Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
Tokenisation
US SEC Settles Second NFT-related Enforcement Action
14/09/2023
Animated web series creator will pay $1mn to settle SEC claims that it conducted an unregistered offering of crypto asset securities. Two commissioners dissented.
Fraud, Scams & Cybercrime
US Court Sentences Co-Founder of “OneCoin” Fraud to 20 Years
14/09/2023
OneCoin was a fraudulent cryptocurrency that was sold through a pyramid scheme to millions of people from 2014-2016, resulting in $4bn in worldwide losses.
Structural Regulation
Australia to Ban Credit Card, Digital Currency Use for Online Gambling
14/09/2023
The bill will make it illegal for online gambling companies to accept credit cards, credit related products and digital currency as payment methods for online gambling.
Clearing & Post-Trade
CFTC Extends No-Action Letter for TAIFEX Swaps Clearing
14/09/2023
The six month extension allows US persons to continue clearing swaps on TAIFEX for proprietary trades while a formal CFTC exemption is pending.
Sustainable Finance
Singapore Launches Largest Ever Equity ETF to Drive Climate Action
14/09/2023
The SGX-listed fund is managed by BlackRock and anchored by Prudential, with additional backing from investors that include Temasek and Singlife.
KYC & CDD
Singapore Announces New Initiatives to Support Family Offices
14/09/2023
The initiatives will help new family offices orientate themselves in Singapore and strengthen their financial crime compliance capabilities.
Custody & Infrastructure
Industry Bodies Call on SEC to Reassess Custody Rule Proposal
14/09/2023
A letter from 26 trade associations calls on the SEC to re-evaluate the costs and economic impacts of its custody rule proposal.
Credit Risk
FSC Korea to Tighten Rules on 50 Year Mortgage Loans
14/09/2023
Banks only started offering 50-year mortgages this year, but household debt grew in August at the fastest pace since February 2020.
Anti-Bribery & Corruption
Former China Life Chairman Received Suspended Death Sentence
14/09/2023
Wang Bin was sentenced for accepting bribes worth CNY 325 million and illegally concealing CNY 54.2 million in overseas deposits.
CBDCs
HKMA, Central Banks to Beta Test CBDC Interoperability Solution
14/09/2023
New use cases for the solution, developed by Swift, are also being tested in a new sandbox environment by the RBA, BOT, CLS and other institutions.
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