
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

Enforcement
US SEC Fines Bloomberg Over “Misleading” BVAL Disclosures
25/01/2023
SEC commissioners Hester Peirce and Mark Uyeda issued a joint statement saying they do not support the action against Bloomberg.

Crypto / Digital Assets
NYDFS Issues Guidance on Crypto Custody and Related Disclosures
25/01/2023
The guidance emphasises the “paramount importance of equitable and beneficial interest always remaining with the customer”.

Capital / Liquidity
BNM Consults on Standardised Approach to Credit Risk Capital
25/01/2023
FIs are asked to provide feedback and complete an accompanying Quantitative Impact Study reporting template.

Crypto / Digital Assets
Action Against Crypto Firm Bitzlato Yields Seizures, More Arrests
25/01/2023
Authorities seized EUR 18 million in crypto wallets and froze EUR 50 million in accounts at other crypto exchanges, Europol says.

Crypto / Digital Assets
BISIH London Invites Firms to Test Retail CBDC API Platform
25/01/2023
Project Rosalind’s phase one work will be complete within Q1 and be followed by a further phase focused on testing and validating API functionality.

Capital / Liquidity
EU Lawmakers Back Draft Law to Implement Basel III
25/01/2023
The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.

Market Infrastructure
NYSE System Issue Causes Trading Halts on Major Stocks
25/01/2023
The regular opening auction “did not occur” for a number of stocks so no opening price was printed. Executed trades will be declared “null and void”.

Crypto / Digital Assets
Korea to Improve Market Access for Foreign Investors, Allow STOs
25/01/2023
Korea will abolish the complex registration system for foreign investors, require English disclosures from listed companies, and establish a regulatory framework for security tokens.

Fintech / Regtech
BIS Paper Offers Technical Model for Assessing DeFi Risks
24/01/2023
The paper highlights the intertwined nature of DeFi protocols, the dependencies they can have on stablecoins, and how such dependencies can present vulnerabilities.

Crypto / Digital Assets
Crypto Lender Genesis Files for Bankruptcy Protection
24/01/2023
Genesis has more than 100,000 creditors who may be owed up to USD 10 billion. The biggest creditor is crypto exchange Gemini.
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