Mark Johnston

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    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.

    Articles by Mark Johnston

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    Enforcement

    Russian National Receives Light Sentence for Laundering Ransomware Proceeds

    18/04/2023

    Denis Dubnikov laundered money for the Ryuk ransomware gang, but pleaded guilty and cooperated with investigators.

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    Fintech / Regtech

    Japan’s Big Three Banks Embrace Generative AI Chatbots

    18/04/2023

    The adoption of AI chatbots by Japan’s top banks could spur other major Japanese companies to follow suit, as generative AI technology becomes increasingly popular.

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    Fintech / Regtech

    UK Regulators Announce Next Steps for Open Banking Regime

    18/04/2023

    A new body will be created to boost the uptake of open banking in the UK and extend its benefits to other sectors of the economy.

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    Crypto / Digital Assets

    UK Regulator to Impose Limits on Stablecoin Payments

    18/04/2023

    The BOE and the FCA will propose new rules by year-end to ensure stablecoins are redeemable in fiat money and do not threaten financial stability.

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    AML / KYC

    Hong Kong Police Bust SIM Card Fraud Ring Linked to Triads

    16/04/2023

    The suspects registered SIM cards with fake IDs and sold them to scammers who created social media accounts to lure victims.

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    AML / KYC

    US Sentences Man Who Stole Bitcoin from Silk Road to Prison

    15/04/2023

    The DOJ said James Zhong executed a scheme to trick Silk Road’s withdrawal system and steal 50,000 Bitcoin in 2012.

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    Market Infrastructure

    UK Authorities Issue Statement on Upcoming Cessation of USD LIBOR Panel

    13/04/2023

    The statement emphasises the importance of active transition and reminds participants that synthetic LIBOR can only be used as a temporary bridging tool.

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    Big Picture

    BIS Bulletin Examines Stablecoins and Tokenised Deposits

    12/04/2023

    A new BIS bulletin says private tokenised money should be configured appropriately to ensure “singleness of money”.

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    AML / KYC

    EU-Funded Report Explores Crypto Use in Darknet Markets

    12/04/2023

    Law enforcement needs training, resources, technology and cooperation to effectively investigate darknet markets, which grew 469-fold between 2011 and 2020.

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    Big Picture

    Report Examines Policy Implications of US Bank Bailouts

    11/04/2023

    Congressional Research Service report examines policy issues raised by the systemic risk exception invoked for SVB and Signature Bank.

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