Manesh Samtani
Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. manesh@regulationasia.com
Articles by Manesh Samtani
Enforcement
Korea Establishes Interagency Investigative Team for Crypto
27/07/2023
Until new rules for the crypto sector come into force in 2024, the new investigative team will be charged with investigating unlawful trading activities.
ESG / Sustainability
IOSCO Announces Formal Endorsement of ISSB Standards
25/07/2023
IOSCO is now calling on regulators around the world to consider adopting the ISSB standards in their local jurisdictions.
Securities / Derivatives
Mainland Investors Cut Off from Using Northbound Stock Connect
25/07/2023
As of 25 July, exchange participants are not allowed to register new BCANs for clients who are Mainland investors.
Crypto / Digital Assets
FSS Korea Issues ‘Best Practices’ Guidance on Crypto-related Disclosures
25/07/2023
The FSS provides sample footnote disclosures for virtual asset issuers, holders, and exchanges, in line with new crypto asset accounting and disclosure guidelines.
Crypto / Digital Assets
Couple Responsible for 2016 Bitfinex Hack Reach Plea Deal
24/07/2023
The 119,754 bitcoin stolen was worth $71mn at the time of the hack. When the couple was arrested in Feb 2022, it was worth over $4.5mn.
Crypto / Digital Assets
Russian President Signs CBDC Bill Into Law
24/07/2023
The central bank will begin piloting a digital ruble in August, with 13 banks and about 30 enterprises from 11 cities participating.
Crypto / Digital Assets
Indonesia Launches National Cryptocurrency Exchange
24/07/2023
The new exchange will serve as the only trading venue in the country where digital assets can be exchanged legally.
AML / KYC
US DOJ Elevates Crypto Enforcement Team Within Criminal Division
24/07/2023
NCET will merge into the Computer Crime and Intellectual Property Section, more than doubling the number of prosecutors available to work on crypto-related crime.
Sanctions
Western Allies Announce New Sanctions to Deter Russia
21/07/2023
US sanctions include Russian metal producers and financial institutions. Canada targeted Russia’s military-industrial complex. UK, Australia and EU also have new targets.
Securities / Derivatives
Shanghai, Shenzhen Bourses Tighten Rules on GDR Listings
20/07/2023
The new rules are aimed at preventing Chinese investors participating in GDR offerings from exploiting home market price differences.
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