Data Privacy

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.

Cryptocurrency

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.

Structural Regulation

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.

Fraud, Scams & Cybercrime

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.

Fraud, Scams & Cybercrime

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.

AI Risk & Governance

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.

CBDCs

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.

Payments & Settlements

Thailand Considers Using Local Currency Settlement for China Trade

18/05/2023

Bank of Thailand has been studying the barriers to yuan-baht payments and plans to reduce these barriers this year.

Trading & Investment

Shanghai Bourse to Launch Options on STAR Market ETF

17/05/2023

The options will be linked to an ETF that tracks the biggest 50 stocks on the STAR Market. The options are expected to launch within weeks.