CRYPTO / DIGITAL ASSETS

    AML / KYC

    Cryptocurrency in APAC: Opportunity, Challenge, and Risk

    By David Liu | 06/06/2018

    Financial institutions are at risk from the inherently opaque nature of cryptocurrency transactions, and require robust compliance programs to mitigating legal, financial, reputational, and regulatory risks.

    Securities / Derivatives

    Taiwan to Launch Crude Oil Futures in July

    By Manesh Samtani | 05/06/2018

    Taiwan Futures Exchange chairman says crude oil futures will allow domestic investors to trade without adverse currency fluctuations; also exploring the application of fintech and other technologies for clearing services.

    Crypto / Digital Assets

    HKMA Finalises Virtual Bank Rules, Applications Now Open

    By JP Reimann | 01/06/2018

    Regulator publishes final guidelines but no change in capital requirements; companies seeking inclusion in first batch of virtual bank applications can apply by 31 August.

    Crypto / Digital Assets

    MAS Warns Eight Crypto Exchanges, Halts ICO Issuer

    By JP Reimann | 28/05/2018

    Exchanges warned against facilitating trading in digital tokens which constitute securities or futures contracts without MAS authorisation; ICO representing equity ownership halted.

    AML / KYC

    India’s Supreme Court to Hear All Crypto Related Cases

    By Manesh Samtani | 25/05/2018

    Several petitions received by courts challenging constitutional validity of RBI order barring banks from crypto dealings; next Supreme Court hearing scheduled for 20 July.

    Big Picture

    Talking Crypto Regulation with Ripple’s Sagar Sarbhai

    By Manesh Samtani | 22/05/2018

    Regulation Asia sat down with Sagar Sarbhai, Head of Government and Regulatory Relations for APAC and the Middle East at Ripple, to discuss the company’s business proposition and the regulatory challenges it faces across the region.

    Crypto / Digital Assets

    Thailand ‘Digital Asset’ Decree Takes Effect

    By JP Reimann | 17/05/2018

    Cryptocurrencies now defined as digital assets, granting the SEC powers to regulate; exchanges have 90 days to register with SEC.

    Crypto / Digital Assets

    South Korea to Ease Cryptocurrency Policy

    By JP Reimann | 17/05/2018

    South Korea to soften cryptocurrency policy, apply FATF standards; central bank to release recommendations by end of June.

    Crypto / Digital Assets

    UPDATED – S.Korea Expands Probe into Crypto Exchanges

    By JP Reimann | 14/05/2018

    South Korean prosecutors have raided the country’s largest cryptocurrency exchange UPbit, seizing hard drives and accounting books; second largest exchange Bithumb also on FSC radar.

    AML / KYC

    FSB Asia Members Consider Financial System Vulnerabilities

    By JP Reimann | 13/05/2018

    Members discussed bank resolution regimes, the use of tech to mitigate AML/CTF risk, governance frameworks to reduce misconduct.

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