Crypto / Digital Assets

Crackdown on Illegal Financing to Continue – PBOC

26/04/2018

China’s central bank issued a warning on all illegal fundraising, including through financing intermediaries, online finance platforms, real estate, agriculture, ICOs.

Fintech / Regtech

Philippines Launches Real Time E-Payments Platform InstaPay

24/04/2018

Philippine central bank launch of InstaPay will enable real-time electronic fund transfers up to PHP50,000 per day through 20 participating institutions.

Market Infrastructure

Thailand Central Bank Requires E-Money Providers to Register

23/04/2018

BOT requires all e-money, card and fund transfer service providers to register or seek approval from the central bank by 14 August.

AML / KYC

Banks Should Implement Wolfsberg KYC Initiative – MAS

23/04/2018

MAS urges Singaporean banks to incorporate Wolfsberg due diligence questionnaire in risk assessment processes relating to correspondent banking relationships.

AML / KYC

Taiwan to Release AML Crypto Regulations This Year

23/04/2018

Cryptocurrencies to be regulated under new AML rules before a bilateral AML evaluation by APG in November; banks ordered to label crypto exchange accounts as ‘high risk’.

Fintech / Regtech

HKEX Fights Market Abuse with AI, Machine Learning Tech

19/04/2018

NASDAQ technology aims to better safeguard market integrity, detect unusual trading and market abuse, and provide immediate review of group activity involving coordinated trades.

AML / KYC

Self-Regulatory Framework Proposed for Korea’s Crypto Exchanges

19/04/2018

Framework proposed by Korean Blockchain Association proposes includes $1.8mn minimum equity capital, five year storage of transaction records , ethical charter to prevent insider trading.

Market Infrastructure

HK, Japan to Connect Settlement Systems

19/04/2018

BOJ-NET link with HKD CHATS will effectively eliminate the need for the US dollar as an intermediate currency in cross-border transactions.

Fintech / Regtech

HK Brokers Rush to Comply with SFC Cybersecurity Rules

18/04/2018

Several online brokers had been hoping for a delay, tech advisory firm suggests some are ‘willing to trade a little security for convenience’.