Digital Assets

Anti-Money Laundering

Korea Crypto Sector Warns AML Proposal Will Overwhelm Exchanges

By Mark Johnston | 06/05/2026

An industry alliance has warned that proposed AML rules could trigger an 85-fold surge in suspicious transaction reports and are legally questionable.

Fraud, Scams & Cybercrime

US Charges Asia-Based Suspects in Global Crypto Scam Takedown

By Editors | 06/05/2026

International crackdown involving authorities in the UAE, China and Thailand has dismantled at least nine scam centres, leading to charges against alleged managers from Myanmar and Indonesia.

Market Abuse

Korea FSS Ramps Up Use of AI to Combat Unfair Crypto Trading

By Sanday Chongo Kabange | 06/05/2026

The regulator has launched a real-time monitoring system and an AI-powered analysis platform to detect and investigate market manipulation more efficiently.

Stablecoins

BIS Paper Warns of 'Acute Risks' to EMDEs from Stablecoin Dollarisation

By Manesh Samtani | 06/05/2026

New paper urges robust regulatory response and international coordination to prevent monetary sovereignty erosion and financial stability risks in emerging economies.

Fraud, Scams & Cybercrime

Hong Kong Launches Collaborative Anti-Fraud Platform

By Sanday Chongo Kabange | 06/05/2026

A new cross-sector alliance has launched a digital platform to combat rising fraud, enabling intelligence sharing between the public and institutions.

AI Risk & Governance

BOK Governor Puts AI, Digital Won at Centre of New Agenda

By Mark Johnston | 06/05/2026

The move is part of new governor Hyun Song Shin's broader push for a revamped financial stability framework, digital innovation, and structural reform.

Anti-Money Laundering

Korea Task Force Targets Crypto and Hawala in KRW 600 Billion FX Probe

By Editors | 05/05/2026

A multi-agency task force has identified sophisticated schemes using virtual accounts, crypto, and trade mis-invoicing to launder funds and evade taxes.

Emerging Prudential Risks

ASEAN+3 to Bolster Financial Safety Net Amid Rising Risks

By Manesh Samtani | 05/05/2026

Ministers and governors have endorsed a roadmap for a paid-in capital structure for the CMIM and new work on cross-border digital payments.

Capital Adequacy

HKMA Proposes Capital Rule Changes for Basel Alignment, Stablecoins

By Manesh Samtani | 05/05/2026

The proposed amendments aim to harmonise with international standards and provide clarity on the capital treatment for stablecoin issuers.