Crypto / Digital Assets

Korean Police Pilots Crypto Seizures to Settle Unpaid Fines

24/08/2022

The programme was introduced as a way to collect unpaid fines in a contactless way. The amount seized reportedly exceeded all collections made in the last three years.

Enforcement

SG Police Make Series of Arrests Targeting Scam Syndicates

24/08/2022

4 were arrested over phishing scams targeting bank customers, and another 13 as part of a joint operation with Malaysian police.

Capital / Liquidity

CFTC Extends No-action Relief for Foreign Nonbank Swap Dealers

24/08/2022

Nonbank swap dealers domiciled in Japan, Mexico, the UK and EU can rely on compliance with home country capital and financial reporting requirements until October 2024.

Market Infrastructure

India Simplifies Regulatory Framework for Overseas Investment

24/08/2022

The regulatory framework for overseas investment has been aligned with the “current business and economic dynamics”.

Crypto / Digital Assets

Indonesia Stops Registering New Crypto Businesses

24/08/2022

The moratorium is intended to allow the regulator to focus on improving the governance of crypto exchanges that are already registered.

ESG / Sustainability

Malaysia SC Expands SRI Sukuk and Bond Grant Scheme

24/08/2022

The grant scheme, designed to help defray external review costs, is being extended to cover SRI-linked sukuk issued under the SC’s new framework.

Sanctions

MOEX Stops Accepting USD as Collateral in FX, Securities Markets

24/08/2022

Russian authorities have been actively looking to reduce domestic reliance on the currencies of so-called ‘unfriendly’ nations.

Capital / Liquidity

ECB Targets Harmonisation of Crypto Licensing Requirements

24/08/2022

The ECB will look to ensure capital requirements criteria are applied when national regulators assess crypto-related licensing requests.

AML / KYC

Malaysia: Federal Court Upholds Najib Razak Conviction

24/08/2022

Najib was convicted in 2020 on 1MDB-related charges. The federal court upheld the conviction, requiring him to serve a 12 year jail sentence.