Enforcement

Meta Fined Record $1.3b for Violating EU GDPR

24/05/2023

Meta Ireland has been given six months to ensure its data processing operations for European users comply with GDPR.

AML / KYC

SFC Finalises Licensing Regime for Crypto Trading Platforms

24/05/2023

The SFC will start accepting licence applications from virtual asset trading platforms starting 1 June.

SEBI to Streamline Registration Process for Foreign VC Investors

23/05/2023

SEBI is proposing to delegate the registration of foreign venture capital investors and related due diligence to designated depository participants.

Crypto / Digital Assets

Westpac Blocks Payments to Crypto Firms, Including Binance

22/05/2023

Westpac said the move could save millions after it found that a third of all scam payments were transferred directly to crypto exchanges.

AML / KYC

Report Warns of Elevated Digital Attacks Rate Throughout 2023

21/05/2023

LexisNexis Risk Solutions published a new report showing a 50 percent year-on-year increase in APAC’s payment attack rate.

Fintech / Regtech

FSC Korea Vows to “Actively” Support AI-based Financial Services

19/05/2023

FSC chairman Kim Joo-hyun asked FIs to actively invest in and use AI to strengthen the global competitiveness of Korea’s financial industry.

Crypto / Digital Assets

Canvas Completes First FX Transaction Using Australian CBDC

18/05/2023

The eAUD was traded for foreign currency stablecoin USDC, representing the first foreign exchange transaction using the RBA’s pilot CBDC.

Thailand Considers Using Local Currency Settlement for China Trade

18/05/2023

Bank of Thailand has been studying the barriers to yuan-baht payments and plans to reduce these barriers this year.

Securities / Derivatives

Shanghai Bourse to Launch Options on STAR Market ETF

17/05/2023

The options will be linked to an ETF that tracks the biggest 50 stocks on the STAR Market. The options are expected to launch within weeks.