Enforcement

UPDATED – Former CSRC Vice Chairman Pleads Guilty to Bribery, Insider Trading

06/07/2018

Yao Gang charged with taking advantage of his position, accepting money and gifts, and insider trading; two other CSRC officials also charged

Enforcement

Two Former NAB Employees Receive Lifetime Ban for Loan Fraud

06/07/2018

ASIC investigation revealed the two provided false payslips and letters of employment, among other documents, in support of loan applications.

Securities / Derivatives

SZSE Instructs Listed Companies to Reduce Leverage

06/07/2018

Shenzhen exchange targets highly-leveraged acquisitions, high-percentage stock pledges and high-debt operations, which are considered to be a threat to China’s economy.

Crypto / Digital Assets

India’s Supreme Court Upholds RBI Crypto Ban

05/07/2018

RBI ban on financial institutions providing services to companies and individuals dealing in cryptocurrencies was upheld by the Supreme Court on Tuesday; next hearing scheduled for 20 July.

Fintech / Regtech

Thailand’s Securities Firms Seek to Launch Joint Crypto Exchange

03/07/2018

Security companies in Thailand are looking to join hands in setting up a crypto exchange, believing customers will prefer trading with known securities businesses.

Fintech / Regtech

China Toughens Regulations Amid Multiple P2P Lender Collapses

03/07/2018

As numerous P2P lenders collapse in China , including 28 firm in the final week of June, authorities are ramping up efforts to strengthen regulations in the sector.

Crypto / Digital Assets

Philippines to Issue Crypto Exchange Licences at Economic Zone

03/07/2018

Cagayan Economic Zone Authority will issue 25 licences for crypto exchanges to operate in the economic zone; authority to focus on regulations that protect investors.

Capital / Liquidity

China Tightens Rules for Third Party Payment Providers

02/07/2018

Payment firms required to gradually increase reserves to 100% of client funds and to deposit all reserves at central custodian by 14 January; All online payments to be settled by central bank clearinghouse moving forward.

Crypto / Digital Assets

Japan to Use Credit Scores to Monitor Crypto Trading

29/06/2018

The Japanese government plans to use personal credit information and social media IDs to monitor suspicious crypto trading activities and accounts.