CRYPTO / DIGITAL ASSETS

Fintech / Regtech

Decentralised Crypto Exchanges Could Render Regulatory Efforts Meaningless

By Bradley Maclean | 29/01/2018

Global regulators and institutions need to work together to develop globally harmonised standards, rather than the onerous regulatory frameworks proposed […]

Securities / Derivatives

FIX Releases New Technical Standard on Cybersecurity

By Editors | 26/01/2018

The new technical standard specifies how to use TLS to secure FIX communications, expected to improve cybersecurity across the industry.

AML / KYC

Crypto Exchanges Back on Track in S.Korea with New Account Guidelines

By Manesh Samtani | 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

By Manesh Samtani | 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 

By Manesh Samtani | 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

By Manesh Samtani | 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.

Fintech / Regtech

SEC Refusal to Support Crypto-based ETFs Will Influence Asian Regulators

By Bradley Maclean | 22/01/2018

US regulator cited concerns around valuation and liquidity, among other issues; but comments made in rejection letter open path to eventual approval.

AML / KYC

UPDATED – Korea to Implement ID System for Crypto Traders

By Manesh Samtani | 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

By Manesh Samtani | 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.