Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
India, Russia Continue to Explore Non-USD Trade Options
23/08/2022
Indian and Russian banks are discussing the use of customised trade accounts and an exchange rate mechanism that will enable trade settlement in rupees and rubles.
AML / KYC
Malaysia to Enhance AML Supervision of Company Secretaries, Trust Companies
23/08/2022
The Companies Commission of Malaysia will “take on greater responsibility” in supervising company secretaries and trust companies “in the near future”.
Crypto / Digital Assets
Australia Set to Begin Consultation on Crypto Regulation
23/08/2022
Treasury will prioritise ‘token mapping’ work in 2022, to help identify how crypto assets and related services should be regulated. A consultation will be released “soon”.
Crypto / Digital Assets
Korean Brokerages Seeking Licences to Establish Crypto Businesses
23/08/2022
Mirae Asset Securities and Samsung Securities are among seven firms seeking a licence. The government separately said airdrops will be subject to a gift tax.
Capital / Liquidity
PBOC Cuts Mortgage Rates, Calls on Banks to Lend More
22/08/2022
The PBOC plans to offer special loans to financial institutions to help them increase lending to property developers.
Market Infrastructure
CBIRC Grants Mapfre Re Approval to Set Up Beijing Subsidiary
22/08/2022
The Spanish reinsurer said the approval will allow it to increase its business operations in China, where it so far only has a representative office.
Securities / Derivatives
Thai SEC Consults on Rules for VC, PE Tax Exemptions
22/08/2022
VC and PE firms can obtain tax exemptions for investments in certain target industries until 2032.
Securities / Derivatives
Taiwan FSC Allows Banks to Offer Wider Range of Offshore Funds
22/08/2022
Banks can offer high net worth clients access to uncertified securities investment trust funds from other jurisdictions.
Capital / Liquidity
Henan Authorities Repay More Frozen Deposits at Rural Banks
22/08/2022
The latest round of repayments are being made to individuals with deposits of between CNY 350,000 and CNY 400,000.
AML / KYC
US Concerned India is Routing Russian Oil to New York
22/08/2022
An Indian vessel picked up oil from a Russian tanker at sea, then brought it to an Indian port to be refined and shipped on to New York.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team