Flash News

TREE NEWS update: Chilean crypto exchange Orionx has halted withdrawals and begun winding down operations following alleged transfers of $7 million in client assets. Chile’s financial regulator said it does not oversee the exchange’s closure and lacks power to order customer repayments.

TREE NEWS update: China’s central bank and seven other ministries jointly issued the ‘Measures for the Management of Online Marketing of Financial Products’, effective September 30, 2026. The rules do not ban online sales but require marketing via self-operated platforms or officially authorized third-party accounts. Marketers must be licensed financial institution staff, meaning KOLs need certification.

TREE NEWS update: Ireland’s Criminal Assets Bureau said criminal gangs are renting private vaults to store cryptocurrency private keys alongside cash, watches, and passports. The revelation highlights how criminals are adapting to hide digital assets from authorities, complicating asset seizure efforts.

TREE NEWS update: China Securities Regulatory Commission (CSRC) Chairman Wu Qing met Saudi Arabia’s Assistant Minister of Investment Ibrahim bin Yousef Al-Mubarak in Beijing on September 7. The two sides exchanged views on strengthening capital market cooperation and promoting two-way investment between China and Saudi Arabia.

TREE NEWS update: On September 7, Wu Qing, Chairman of the China Securities Regulatory Commission, met in Beijing with Salmi, Executive President of Oman’s Financial Services Authority. The two sides exchanged views on strengthening capital market cooperation between China and Oman and on the achievements of China’s capital market reform and opening-up.

TREE NEWS update: China’s National Copyright Administration (NCAC) issued its 15th Five-Year Plan for copyright work, vowing to intensify crackdowns on software infringement and support software companies in overseas rights protection. The plan emphasizes expanding joint regulatory achievements in software legalization, integrating software legalization with informatization, and advancing efforts in key sectors such as education and healthcare. It also aims to enhance governance efficiency in software legalization under informatized conditions and promote high-quality software industry development.

TREE NEWS update: China’s National Copyright Administration has issued the 15th Five-Year Plan for Copyright Work, setting targets through 2030. The plan aims to improve copyright legal systems, enhance enforcement and regulatory levels, strengthen social services, deepen international cooperation, and increase public awareness of copyright protection.

TREE NEWS update: The National Sheriffs’ Association, which four months ago warned senators that the Clarity Act would grant mixers and DeFi a blanket AML exemption, has now adopted a neutral stance, saying it will let the legislative process play out. The reversal follows its earlier opposition to the bill, which it claimed could shield crypto crime.

TREE NEWS update: ST Wenfeng said Jiangsu High Court ruled in the securities manipulation case involving Xu Xiang and Xu Changjiang, upholding 11 verdicts requiring compensation of 8.598M yuan to 58 investors with company joint liability, but overturning two others, making Xu Xiang solely liable. The judgment amount is below the 41.3637M yuan provision, with no impact on current earnings. Courts have accepted 1,017 investor lawsuits, with 67 settled, totaling 9.7004M yuan in joint compensation.

TREE NEWS update: The Philippine central bank has proposed pausing new payment operator registrations while imposing enhanced monitoring and transaction limits on arrangements involving virtual asset firms. The measure aims to tighten oversight of the sector amid growing crypto-related risks.

TREE NEWS update: UK Chancellor Rachel Reeves acknowledged public concerns over AI, stating it will transform the labour market in ways even economists cannot fully comprehend. She stressed the need to address national security risks posed by AI and pledged not to let opportunities slip, while vowing to prevent unregulated expansion.

TREE NEWS update: On September 7, 2026, the Weifang Intermediate People’s Court in Shandong sentenced Wang Jianjun, former vice chairman of the China Securities Regulatory Commission, to life imprisonment for bribery. His political rights were stripped for life, and all personal property was confiscated. Illicit gains and their proceeds were ordered to be turned over to the state treasury.

TREE NEWS update: On Sept 7, China’s Ministry of Industry and Information Technology (MIIT) released its 15th Five-Year Plan for the information and communications industry, proposing a full-lifecycle real-name registration and security management system. The plan includes building a data-driven, precise risk-control and closed-loop technical prevention system, promoting tiered handling of fraud-related apps, and establishing an industry anti-fraud laboratory. It also aims to strengthen AI-driven anti-fraud technical systems and explore AI anti-fraud assistants, with coordinated governance across telecom, finance, and cyberspace departments.

TREE NEWS update: China and the United States have maintained communication on artificial intelligence issues, Foreign Ministry spokesperson Mao Ning said on May 7 in response to reports of a possible AI dialogue between the two countries in coming weeks. Mao made the remarks at a regular press briefing.

TREE NEWS update: China’s Supreme People’s Court on Sept 7 issued judicial guidelines for AI-related disputes, covering AI face-swapping, voice imitation, AI hallucinations, and data discrimination. The 24-article document sets rules for civil liability and litigation procedures to foster healthy AI development.

TREE NEWS update: China’s State Administration for Market Regulation (SAMR) published its second batch of typical cases under merger antitrust review, aiming to enhance transparency in enforcement and guide compliant investment and M&A by market entities.

TREE NEWS update: South Korea’s National Tax Service ruled that individuals with accounts at overseas virtual asset exchanges must report them as foreign financial accounts even if the exchange goes bankrupt. The NTS stated on August 28 that residents trading digital assets must declare such accounts regardless of the operator’s insolvency. Digital assets subject to overseas account reporting are expected to reach 10.5 trillion won in 2026, down 5.4% from 2025.

TREE NEWS update: The Bangko Sentral ng Pilipinas (BSP) plans to suspend acceptance of new registrations, licensing, and related authorization applications from payment system operators (OPS) for one year. The moratorium aims to facilitate a comprehensive review of the classification and licensing framework for OPS. The draft also proposes a central database for QR-accepting merchants, integrating merchant identity, registration, payment service providers, settlement accounts, and risk classification, with status flags.

TREE NEWS update: HSBC Bank (China) announced on September 7 that it has completed a direct system link with China Wealth, becoming one of the first foreign banks to do so since the new asset management product information disclosure rules took effect on September 1.

TREE NEWS update: Iran’s Supreme National Security Council Secretary Ali Rezaei announced on April 6 that Tehran will declare a “no-go zone” in the Strait of Hormuz in the coming days. The zone will extend from a U.S. naval blockade line into parts of the Persian Gulf. Any vessel entering the zone will be blacklisted by Iran, which claims it can track and sink U.S. ships but has refrained to avoid environmental damage from oil spills.