CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

South Korean Crypto Exchanges Raided in Embezzlement Probe

By Manesh Samtani | 20/03/2018

Staff and executives at three exchanges allegedly siphoned customer deposits to buy cryptocurrency on other platforms.

Market Infrastructure

Malaysia Establishes Working Group to Digitise Brokerage Industry

By Garima Chitkara | 18/03/2018

The BRIDGe working group will work to enhance operational efficiencies and service standards, promote innovation and reduce brokerage costs.

AML / KYC

Money 20/20: MAS Speaks Out on Crypto Risks, Blockchain

By Manesh Samtani | 17/03/2018

In a speech at Money 20/20 Asia, MAS managing director Ravi Menon spoke about the promise of blockchain technology and containing cryptocurrency risks; AML/CTF risks present a “clear and present danger”.

Fintech / Regtech

Japan to Push G20 for Global AML Rules for Cryptcurrency

By Manesh Samtani | 14/03/2018

Japan to urge G20 leaders to close money laundering loopholes that exist due to weak regulation in some jurisdictions, without stifling innovation.

Crypto / Digital Assets

Thailand to Legalise Cryptocurrency by Royal Decree

By Manesh Samtani | 14/03/2018

Cryptocurrencies will be classified as assets and regulated by SEC; capital gains from trading to be taxed at 10 percent.

AML / KYC

Japan FSA Orders Business Improvement, Closures at Crypto Exchanges

By Manesh Samtani | 10/03/2018

Five exchanges including recently-hacked Coincheck ordered to improve internal controls; two exchanges ordered to halt services.

Crypto / Digital Assets

China Advisor Urges Creation of National Cryptocurrency Exchange

By Manesh Samtani | 07/03/2018

Top political advisor says national exchange and cryptocurrency approval system should be jointly overseen by central bank and securities regulator.

Fintech / Regtech

Thailand Edges Closer to Cryptocurrency Regulation

By Manesh Samtani | 05/03/2018

Securities regulator to propose regulations for initial coin offerings and other forms of cryptocurrency investment.

Crypto / Digital Assets

Taiwan to Explore Blockchain-based Payments System

By Manesh Samtani | 04/03/2018

New central bank governor suggests artificial intelligence, big data and blockchain technology will revolutionise Taiwan’s financial landscape.