AML / KYC

Sydney Court Jails Man for Cryptocurrency Money Laundering

08/04/2021

The man used other people’s identities to set up accounts with a cryptocurrency provider, which he used to withdraw stolen bitcoin.

Crypto / Digital Assets

Thailand SEC to Require Crypto Investors to Have Experience

08/04/2021

Under the new regulations, cryptocurrency investors must have previous experience or training to prove their knowledge of cryptocurrency.

Enforcement

US Court Dismisses Collusion Case Against 10 Global Banks

08/04/2021

The judge dismissed a case against 10 banks alleging manipulation of the US Treasuries market due to a lack of evidence of a conspiracy.

Enforcement

Ex-Shanghai Clearing House Chief Charged With Corruption

08/04/2021

Xu Zhen was charged with corruption and bribery for violating rules on executive pay to benefit himself and those close to him.

Securities / Derivatives

KRX Seeks Introduction of Dual-Class Share System

08/04/2021

A dual-class share system would help more unicorns to consider listing in the local market, KRX chairman Sohn Byung-doo says.

Crypto / Digital Assets

BNM to Explore Benefits of CBDC Issuance Through PoCs

07/04/2021

BNM does not have any immediate plans to issue a CBDC but will actively assess the potential value proposition of digital currencies.

AML / KYC

Japan Crypto Industry to Adopt Travel Rule by April 2022

07/04/2021

The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan’s crypto industry.

Fintech / Regtech

Thailand to Start Testing Retail CBDC in Q2 2022

07/04/2021

The BOT says the retail digital baht will provide access to convenient and secure financial services without affecting Thailand’s financial system.

Fintech / Regtech

Japan Starts Testing Central Bank Digital Currency

07/04/2021

The first phase of testing will involve experiments on the basic functions of the CBDC as a payment instrument.