for GIFT City ESG Funds
30/01/2023
The framework is designed to promote the consistency, comparability, and reliability of disclosures from ESG funds operating in India’s maiden international financial services centre.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team