Crypto / Digital Assets

Korea Issues Guidelines on Crypto Accounting & Disclosures

13/07/2023

The new guidelines seek to enhance accounting and disclosure requirements for companies that issue or hold virtual assets.

Crypto / Digital Assets

Woori Bank Caught Up in Crypto-related Embezzlement Scandal

13/07/2023

On of Woori Bank’s employees embezzled about KRW 90 million and used it for personal investments in crypto.

Crypto / Digital Assets

Korea Prosecutors to Form New Unit Dedicated to Crypto Crime

12/07/2023

The new Virtual Asset Joint Investigation Unit will launch by the end of the month and focus on investigating crypto-related crime including fraud.

Fintech / Regtech

Cambodia Partners With UnionPay on QR Code Payments

12/07/2023

KHQR users in Cambodia would be able to directly scan UnionPay QR codes in China within this year.

Market Infrastructure

IDX Explores Dual-Listing Options With Global Exchanges

12/07/2023

IDX is exploring the feasibility of cross-listings in Singapore, Hong Kong, Malaysia, South Korea and London.

Capital / Liquidity

Korean Banks Asked to Prepare Support Funds for Credit Cooperative

12/07/2023

The big five banks were asked to prepare KRW 1 trillion of financing as potential support for MG Community Credit Cooperative.

Capital / Liquidity

RBNZ Consults on New Capital Instrument for Mutual Banks

11/07/2023

Mutual banks will be allowed to issue a new MET1 capital instrument, providing them more capital raising flexibility.

Securities / Derivatives

SEBI Issues New Disclosure Rules for Debt Issuers

11/07/2023

SEBI says the new rules seek to minimise multiple filings of documents by issuers of debt securities.

AML / KYC

NAB Becomes First Aussie Bank to Remove Links From Text Messages

10/07/2023

The move is one of 64 projects completed or underway across NAB to help address the “global scam epidemic”.