Crypto / Digital Assets

Montenegro Court Halts Extradition of Terra’s Do Kwon to US

06/03/2024

Do Kwon’s case will be retried because of procedural issues over who between the US and South Korea was first to request his extradition.

Enforcement

SFC, HKEX Jointly Take Action Against GEM-Listed Firm

06/03/2024

Two former directors misappropriated assets by paying an IPO consultant who subsequently rerouted the funds back to the directors.

Market Infrastructure

RBNZ: New Cyber Reporting Rule to Start Next Month

06/03/2024

Regulated entities will be required to report material cyber incidents to the RBNZ within 72 hours starting from 8 April 2024.

AML / KYC

Australia: NASC Warns of Deepfake Celebs Promoting Scams

06/03/2024

Fake news articles and deepfake videos are being used to convince people to make online investments that turn out to be scams.

AML / KYC

Vietnam to Develop Legal Framework for Crypto by 2025

05/03/2024

The government has directed the Ministry of Finance to develop a legal framework for banning or regulating virtual assets.

Market Infrastructure

ASIFMA Calls for More Enhancements to Wealth Connect Scheme

05/03/2024

ASIFMA calls for a further increase in the individual investment quota and a more extensive expansion to the list of eligible products.

Crypto / Digital Assets

Australia: CBA Users Critical of Limits on Crypto-related Transfers

05/03/2024

The A$10,000 monthly limit is intended to keep customers safe from fraud and scams, the bank said.

Crypto / Digital Assets

SFC Issues More Warnings About Suspected Crypto Frauds

05/03/2024

BitForex, which disappeared with users’ funds last month, was added to the alert list, along with suspicious websites impersonating HashKey and OSL.

Securities / Derivatives

FSC Korea to Amend Rules for Disclosing Insider Transactions

03/03/2024

The FSC proposes to exempt certain financial institutions from the ex-ante disclosure requirements for insider transactions.