Currency exchange transactions in Laos can now only be done through state-run banks. The move has resulted in nationwide business disruptions.
January 29, 2023The recommendations follow bank inspections that were launched in response to suspicious FX transactions used by customers to exploit the so-called “kimchi premium”.
December 8, 2022The new rules will help promote innovation by foreign exchange service providers while also reducing the operational burden associated with licensing.
November 24, 2022The rules are aimed at making it easier for foreign institutional investors to participate in China's bond market.
November 21, 2022Project Mariana involves the Eurosystem, Singapore and Switzerland BIS Innovation Hub Centres, together with the Bank of France, MAS and Swiss National Bank.
November 3, 2022Bangladesh Bank has ordered FIs to enhance their monitoring and report transactions suspected to be linked to crypto assets.
October 21, 2022Any foreign currency transactions worth more than KRW 5,000 has to be reported to the central bank, or face penalties for violating Korea's foreign exchange laws.
October 20, 2022China Development Bank was handed the largest penalty, amounting to CNY 42.7 million. The other nine banks were fined a combined CNY 6.6 million.
October 5, 2022The PBOC is actively discouraging currency speculation and asking banks to reintroduce a yuan fixing tool that was abandoned two years ago.
September 29, 2022The enhanced contract will provide investors exposure to gold at standard global prices without the need for currency conversion.
September 16, 2022