Securities / Derivatives

Thai SEC Directs Listcos to Exercise Prudence in Crypto Business

20/06/2022

Circulars were sent to listed companies regarding digital assets. The SEC’s final advertising rules will take effect on 16 July. Huobi has exited the Thai market.

Crypto / Digital Assets

Korea Crypto Exchanges Agree Measures to Prevent Terra-style Losses

20/06/2022

Under a new system being proposed, crypto exchanges will coordinate to stop trading in tokens that become excessively volatile within 24 hours.

Securities / Derivatives

Taiwan Revises Bond Issuance Rules for Financial Groups

20/06/2022

Financial holding companies will be able to issue corporate bonds in batches over up to two years using a single approval granted by the FSC.

Crypto / Digital Assets

BIS Innovation Hub Announces New Set of Projects

20/06/2022

The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.

Enforcement

US Regulators Probe Celsius Suspension of Crypto Withdrawals

20/06/2022

Withdrawals have been suspended one week. Celsius says it is continuing efforts to stabilise its liquidity and operations, and that the process “will take time”.

AML / KYC

CBIRC Warns of Online Fraudsters Impersonating Regulators

19/06/2022

This is the fourth fraud risk warning issued by the CBIRC this year. Consumers are asked to remain vigilant and report fraud attempts.

Capital / Liquidity

RBI Doubles Lending Limits for Cooperative Banks

19/06/2022

The higher lending caps are intended to account for rising housing prices and customer needs, the RBI said.

AML / KYC

FATF Concludes Final Plenary Under German Presidency

19/06/2022

FATF will soon publish an update on travel rule implementation in the crypto industry, a report on collaborative analytics, and new guidance for the real estate sector.

Securities / Derivatives

Financial Transaction Taxes Disrupt Securities Markets: ASIFMA

19/06/2022

Financial transaction taxes tend to reduce stock prices, trading volume, liquidity, and overall market attractiveness.