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Anti-Money Laundering
Korea Tightens AML Framework to Target Crypto, Transnational Crime
By Manesh Samtani | 03/12/2025
Regulator to expand crypto travel rule, freeze suspect accounts, and extend AML duties to lawyers and accountants in a broad crackdown.

Stablecoins
Korean Lawmakers Push for Draft Stablecoin Law by 10 December
By Manesh Samtani | 03/12/2025
The ruling party sets a deadline for the draft legislation, though regulators and lawmakers remain divided on whether to allow fintechs to issue tokens.

Anti-Money Laundering
Philippines Probes Crypto Laundering in Flood Control Corruption Case
By Manesh Samtani | 02/12/2025
Officials say illicit funds are being moved offshore via stablecoins, as an inter-agency task force works to recover assets from the corruption scandal.

Stablecoins
Kyrgyzstan Launches Gold-Backed Digital Dollar USDKG
By Nithya Subramanian | 02/12/2025
Kyrgyzstan launches USDKG, a fully gold-backed digital asset issued under state oversight, marking a major step in its regulated blockchain strategy.

Custody & Infrastructure
Korea FSS Issued Stern Warning to Upbit Over Crypto Hack
By Manesh Samtani | 02/12/2025
The regulator signalled it would take strong measures in response to the $30 million theft at Upbit linked to North Korean actors.

Tokenisation
Japan Post Bank to Pilot Tokenised Deposit Settlements for Real Estate
By Mark Johnston | 02/12/2025
The major lender will partner with DeCurret DCP and Shinoken Group to automate rent payments and property transactions using DCJPY ahead of a planned 2026 rollout.

Payments & Settlements
IADI Targets E-Money, Crisis Management in 2026 Priorities
By Manesh Samtani | 02/12/2025
A key focus is on digital finance, including research addressing the treatment of e-money and its implications for financial stability.

Tokenisation
South Korean Lawmakers Advance Security Token Legislation
By Mark Johnston | 02/12/2025
The legislation will establish the legal basis for security token offerings (STOs), setting the stage for a competitive race among firms seeking to launch new trading platforms.

Structural Regulation
ASIC Updates Complaints Data Rules to Cover BNPL, Digital Assets
By Sanday Chongo Kabange | 02/12/2025
ASIC has updated its mandatory internal dispute resolution data reporting handbook, adding new categories for emerging financial products and enhancing data validation.

Payments & Settlements
OCBC to Enable WeChat Pay QR Payments in China in 2026
By Nithya Subramanian | 02/12/2025
The move results from an expanded partnership with UnionPay International, formalised on 28 November 2025 in Shanghai.
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