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Enforcement
BNM Fines Three Lenders for Regulatory Breaches
By Nithya Subramanian | 31/07/2025
The fines were imposed for breaches involving deficient AML controls, delayed sanctions screening, and banking service outages.
Fintech / Regtech
BSP Mandates New Digital Reporting Mechanism for Liquidity, Deposits
By Manesh Samtani | 31/07/2025
Financial institutions face staggered deadlines to adopt the new PRIME system for submitting key reports in XML format as the regulator overhauls its data collection.
AML / KYC
India to Roll Out Biometric Authentication for UPI Transactions - Reports
By Editors | 30/07/2025
The NPCI is introducing fingerprint and face ID verification to curb fraud, with the RBI mandating transaction caps for the new feature.
Crypto / Digital Assets
Bank of Korea Forms New Crypto Unit to Oversee Stablecoins
By Editors | 30/07/2025
BOK is creating a dedicated team to monitor the market and shape policy as commercial banks prepare to launch won-pegged stablecoins.
Fintech / Regtech
Bursa Malaysia to Issue New Cybersecurity Rules by October
By Nithya Subramanian | 30/07/2025
Bursa Malaysia will issue cybersecurity guidelines by October as part of its response to unauthorised trading incidents that occurred in April.
Fintech / Regtech
Bangladesh to Restart Digital Bank Licensing in August
By Editors | 30/07/2025
The central bank will invite new applications, demanding significant investment capacity, following a review of a previously criticised licensing process.
Capital / Liquidity
Korea’s Financial Sector Steps Up Oversight of Business Loans
By Nithya Subramanian | 30/07/2025
Korean regulators and financial institutions have agreed to strict monitoring of small business loans and warned of further action if housing markets overheat again.
Fintech / Regtech
Philippines Drafts Tiered Capital Rules for Digital-Centric Banks
By Sanday Chongo Kabange | 30/07/2025
The BSP says the new framework links prudential requirements to digitalisation levels, with top-tier banks facing potential mandatory conversion to a digital bank licence.
Crypto / Digital Assets
Korean Card Companies Race to Secure Role in Stablecoin Future
By Nithya Subramanian | 30/07/2025
Card firms are forming a task force, filing trademarks and engaging with regulators to ensure their participation in the emerging digital currency ecosystem.
Crypto / Digital Assets
Hong Kong Sets Out Details for New Stablecoin Licensing Regime
By Sanday Chongo Kabange | 30/07/2025
The HKMA has finalised its new rules for stablecoin issuers, which will take effect from 1 August 2025, with the first licences expected in early 2026.
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