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AML / KYC
HKMA Prepares to Roll Out Personal Account Info-Sharing to Combat Fraud
By Manesh Samtani | 19/09/2025
The HKMA is enabling banks to share client data on suspected mule accounts, part of a broader push involving AI and data analytics.

Securities / Derivatives
Korea to Institutionalise OTC Exchanges for Unlisted Stocks, Fractional Investments
By Sanday Chongo Kabange | 19/09/2025
The regulations will create dedicated licences for OTC platforms, formalising rules on capital, investor protection, and market infrastructure.

Fintech / Regtech
China Pilots Unified QR Code Gateway to Streamline Foreign Payments
By Sanday Chongo Kabange | 18/09/2025
The PBOC-led initiative aims to standardise access for overseas e-wallets, with nearly 2 million transactions processed in its initial phase.

Fintech / Regtech
NPCI Proposes to Allow UPI Cash Withdrawals via Business Correspondents
By Nithya Subramanian | 18/09/2025
The NPCI is seeking RBI approval to allow customers to withdraw up to INR 10,000 per transaction, widening access to cash services.

Fintech / Regtech
FSC Korea Rejects All Bids for Fourth Internet Bank Licence
By Manesh Samtani | 18/09/2025
The FSC found all four applicants unsuitable for preliminary approval, citing weak capitalisation, unclear shareholder structures, and inadequate funding plans.

Fintech / Regtech
Korea-Japan Bank Consortium Completes Stablecoin Trial
By Manesh Samtani | 18/09/2025
A proof-of-concept remittance project found stablecoins cut costs, but highlighted South Korea's lack of a clear regulatory framework.

Crypto / Digital Assets
Kazakhstan Firm Launches World's First Offshore CNY Stablecoin
By Sanday Chongo Kabange | 18/09/2025
AnchorX, a licensed stablecoin issuer in Kazakhstan, has debuted its “AxCNH” stablecoin, aiming to streamline payments for 'Belt and Road' nations.

Crypto / Digital Assets
India Mandates Cybersecurity Audits for All Crypto Exchanges
By Nithya Subramanian | 18/09/2025
Cybersecurity audits will be mandatory for exchanges seeking registration with the FIU. CERT-In has been designated as the overseeing agency.

ESG / Sustainability
China Advances Legal Reforms on Cybersecurity, Bankruptcy, Green Finance
By Mark Johnston | 18/09/2025
Beijing’s top legislature is reviewing draft laws that will impose tougher cybersecurity penalties, overhaul corporate bankruptcy proceedings and establish a national carbon market.

Fintech / Regtech
Singapore Introduces New Measures Against Scam Mules
By Sanday Chongo Kabange | 18/09/2025
The new framework to be implemented starting next month aims to curb soaring scam losses by restricting financial and mobile access for individuals facilitating fraud.
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