AI, Technology & Data

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    Cryptocurrency

    Indonesia’s OJK Unveils Roadmap for Fintech, Digital Asset Development

    By Nithya Subramanian | 12/08/2024

    The roadmap aims to enhance regulation, supervision, and industry growth through a phased approach, promoting financial stability and inclusion.

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    Fraud, Scams & Cybercrime

    UN Committee Approves Global Cybercrime Treaty Despite Opposition

    By Manesh Samtani | 10/08/2024

    The UN Convention against Cybercrime still needs to be ratified by at least 40 nations at the General Assembly in the fall.

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    Trading & Investment

    Korean Securities Firms Under Fire Over US Trade Cancellations

    By Manesh Samtani | 09/08/2024

    A malfunction at Blue Ocean ATS, which provides connectivity to the US after-hours market, caused $457mn in trade cancellations for Korean investors.

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    Structural Regulation

    BSP to Start Accepting New Digital Bank Applications in January

    By Sanday Chongo Kabange | 09/08/2024

    The BSP will lift the moratorium on granting new digital bank licences starting 1 January 2025. Only four new licences will be granted.

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    Market Abuse

    KRX Hires AI Firm to Develop Short-Selling Detection System

    By Editors | 09/08/2024

    KRX has signed a service contract with Conan Technology to develop its new short-selling detection system.

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    AI Risk & Governance

    Google DeepMind Publishes Research on GenAI Misuse Tactics

    By Nithya Subramanian | 09/08/2024

    The researchers categorise GenAI misuse into two categories – exploitation of GenAI capabilities, and compromise of GenAI systems.

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    Structural Regulation

    SEBI to Revamp Rules for Investment Advisors, Research Analysts

    By Ajoy K Das | 08/08/2024

    Eligibility requirements for registration are being relaxed. Additional disclosure will be required for IAs/RAs that use AI tools.

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    KYC & CDD

    HKMA Issues Circular on Changes to Tax Reporting Jurisdictions

    By Sanday Chongo Kabange | 08/08/2024

    The HKMA said banks are expected to treat customers fairly and minimise their burden when reporting their tax information.

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    Fraud, Scams & Cybercrime

    Australian Police Obtain New Intelligence on Crypto Scams

    By Sanday Chongo Kabange | 08/08/2024

    The AFP identified over 2,000 compromised crypto wallets belonging to Australians by participating in a global anti-scam initiative launched by Chainalysis.

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    AI Risk & Governance

    US Lawmakers Introduce Regulatory Sandbox Bill for AI

    By Editors | 08/08/2024

    The legislation would require the Fed, SEC, OCC, CFPB, FDIC, FHFA, and NCUA to establish regulatory sandboxes for AI experimentation.

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