ADVERTISEMENT
Cryptocurrency
PBOC Intensifies Crackdown on Cryptocurrency Activity
By Editors | 25/09/2021
Services for virtual currency transactions are deemed illegal, including those provided to Chinese residents by overseas crypto exchanges.
Structural Regulation
IFSCA to Establish International Arbitration Centre in GIFT City
By Ranamita Chakraborty | 24/09/2021
IFSCA chairperson Injeti Srinivas says the authority is close to setting up an International Arbitration Centre in GIFT City.
Sustainable Finance
China: Guangdong to Accelerate Integration of GBA Markets
By Sanday Chongo Kabange | 24/09/2021
The Guangdong provincial government has outlined key priority areas for regional financial market integration in a new action plan.
Cryptocurrency
Korea: Deadline for Crypto Exchanges to Register Arrives
By Sanday Chongo Kabange | 23/09/2021
Five crypto exchanges and one wallet provider have so far submitted their registration documents. Only Upbit has been formally approved by the FSC.
Capital Adequacy
Industry Bodies Call for Less Stringent Treatment of Cryptoassets
By Editors | 23/09/2021
The prudential framework envisaged by the BCBS consultation would create “material impediments” to regulated bank participation in cryptoasset markets.
Market Abuse
CFTC Investigates Binance for Possible Insider Trading
By Manesh Samtani | 22/09/2021
Binance reportedly has plans to become a licensed financial institution, with a centralised headquarters, to make it easier to work with regulators.
PEPs & Sanctions
US Sanctions Crypto Firm Over Ransomware Payments
By Editors | 21/09/2021
OFAC has designated crypto OTC broker Suex, which operates from Russia, for facilitating transactions involving the proceeds of ransomware payments.
Cryptocurrency
Philippine SEC Warns Against Dealing with Unlicensed Entities
By Editors | 21/09/2021
The SEC has warned against dealing with unlicensed forex brokers, crypto exchanges, and DeFi platforms among others.
Cryptocurrency
Korea: Nearly 70 Crypto Exchanges Set to Suspend Services
By Sanday Chongo Kabange | 21/09/2021
Nearly 40 exchanges are set to suspend all services, while 28 have ISMS certification and can continue trading without the Korean won.
CBDCs
CBDCs Theaten to Eat Into Banks’ Remittance Fees: Moody’s
By Ranamita Chakraborty | 20/09/2021
Fees and commissions banks charge for cross-border transactions will be reduced with wide adoption of CBDCs.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.