Thisanka Siripala
Thisanka Siripala is an experienced journalist and a reporter for Regulation Asia based in Japan.
Articles by Thisanka Siripala
Capital / Liquidity
Japan Eases Regulations to Boost Funding for Startups
25/02/2025
The amendments include a higher upper limit for capital raised via crowdfunding. The maximum individual investment limit is also raised.
Capital / Liquidity
Korea Developing Fast-track Resolution System for Troubled FIs
25/02/2025
The Korean model seeks to replicate the US approach, which allowed it FDIC to quickly transfer assets to a temporary bridge bank when Silicon Valley Bank failed.
Crypto / Digital Assets
FSB Launches Thematic Review of Global Crypto Regulatory Framework
25/02/2025
The FSB is inviting feedback to evaluate progress made by countries in implementing its global regulatory framework for crypto-asset activities.
Crypto / Digital Assets
Bybit Falls Victim to $1.5bn Crypto Theft, the Largest in History
24/02/2025
The theft was reportedly orchestrated by North Korea’s Lazarus Group. Security experts are investigating how the self-custodial multi-sig wallet used by Bybit was compromised.
AML / KYC
US Beneficial Ownership Reporting Requirements Again in Effect
24/02/2025
FinCEN has set a new 21 March compliance deadline and said it would revise the BOI reporting rule to reduce regulatory burdens on lower-risk entities.
Enforcement
Australian Online Safety Commissioner Imposes A$1m on Telegram
24/02/2025
The messaging platform said the fine is “unfair and disproportionate” and indicated its intention to appeal the decision.
Market Infrastructure
ECB to Launch Settlement Platform for DLT-based Transactions
24/02/2025
The ECB said the long-term strategy seeks to support international financial transactions while maintaining the stability of the European financial ecosystem.
Market Infrastructure
CPMI Issues New Report on Interlinking Fast Payment Systems
24/02/2025
The report says linking FPS is a priority for the G20, and that several FPS operators have expressed interest in establishing interlinking arrangements.
Enforcement
US SEC Dropping Cases Against Coinbase, OpenSea
24/02/2025
Coinbase said this is not just a victory for the company, but also for its customers, the US, and “individual freedom”.
Enforcement
South Korea’s Kyongnam Bank Fined $2.8m for Accounting Violation
24/02/2025
The fine is linked to an embezzlement scandal involving a former bank executive recently sentenced to 35 years in jail.
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