AML / KYC

Korea Designates FSS as Agency to Regulate Virtual Assets

03/06/2021

The FSS will oversee the crypto industry, including in relation to AML rules imposed by the Act on Reporting and Using Specified Financial Transaction Information.

Crypto / Digital Assets

DeFi May Be Subject to Licensing Requirement, Warns Thai SEC

03/06/2021

The SEC warned that failure to obtain a licence for the issuance of digital tokens on DeFi platforms could be punishable under the Digital Assets Act.

Crypto / Digital Assets

Bursa Malaysia Concludes Blockchain Bond POC with STACS

03/06/2021

The collaborative efforts from the PoC have established a new ‘Bond in a Box’ operating model that shows commercial potentials, the project report says.

Enforcement

CBIRC Warns Small Banks to Rein In Property Lending

02/06/2021

The CBIRC will punish lenders that help borrowers to circumvent regulations prohibiting the use of business loans to buy real estate.

Market Infrastructure

CBIRC Issues Final Rules on Evaluating Bank Director Performance

02/06/2021

The new rules, effective 1 July, will strengthen and standardise performance evaluations of directors and supervisors of banks and insurers, the CBIRC said.

AML / KYC

2018 Circular Prohibiting Crypto Dealings Not Valid, RBI Clarifies

01/06/2021

The RBI has clarified that its 2018 circular prohibiting cryptocurrency dealings is no longer valid, and should not be cited or quoted from.

Crypto / Digital Assets

DBS Issues First STO on New Digital Exchange

01/06/2021

The issuance paves the way for other issuers to access the capital markets through STO issuances as asset tokenisation turns mainstream, DBS says.

Cambodia: NBC Extends Debt Relief Measures to Year-End

01/06/2021

The NBC has committed to maintaining the RRR at 7 percent “until further notice” and removed a three-time limit on debt restructuring.

Fintech / Regtech

PBOC Explores New Financial Data Sharing Ecosystem

01/06/2021

The so-called “data-sharing hub” will allow data sharing between trusted institutions in a way that ensures that the source data can be used but not seen or moved.