Crypto / Digital Assets

Thailand to Improve Protections for Crypto Investors

15/08/2022

The regulatory changes are in part a response to a liquidity crisis at Zipmex, one of Thailand’s leading digital asset exchanges.

Capital / Liquidity

China Allows Insurance Companies to Issue Perpetual Bonds

15/08/2022

From 9 September, insurers can issue perpetual bonds to boost their capital levels, the PBOC and CBIRC said in a new notice.

Securities / Derivatives

RBI Allows Standalone Primary Dealers to Expand Services

15/08/2022

Stand-alone primary dealers can offer FX market-making facilities and undertake foreign currency OIS transactions directly with non-residents.

Enforcement

Two JPM Traders Convicted on Spoofing Charges

15/08/2022

The two former traders were convicted of attempted price manipulation, spoofing, commodities fraud, and wire fraud following a three-week jury trial.

Market Infrastructure

Malaysia Reassures Public After Data Breach at Payments Firm

15/08/2022

The iPay88 breach will be raised in a Cabinet meeting to discuss a proposal to establish a Royal Commission of Inquiry to investigate the incident.

Securities / Derivatives

Five Chinese Heavyweights to Delist from US Exchanges

15/08/2022

The companies cited the small trading volume of their shares in New York, without mentioning any ongoing disputes between US and Chinese authorities.

Crypto / Digital Assets

Philippines: BSP to Suspend VASP Licensing for Three Years

15/08/2022

Starting from 1 September, new VASP licence applications will only be entertained if they come from existing BSP-supervised financial institutions.

AML / KYC

INTERPOL Launches Global Money Mule Awareness Campaign

15/08/2022

The Japan-funded global campaign will run for two weeks until 26 August 2022 on social media, with support from 34 countries worldwide.

Enforcement

China: Nine Execs Allegedly Linked to Semiconductor Fund Fraud

14/08/2022

Executives from a high-profile chipmaker, a fund that invested in it, and the manager of the fund are under investigation in a fraud and corruption probe.