Crypto / Digital Assets

HKMA Meets with Crypto Firms on Banking Access Challenges

19/06/2023

Banks operating in Hong Kong should endeavour to meet the legitimate business need of licensed VASPs, the HKMA told Regulation Asia.

Enforcement

KRX Suspends Five Stocks Over Alleged Manipulation

16/06/2023

The stocks were suspended, “inquiry disclosures” requested, and three of the stocks were designated as stocks with investment caution.

AML / KYC

Singapore Minister Calls for Global Cooperation on Scams

15/06/2023

Minister of State Sun Xueling said every country needs to set up the equivalent of an Anti-Scam Command and participate in information sharing

Market Infrastructure

PBOC Consults on Revised Valuation Rules for Interbank Bond Market

14/06/2023

The revised rules for valuation agencies cover internal governance, valuation methods, information disclosure, and conflicts of interest management.

Crypto / Digital Assets

Bank of Thailand Launches Pilot Tests on Retail CBDC

13/06/2023

BOT is working with Bank of Ayudhya, Siam Commercial Bank, and 2C2P in the tests, which are expected to last until August.

AML / KYC

India Accuses Xiaomi and Global Banks of Breaking FX Rules

13/06/2023

Xiaomi India, Deutsche Bank, HSBC and Citibank are accused of illegally remitting $673mn to foreign entities.

Enforcement

Taiwan FSC Fines Taishin Bank for Employee Misconduct

13/06/2023

The misappropriation of client funds by a Taishin employee started from January 2011 and lasted for more than 11 years.

Crypto / Digital Assets

MiCA Text Published in EU Official Journal

10/06/2023

The provisions on stablecoins will be enforced from 30 June 2024. The provisions for crypto asset service providers will be enforced starting 30 December 2024.

Crypto / Digital Assets

Commonwealth Bank to Restrict Payments To Crypto Exchanges

09/06/2023

Caroline Bowler, head of BTC Markets, warns that the move could push crypto investors to overseas platforms that have fewer protections.