Crypto / Digital Assets

Korea: K Bank Submits Emergency Plan to FSS

08/04/2025

The FSS had requested the emergency plan amid concerns about the high concentration of funds related to Upbit deposited in K Bank.

Enforcement

Korea FSS Summons Kiwoom Securities to Explain Trading Outages

08/04/2025

Executives from over ten securities firms were called in to discuss measures to ensure stable IT system operations.

Securities / Derivatives

KRX Revises Rules for Companies Undergoing Delisting Reviews

08/04/2025

Companies undergoing delisting reviews will be required to publicly disclose key components of their improvement plans.

Crypto / Digital Assets

Japan’s SMBC Establishes Agreement to Commercialise Stablecoin

08/04/2025

SMBC signed an MoU with TIS, Ava Labs and Fireblocks to develop a framework for stablecoin issuance and circulation.

New Zealand’s CoFI Implementation Starts Well, Says FMA

08/04/2025

The FMA issued a report presenting findings from a review of 38 fair conduct programmes from FIs operating in New Zealand.

AML / KYC

GLEIF Certifies Finema as First Southeast Asia-Based vLEI Issuer

08/04/2025

Finema’s designation as a Qualified vLEI Issuer is intended to address challenges faced by SMEs in Southeast Asia engaging in cross-border trade.

Market Infrastructure

ASX Faces Renewed Resistance on Dual-Class Shares Proposal

08/04/2025

ASX is seeking to introduce dual-class shares to attract more listing candidates but there are concerns that some shareholders would be given too much power.

Enforcement

New Zealand FMA Files Civil Action Against IAG for Fair Dealing Breaches

08/04/2025

Approximately 269,000 customers were affected by incorrect pricing breaches, with overcharges totalling NZD 35 million.

AML / KYC

Japan FSA Proposes Tighter Security Rules for Safe Deposit Boxes

08/04/2025

The proposed rules prohibit cash storage in safe deposit boxes and mandate stricter security checks at banks.