Crypto / Digital Assets

UK FCA Issues Warning Against Crypto Exchange FTX

20/09/2022

The FCA said FTX is targeting UK consumers without proper authorisation. FTX believes a scammer is impersonating the company.

Fintech / Regtech

MAS, IFSCA Sign FinTech Cooperation Agreement

20/09/2022

MAS and IFSCA will collaborate to support sandbox experimentation, enable companies to be referred to each other’s sandbox, and promote cross-border testing.

AML / KYC

US Treasury Seeks Input on Illicit Finance Risks in Crypto

19/09/2022

The RFC calls for input on how to prevent crypto from being used for illicit finance, including through analytics tools and AML/CFT regulations.

Securities / Derivatives

CFTC Issues No-Action Letter to TAIFEX on Swaps Clearing

19/09/2022

The no-action letter will facilitate access for US persons to swaps clearing in Taiwan while TAIFEX’s application for an exemption from DCO registration is pending.

Fintech / Regtech

FSTB, SFC Declare Support for STO Business in Hong Kong

19/09/2022

The SFC’s Elizabeth Wong said firms that are interested in STOs are encouraged to discuss their proposals with the regulator’s Fintech unit.

Capital / Liquidity

Basel III to Have Muted Capital Impact in APAC: Fitch

19/09/2022

The impact of the final rules will be much lower in APAC than in Europe and the US because APAC jurisdictions rely less on internal models, Fitch says.

Crypto / Digital Assets

CyberSecurity Malaysia, MX Global Partner on Digital Assets

19/09/2022

The collaboration includes research and development, joint solution development, and cyber risk training and awareness programmes.

ESG / Sustainability

Taipei Exchange Lists First Two Sustainability-linked Bonds

19/09/2022

Taiwanese conglomerate Far East New Century and chemicals company Chi Mei Corp issued TPEx’s first two sustainability-linked bonds on Wednesday.

BNM Approves UOB Acquisition of Citi’s Malaysia Business

19/09/2022

UOB subsidiaries reached agreements in January to acquire Citigroup’s consumer banking businesses in Malaysia, Indonesia, Thailand and Vietnam.