Crypto / Digital Assets

UBS Launches Hong Kong’s First Tokenised Warrant

09/02/2024

UBS said tokenisation opens a new channel for investors to access digital structured products.

Market Infrastructure

Korea to Reform FX Market to Attract Foreign Investors

08/02/2024

Reforms will address settlement failure risks. Pilot run to extend trading hours kicked off. Foreign FIs now have access to Korean FX market.

Crypto / Digital Assets

South Korea Jails Two Bitsonic Executives for Crypto Theft

08/02/2024

The CEO and CTO were sentenced to seven years and one year in jail, respectively, for embezzling KRW 10 billion in customer funds.

Capital / Liquidity

Korea to Boost Supervision of Troubled Credit Cooperative

08/02/2024

Korea’s Ministry of the Interior and Safety will bolster its supervision over MG Community Credit Cooperative with help from the FSC.

ESG / Sustainability

EU Agrees Regulatory Approach for ESG Rating Providers

07/02/2024

ESG rating providers will need to be authorised and supervised by the ESMA and comply with transparency requirements.

Victims of Predatory Lending to Get Free Legal Support in Korea

07/02/2024

The FSS and Korea Legal Aid Corporation will offer free legal support to victims of illegal predatory lending.

Enforcement

SFC Bans Two Licensed Reps Over Bribery Convictions

07/02/2024

The SFC barred two former representatives of Nerico Brothers, considering them “not fit and proper” to be licensed.

Crypto / Digital Assets

Korean Authorities Arrest Three Over Alleged Crypto Fraud

07/02/2024

Three executives of crypto platform Haru Invest were arrested for failing to return KRW 1.1 trillion worth of crypto to investors.

Enforcement

US SEC Settles Charges Against China-Based Firm With No Penalty

07/02/2024

The firm self-reported its violations, provided “substantial cooperation” to SEC staff, and undertook prompt remedial measures.