AI, Technology & Data

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    Cloud & Infrastructure

    Korea FSS Issues Guidance on Financial Reporting in XBRL Format

    By Editors | 21/01/2025

    The FSS is progressively expanding the use of XBRL for financial reporting but has identified some deficiencies in XBRL submissions

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    Cryptocurrency

    Vietnam to Introduce Regulatory Sandbox for Crypto, Fintech

    By Nithya Subramanian | 21/01/2025

    The sandbox will allow testing of business models in areas such as cryptocurrency trading and digital asset management

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    PEPs & Sanctions

    US Bolsters Export Controls Ahead of Presidential Transition

    By Manesh Samtani | 19/01/2025

    The export controls target advanced chips, laboratory instruments, and automotive hardware and software from China. 26 firms added to Entity List.

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    Payments & Settlements

    NPCI Signs Partnership to Enable UPI Payments in UAE

    By Editors | 18/01/2025

    NPCI’s international arm signed an agreement with payment solutions provider Magnati to enable QR-based UPI merchant payments through POS terminals across the UAE.

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    Data Privacy

    Hong Kong PCPD Issues Updated Guidance on Cloud Computing

    By Sanday Chongo Kabange | 18/01/2025

    The PCPD was prompted to issue the updated guidance following a data breach incident at the Urban Renewal Authority.

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    Cloud & Infrastructure

    ASIC Appoints New CEO to Spearhead Next Phase of Transformation

    By Thisanka Siripala | 17/01/2025

    Starting 17 March 2025, ASIC’s new CEO will be Scott Gregson, who has been at the ACCC for nearly 30 years and currently serves as its CEO.

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    Cybersecurity

    Outgoing US President Signs Executive Order on Cybersecurity

    By Thisanka Siripala | 17/01/2025

    The executive order is aimed at strengthening US cybersecurity infrastructure and improving accountability among software vendors

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    Cryptocurrency

    SFC Extends ‘Swift Licensing Process’ to New VATP Applicants

    By Sanday Chongo Kabange | 17/01/2025

    The SFC released a circular detailing the new licensing process as well as inspection findings identifying deficiencies in VATP systems and processes.

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    Cloud & Infrastructure

    OECD Offers Recommendations to Strengthen Digital Public Infrastructure

    By Thisanka Siripala | 17/01/2025

    OECD report offers recommendations for governments to maximise the value of digital public infrastructure and drive sustainable digital transformation.

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    Fraud, Scams & Cybercrime

    US, Japan, S Korea Issue Joint Warning Over DRPK Crypto Thefts

    By Thisanka Siripala | 17/01/2025

    North Korea’s cyber programme threatens the integrity and stability of the international financial system, the joint statement says

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