Crypto / Digital Assets

China Blocks 13 Crypto Apps Found to be Locally Accessible

16/10/2022

13 mobile apps for crypto trading that were still accessible in China have been removed from app stores at the direction of a Beijing court.

Capital / Liquidity

RBI Revises Rules for Asset Reconstruction Companies

16/10/2022

Under the new framework, ARCs can act as resolution applicants under the Insolvency and Bankruptcy Code.

AML / KYC

Singapore: SMS Sender ID Registration to Become Mandatory

15/10/2022

All non-registered SMS sender IDs after 31 Jan 2023 will be channelled to a sender ID with the header “Likely-SCAM”.

Fintech / Regtech

Thai SEC Launches New E-Licensing Services Pilot

15/10/2022

The services will initially allow online submissions of applications for two types of licenses. Full e-licensing services will launch in Q1 2023.

Capital / Liquidity

RBI Directs Banks to Treat Certain Rated Exposures as Unrated

15/10/2022

Banks must treat corporate and NBFC exposures as if they were unrated if the lenders’ details are not disclosed in rating actions.

Crypto / Digital Assets

Thai SEC Orders Bitkub to Fix Standards of Native Token

15/10/2022

The SEC says KUB Coin’s so-called “adminTransfer” function could be used by attackers to transfer digital assets from any wallet.

BSP Directs FIs to Bolster Email Security, Cyber Awareness

15/10/2022

Financial institutions are directed to adopt “robust and layered” security controls and industry best practices to reinforce email security.

Australia’s First Islamic Bank Prepares for Limited Launch

14/10/2022

Customers will be charged rent while living under the bank’s share of a property, rather than paying interest.

AML / KYC

Glencore Facing Investor Lawsuits Following Bribery Conviction

14/10/2022

Sovereign wealth funds from the UAE, Kuwait and Norway, along with Abrdn, HSBC, Standard Life and others are among the claimants.