{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Regulations Across ASEAN","title":"Bank Indonesia 50bps Rate Hike, MAS Revokes Bsquared Payment Licence & Singapore Insider Trading Convictions — ASEAN RegWatch May 24, 2026","html":"","width":"100%","height":180,"duration":198,"description":"This week's ASEAN RegWatch covers five regulatory developments across Indonesia and Singapore — a week defined by monetary policy tightening and MAS enforcement action.\r\n\r\nIn Indonesia, Bank Indonesia raised the BI-Rate by 50 basis points to 5.25 percent, with Deposit Facility and Lending Facility rates increased by the same margin. The central bank is intensifying foreign exchange intervention through non-deliverable forwards and spot transactions, raising yields on Bank Indonesia Rupiah Securities to counter capital outflows, and easing macroprudential policy via the Macroprudential Intermediation Ratio and Liquidity Incentive Policy from July and August 2026.\r\n\r\nIn Singapore, the Monetary Authority of Singapore revoked the Major Payment Institution Licence of Bsquared Technology Pte Ltd effective May 14, 2026, under the Payment Services Act, prohibiting all digital payment token services. \r\n\r\nBsquared must submit an auditor closure certificate confirming all customer monies are properly handled. MAS cited failures in regulatory integrity, risk management, and accuracy of information provided to the regulator.\r\n\r\nAlso in Singapore, two individuals were convicted under the Securities and Futures Act for false trading and insider trading. MAS and Singapore Police jointly prosecuted — confirming that market integrity breaches carry criminal consequences, not just civil penalties.\r\n\r\nAt the regional level, the World Anti-Doping Agency signed a three-year Memorandum of Understanding with ASEAN to harmonise national anti-doping policies and support implementation of the 2027 World Anti-Doping Code across member states.\r\n\r\nEssential listening for CCOs, payment institution compliance officers, treasury and capital markets leads, and risk officers across Indonesia, Singapore, and the broader ASEAN region.\r\n\r\nCarver RegWatch delivers weekly regulatory intelligence across jurisdictions. Published May 24, 2026.","thumbnail_url":"https://img.transistorcdn.com/eEQnr9XLjxcHUZZz3_g88dmo8jSPZ79a1VoWup0ubFE/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS81OGE2/YTI1OWZmM2IxOTU2/YzY1NDI0OGM4Zjdh/YTk4Yi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}