Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
PEPs & Sanctions
EU to Sanction Iran Over Drone Sales to Russia
20/10/2022
The EU has just imposed sanctions over the way protests in Iran are being handled. The drone transfers to Russia are considered a violation of a UNSC resolution.
Structural Regulation
Australia: Industry Body Launches BNPL Code Review
19/10/2022
The review was launched six months early in response to feedback from stakeholders. The findings are due to be reported by 1 March 2023.
Payments & Settlements
Korea Warns Against Direct FX Transactions Between Individuals
19/10/2022
Any 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.
Fraud, Scams & Cybercrime
Philippines to Curb Scams by Requiring ID Registration for SIM Cards
19/10/2022
Telcos are required to collect customer ID information when selling SIM cards. The law is aimed at curbing the spread of spam text messages and scams.
Cloud & Infrastructure
India Launches Digital Banking Units to Advance Financial Inclusion
19/10/2022
The units were established by 24 banks to house digital infrastructure for the delivery of digital banking products and services in self-service and assisted mode.
Supervision & Enforcement
Malaysia SC Signs Regional MMoU on Supervisory Cooperation
19/10/2022
Malaysia’s SC now has a cooperative arrangement on supervisory matters with regional counterparts in Australia, Hong Kong, Japan, Singapore and Thailand.
Cryptocurrency
US Regulators Probe Failed Crypto Firm Three Arrows Capital
19/10/2022
The SEC and CFTC are reportedly looking into whether Three Arrows misled investors and violated rules by not registering its business.
Trading & Investment
South Korea Scraps Foreigner Tax on Government Bond Income
19/10/2022
The government was planning to waive the tax for non-residents and foreign corporations in January but decided to bring the measure forward.
Structural Regulation
CBIRC Approves BNP-AgBank Wealth Management JV
19/10/2022
BNP’s asset management arm will own 51 percent stake in the venture while Agricultural Bank of China’s wealth management unit owns the rest.
Cloud & Infrastructure
Kakao Under Probe Over Unprecedented Service Disruption
19/10/2022
A fire occurred at a data centre where Kakao operates 32,000 servers that support the vast majority of its mobile services.
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