
Based in Singapore, Mark is an experienced journalist and editor with over a decade of experience reporting on technology and business trends throughout Asia. Mark got his start as an engineer, graduating from the UK's Queen's University of Belfast with a Master's degree in Electrical and Electronic Engineering. As senior reporter for Regulation Asia, Mark focuses on regulatory changes impacting financial markets, with particular interest in fintech, cybersecurity and crypto markets.
Capital / Liquidity
Canada OFSI Issues Guidance on Bank Treatment of Crypto
28/08/2022
OFSI provides no recognition (i.e., a 100% haircut) for Group 2 cryptoassets held as collateral, but is seeking views on hedging practices that could warrant a lower haircut.
Fintech / Regtech
Philippines Issues Draft Rules on Digital Payments Adoption
24/08/2022
All government departments and agencies, state universities and colleges, and state-owned or controlled corporations will have to implement digital payments.
Crypto / Digital Assets
Academic Study Finds Broader Front-Running Problem at Coinbase
23/08/2022
University of Technology Sydney researchers estimate that insider trading occurred on 10-25% of new crypto listings at Coinbase between Sept 2018 and May 2022.
Crypto / Digital Assets
US SEC Files Suit Against Crypto Entities Over ICO Sale
22/08/2022
Blockchain firm Dragonchain raised about $16.5mn without registering its token sales as securities offerings.
Crypto / Digital Assets
India Freezes Crypto Exchange Assets in Money Laundering Probe
18/08/2022
India’s Enforcement Directorate has frozen funds belonging to three crypto firms including the Indian arm of crypto lender Vauld.
AML / KYC
UK: Most Crypto Firms Simply Withdrew Their FCA Applications
26/07/2022
The FCA approved 35 crypto firms out of 273 that applied for registration with the FCA under AML regulations.
Crypto / Digital Assets
US SEC Plans to Require Registration from Crypto Lending Firms
26/07/2022
SEC Chair Gary Gensler said many crypto lenders operate investment companies or banks, and that they should have to be registered under securities law.
Crypto / Digital Assets
BOE Calls for Clear Regulatory Framework for Crypto Assets
14/07/2022
BOE’s Jon Cunliffe said the extension of a regulatory framework to encompass crypto must be grounded in the iron principle of ‘same risk, same regulatory outcome’.
Crypto / Digital Assets
Bitcoin Consumes Less Energy than Classical Payments: Report
25/06/2022
Research report finds that the Lightning network enables a single Bitcoin transaction to become 194 million times more energy-efficient than a classical payment.
Fintech / Regtech
RBI 2025 Vision Targets Growth in Digital Payments
23/06/2022
The vision document outlines plans to introduce a framework for regulating all “significant intermediaries” in the payments ecosystem, as well as regulations for bigtech, fintechs and BNPL.
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