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
Crypto / Digital Assets
UPDATED – Japan FSA Responds to $530mn Cryptocurrency Theft
31/01/2018
FSA orders Coincheck to improve security, implement preventative measures; will additionally inspect security mechanisms at other cryptocurrency exchanges.
AML / KYC
Crypto Exchanges Back on Track in S.Korea with New Account Guidelines
25/01/2018
Guidelines cover dealings with exchanges, preventing money-laundering, aiding taxation; exchanges to be fined for privacy issues; payments to overseas exchanges blocked.
Crypto / Digital Assets
ASIC Seeks Stronger Powers to Combat Cybercrime
23/01/2018
Parliamentary submission suggests reforms allowing ASIC to assume identities on the dark web, share phone data with foreign regulators, seize electronic devices.
Crypto / Digital Assets
UPDATED – India Taxes Cryptocurrency Capital Gains, Banks Shut Out Exchanges
23/01/2018
Nationwide survey reveals USD 3.5 billion in cryptocurrency transactions over 17-months; banks suspend services to exchanges to deter ‘suspicious transactions’.
Crypto / Digital Assets
Banks, Payments Providers Ordered to Halt Services for Crypto Traders
23/01/2018
China’s central bank has ordered banks and payment providers to boost investigation and monitoring to detect and shut down accounts linked to cryptocurrency trading.
AML / KYC
UPDATED – Korea to Implement ID System for Crypto Traders
17/01/2018
Plan includes penalties for noncompliance, rooting out of foreign investors and minors, but no trading ban in the short term.
Crypto / Digital Assets
MAS in Talks with Blockchain Firm Ripple on Cross Border Payments
15/01/2018
Ripple chief says technology can speed up cross-border transactions from days to second, save banks trillions in collateral held against settlement risks.
Securities / Derivatives
Thailand Allows Securities Firms to Offer Bitcoin Futures Locally
11/01/2018
The SEC says fraud and money laundering not points of concern as CBOE and CME markets are properly supervised.
Fintech / Regtech
Korea, China, Japan Join Hands on Cryptocurrency Regulation
10/01/2018
Korea carries out bank inspections, China power cut on Bitcoin miners, Japan scrutinises banks’ cryptocurrency activities.
Fintech / Regtech
No Ban on Cryptocurrency, says Malaysia Finance Minister
05/01/2018
Exchanges to be recognised by central bank once regulations are in place; draft guidelines on reporting obligations to come into force early 2018.
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