Fintech / Regtech

China UnionPay to Enable QR Payments Connectivity for Indonesia

29/01/2025

Indonesia is UnionPay’s fourth country-level cross-border QR payment project in the Southeast Asian market after Cambodia, Vietnam and Laos.

Securities / Derivatives

Taiwan to Enable Retail Investors to Trade in Foreign Bonds

28/01/2025

Securities firms will be able to self-trade in specific foreign bonds so they can provide investors access to lower denomination subscriptions

Securities / Derivatives

Taiwan FSC Enhances Cross-selling Benefits Among FIs

28/01/2025

Futures brokers and insurance brokers will be allowed to cross-sell financial products, subject to them meeting certain qualifications.

Sanctions

UK, Canada Impose Sanctions on Belarus Over “Sham” Election

28/01/2025

The UK and Canada sanctioned those responsible for “human rights violations” and companies that support Russia’s war in Ukraine.

Sanctions

Russia Proposes Jail for Disclosure of Sanctions Circumvention Methods

27/01/2025

The draft law reportedly points to websites that disseminate leaked customs data and information in the media about logistics schemes for delivering sanctioned goods.

Sanctions

Russian Court Orders Raiffeisen to Pay €2b in Damages

26/01/2025

Russian lawmakers also working on legislation that will enable outright confiscation of assets belonging to any individual or company from an “unfriendly” country

Sanctions

US to Designate International Drug Cartels as Terrorist Organisations

25/01/2025

The US State Department will decide which cartels to designate. Three of Biden’s sanctions-related executive actions were rescinded.

Fintech / Regtech

PBOC Adjusts Rules to Improve Security of Credit Information

23/01/2025

The updates focus on managing how credit information is accessed, ensuring compliance, and enhancing security.

Enforcement

Another US Court Rules Tornado Cash Sanctions Were Unlawful

23/01/2025

Court ruled that Tornado Cash smart contracts could not be classified as property IEEPA. A similar ruling was issued by a different court in November 2024.