ADVERTISEMENT
Anti-Money Laundering
FSS Korea Mulls New Crypto Rules to Counter ‘Kimchi Premium’
By Sanday Chongo Kabange | 20/04/2021
The plan is a response to growing suspicions that investors are purchasing bitcoin from overseas exchanges with the intent of selling them in Korea at a premium.
Structural Regulation
Gary Gensler Sworn Into Office as New SEC Chair
By Sanday Chongo Kabange | 18/04/2021
Gary Gensler was sworn in as the new SEC chairman three days after the US Senate voted to approve his nomination.
CBDCs
Privacy Cited as Top Concern for a European CBDC
By Sanday Chongo Kabange | 15/04/2021
ECB survey respondents cited privacy as the top priority feature for a potential digital euro, followed by security and usability across the euro area.
Structural Regulation
China to Open Foreign Access to Hainan Financial Services Sector
By Sanday Chongo Kabange | 12/04/2021
Foreign FIs will be encouraged to establish joint venture banks with local firms. Foreign investors will be allowed to invest in financial products issued by Hainan FIs.
Cryptocurrency
SEC Thailand Allows Crypto Exchange Bitkub to Resume Services
By Editors | 12/04/2021
Bitkub has been allowed to resume accepting new clients. A warning was issued against Binance. Huobi was ordered to suspend services.
CBDCs
PBOC Starts Testing Digital Yuan in Hong Kong
By Sanday Chongo Kabange | 10/04/2021
Hong Kong residents participating in pilot tests can use the digital yuan for purchases in Shenzhen.
Cryptocurrency
Thailand SEC to Require Crypto Investors to Have Experience
By Sanday Chongo Kabange | 08/04/2021
Under the new regulations, cryptocurrency investors must have previous experience or training to prove their knowledge of cryptocurrency.
CBDCs
BNM to Explore Benefits of CBDC Issuance Through PoCs
By Sanday Chongo Kabange | 07/04/2021
BNM does not have any immediate plans to issue a CBDC but will actively assess the potential value proposition of digital currencies.
Anti-Money Laundering
Japan Crypto Industry to Adopt Travel Rule by April 2022
By Sanday Chongo Kabange | 07/04/2021
The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan’s crypto industry.
CBDCs
Thailand to Start Testing Retail CBDC in Q2 2022
By Sanday Chongo Kabange | 07/04/2021
The BOT says the retail digital baht will provide access to convenient and secure financial services without affecting Thailand’s financial system.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.