Manesh Samtani
Manesh Samtani is the Editor at Regulation Asia, where he leads the regional news desk from Hong Kong, directing coverage of critical regulatory developments impacting financial services across APAC. Manesh specialises in analysing how new rules and technologies are reshaping banking, capital markets, and the fight against financial crime, providing finance professionals, compliance leaders, and policymakers with the intelligence they need to navigate risk and understand the impact of regulatory change in the region. manesh@regulationasia.com
Articles by Manesh Samtani
Crypto / Digital Assets
Korean Banks Impose New Requirements on Crypto Exchanges
29/08/2023
Korean crypto exchange will need to set aside reserves worth $2.3mn, or 30 percent of their daily average deposits, whichever is greater.
Enforcement
US SEC Settles First NFT-related Enforcement Action
29/08/2023
The SEC says NFTs offered and sold to investors by Impact Theory were investment contracts and therefore unregistered securities.
Market Infrastructure
China Moves Ahead With Capital Market Support Measures
28/08/2023
The measures include a lower minimum margin ratio, a stamp duty cut, and curbs on stock sales and new IPOs.
Capital / Liquidity
BNM Issues Draft Policy on Liquidity Risk Management
28/08/2023
The policy requires banks to apply early warning indicators and liquidity stress tests to identify emerging liquidity risks and vulnerabilities.
MAS Enhances Safeguards for Vulnerable Advice Customers
28/08/2023
Financial advisory firms have to identify vulnerable customers, conduct pretransaction checks, and ask a “trusted individual” to be present during the sales and advisory process.
Crypto / Digital Assets
US Authorities Propose New Tax Reporting Rules for Crypto
27/08/2023
Crypto firms, NFT platforms, and wallet providers would have to report sales and exchanges of digital assets to the IRS.
AML / KYC
US Sanctions Tornado Cash Co-founder, Arrests Another
24/08/2023
Russian national Roman Semenov was added to OFAC’s sanctions list. Another co-founder, Roman Storm, was arrested on Wednesday.
Crypto / Digital Assets
BIS Paper Warns of Heightened Risks from Crypto in EMEs
23/08/2023
Certain “risk catalysts” in emerging markets can strengthen the transmission channels through which risks from crypto markets can affect financial stability.
Enforcement
US Court Rules AI-Generated Work Cannot be Copyrighted
22/08/2023
Human authorship is a bedrock requirement of copyright, a federal judge ruled in a case that dates back to 2019.
Crypto / Digital Assets
NZ Parliamentary Report Warns Against Overregulating Digital Assets
21/08/2023
New Zealand does not need to urgently design and implement an integrated regulatory framework for digital assets at this time, the report says.
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