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LATEST NEWS
Crypto / Digital Assets
NYAG Files Suit Against Founder of Crypto Lender Celsius
By Manesh Samtani | 08/01/2023
NYAG says Alex Mashinsky lied about Celsius’s safety, then lost customer funds in risky investments and concealed the firm’s deteriorating financial condition.
Sanctions
Taiwan Expands Export Controls Against Russia, Belarus
By Editors | 08/01/2023
The export controls are aimed at preventing Taiwan’s high-tech products from being used for military purposes.
Securities / Derivatives
China, Philippines Pledge to Enhance Market Connectivity
By Editors | 08/01/2023
The SZSE and PSE will pursue market connectivity through the development of cross-border products and cooperation on index compilation.
Enforcement
Singapore: Youth Pleads Guilty Over OCBC Phishing Scams
By Editors | 08/01/2023
The 19-year-old is the second Singaporean youth to plead guilty for helping an overseas syndicate launder the proceeds from phishing scams against OCBC customers.
Securities / Derivatives
China Consults on Company Law Revisions to Improve Governance
By Editors | 08/01/2023
The revisions impose stronger corporate social responsibility obligations and require shareholders to make capital contributions if a company cannot repay its debts.
AML / KYC
India: KYC Becomes Mandatory for All Insurance Policies
By Editors | 08/01/2023
KYC documents have to date not been mandatory for non-life or general insurance policies at the time of purchase.
Crypto / Digital Assets
UK Adds Cryptoassets to Investment Manager Exemption
By Editors | 08/01/2023
Global investors using UK investment managers will not be subject to UK tax if they include cryptoassets within their portfolios.
Taiwan FSC to Propose New Regulations for BNPL Sector
By Editors | 08/01/2023
Lawmakers are concerned that the growth of the BNPL sector could lead to a crisis similar to the 2005/2006 credit card crisis in Taiwan.
Securities / Derivatives
First Bangladesh ETFs Secure Regulatory Approval – Report
By Editors | 07/01/2023
The ETFs will be actively managed, one by LankaBangla Asset Management and the other by Frontier Asset Management.
Fintech / Regtech
Korean Payment Firms Required to Improve Fee Transparency
By Editors | 07/01/2023
Ten payment services are required to disclose payment commission rates charged to businesses, including Naver Pay, Kakao Pay and Toss Pay.
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