Fintech / Regtech

Korea to Lift Ban on ICOs, Enhance Investor Protections

11/05/2022

The new government will establish a regulatory framework for ICOs and introduce rules to guard investors against hacks, system errors and unauthorised transactions.

Fintech / Regtech

Thai SEC Prepares to Implement New Rules on Crypto-related Advertising

10/05/2022

The SEC will extend the transitional period to allow crypto firms more time to ensure their advertising content aligns with the new rules.

Big Picture

QR Code Payments Promote Credit Access for SMEs: BIS

09/05/2022

QR payments allow the creation of a digital payment footprint that enables small firms to access credit from both big tech firms as well as banks.

Market Infrastructure

HKMA Sets Timeline for Mandatory Reference Checking Regime

08/05/2022

Banks have until 2 May 2023 to put in place the necessary internal controls, policies and procedures required for Phase 1 implementation of the MRC regime.

AML / KYC

US OCC Orders Digital Assets Bank to Address AML Failings

30/04/2022

Deficiencies were found at Anchorage Digital Bank, the US’ first federally chartered bank authorised to provide institutional custody services for crypto.

Fintech / Regtech

HKMA Consults on CBDC Policy and Design Choices

28/04/2022

The paper says e-HKD could bring could present challenges to Hong Kong’s currency and financial stability, as well as the city’s role as an international financial centre.

Market Infrastructure

HKEX, SFC to Open HKIDR Testing to Market on 16 May

27/04/2022

Regulated intermediaries are asked to get ready for the testing, which is mandatory. The HKIDR is expected to be implemented in the later part of Q4 2022.

Securities / Derivatives

Japan FSA Issues Guidance on Preventing Archegos-style Incidents

24/04/2022

Firms with securities businesses are expected to draw lessons from the shortcomings observed in the Archegos incident in order to foster a sound risk culture.

Fintech / Regtech

Russia Finalises Bill to Give Crypto Legal Tender Status

23/04/2022

The February version of the bill proposed to only allow crypto to be used as an investment vehicle. A digital ruble will be ready next year.