Regulasyon
Friderica Widyasari selected as new OJK commissioner board chair
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Indonesia's House Commission XI announced five candidates for OJK commissioner board positions for 2026-2031 who passed the fit and proper test, including Friderica Widyasari as chair. The announcement followed the examination of 10 candidates on March 11, 2026, in Jakarta. The names will be discussed in a DPR plenary session on March 12.
Spain's National Commission on Markets and Competition (CNMC) approved on Tuesday a proposal setting remuneration methodology for natural gas distribution networks for 2027-2032, keeping base levels steady with a 2% improvement. It rejects industry calls for 2020 cut compensation and adds incentives for biomethane injection and digitalization. The plan enters public consultation today.
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Colombia's Water Regulation Commission (CRA), Housing Ministry, and Superservicios unveiled a new tariff framework for drinking water and basic sanitation affecting 5,000 providers. The change excludes projected investments from tariffs, billing only those completed year-to-year. Andesco raised concerns over the lack of a transition period and potential tariff hikes.
China's Supreme People's Court has warned of stricter penalties for using cryptocurrencies to launder money and evade capital controls. Chief Justice Zhang Jun made the statement in the court's annual report to the National People's Congress on March 9. The move reflects Beijing's ongoing crackdown on technology-enabled financial crimes.
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The Insurance Regulatory Authority (IRA) has placed KUSCCO Mutual Assurance Ltd, Trident Insurance Company Ltd, and Corporate Insurance Company Ltd under statutory management effective March 10, 2026. The firms cannot issue new policies from March 11, and existing policyholders are advised to seek alternative coverage.
The U.S. Treasury Department submitted a report to Congress on March 9, 2026—commissioned under the GENIUS Act—outlining four technological pillars to enhance transparency in cryptocurrency transactions: artificial intelligence for monitoring, digital identity for onboarding, blockchain analytics for tracing, and interoperable data-sharing APIs. It describes digital assets as key to U.S. innovation leadership while acknowledging lawful users' need for privacy tools like mixers on public blockchains, amid risks from illicit exploitation.
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Russia's central bank is considering a plan to let banks and brokerage firms operate cryptocurrency exchanges using a simplified notification process tied to their existing licenses. Governor Elvira Nabiullina presented the proposal as a way to integrate digital assets into the country's financial infrastructure while managing risks. The move is part of broader efforts to establish a regulatory framework for cryptocurrencies, effective from July 2026.
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