Enforcement

Crypto / Digital Assets

China Extends Crypto Ban to RWA Tokenisation, Warning of Cross-Border Risks

By Mark Johnston | 08/12/2025

Seven associations prohibit members from handling virtual currencies and tokenised assets, signalling a stricter regulatory stance with liability implications for overseas providers.

Enforcement

RBI Enforces Weekly Credit Reporting, Mandates CKYC Use

By Nithya Subramanian | 08/12/2025

RBI has ordered all lenders to shift to weekly borrower-data submissions and include CKYC identifiers in every report, effective 1 July 2026.

Securities / Derivatives

KOFIA Orders Tighter Ad Rules Under FSS Review

By Mark Johnston | 08/12/2025

The association has urged stricter internal reviews on promotional materials as regulators launch inspections into overseas investment marketing practices.

Crypto / Digital Assets

Cambodia Central Bank Announces Full Liquidation of Huione Pay

By Mark Johnston | 08/12/2025

The National Bank of Cambodia has announced the complete liquidation of payment firm Huione Pay following its licence revocation in September 2024.

Securities / Derivatives

Thai Regulators Unite to Combat Illicit Funds, Tighten Gold and Crypto Rules

By Manesh Samtani | 08/12/2025

A coordinated crackdown will impose new reporting on gold traders, stricter KYC/CDD, and amend FX rules to curb illicit financial flows.

Enforcement

Malaysia Cracks Down on Power Theft by Illegal Bitcoin Miners

By Nithya Subramanian | 08/12/2025

Authorities have launched a nationwide sweep on rogue crypto-mining sites after illegal operators siphoned over USD 1 billion in electricity.

Fintech / Regtech

Singapore: Man Charged Over Unlicensed Cross-Border Transfers

By Nithya Subramanian | 08/12/2025

A 33-year-old former company director faces charges for allegedly using Wise and crypto platforms to scam proceeds without a valid payment services licence.

Enforcement

New Zealand FMA Chair Steps Aside Amid Government Investigation

By Sanday Chongo Kabange | 08/12/2025

FMA chief Craig Stobo has temporarily vacated his role as head of the regulator pending an independent probe by the MBIE.

Enforcement

FSS Korea Probes Overseas Investment Practices of Securities Firms

By Mark Johnston | 08/12/2025

The FSS is inspecting fees, marketing, and FX practices amid industry unease over being scapegoated for currency depreciation.