Market Infrastructure

SGX to Launch First Depository Receipts on 30 May

24/05/2023

The inaugural depository receipts will be issued by Phillip Securities and represent ownership in Thailand’s AOT and PTT Exploration & Production.

Enforcement

Korean Officials Vow to Eradicate Unfair Trading from Capital Market

24/05/2023

Korean officials will seek tougher sanctions and penalties as well as regulatory improvements to the current CFD trading system.

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.