Crypto / Digital Assets

NYAG Announces $22m Settlement With Crypto Firm KuCoin

13/12/2023

KuCoin is required to refund more than USD 16.7 million to New York investors and pay more than USD 5.3 million to the state.

Capital / Liquidity

BCBS Consults on Targeted Adjustments to IRRBB Standard

13/12/2023

The BCBS proposes adjustments to the calibration of the interest rate shocks in the IRRBB standard and the methodology used to calculate the shocks.

ESG / Sustainability

Climate Action Data Trust Launches Public Dashboard

13/12/2023

The dashboard incorporates datasets from Verra, Global Carbon Council, EcoRegistry, BioCarbon Registry, the UNFCCC’s Clean Development Mechanism, and Bhutan’s national registry.

AML / KYC

Korea Seeking Expanded Powers to Freeze Bank Accounts

13/12/2023

Authorities can already freeze accounts linked to voice phishing scams. Prosecutors are looking to expand this to target gambling and drug crime.

Crypto / Digital Assets

Taiwan FSC to Form New Financial Technology Bureau

13/12/2023

The new bureau, operating alongside the FSC’s four other bureaus, will be charged with regulating and supervising the crypto sector.

AML / KYC

CSRC Proposes Tougher Rules for Private Investment Funds

12/12/2023

Qualified investors in PE and VC funds would have to invest at least CNY 3 million, three times the current threshold.

Sanctions

Canada Sanctions Political Candidates from Russian-Occupied Area

12/12/2023

Canada accuses 30 Russian nationals of taking part in “sham” elections in Russian-occupied Kherson Oblast.

Sanctions

Chinese Firms Among More Than 150 Sanctioned by OFAC for Russia Exports

12/12/2023

Latest OFAC action targets individuals and companies in several countries, including China, Singapore, Türkiye, and the UAE, for exporting to Russia’s military-industrial base.

Big Picture

BIS Paper Offers Guidance on Housing-related Financial Stability Risks

12/12/2023

The report outlines lessons from 14 jurisdictions on the use of macroprudential policies to mitigate financial stability risks associated with the housing market.