Crypto / Digital Assets

    Crypto / Digital Assets

    Cryptocurrency Worth $1.1bn Stolen in H1 2018 – Report

    By JP Reimann | 12/06/2018

    Theft facilitated by $6.7mn dark web marketplace for crypto-related malware; cryptocurrency exchange most vulnerable to attack.

    Market Infrastructure

    PBOC Develops Blockchain System to Digitise Paper Checks

    By JP Reimann | 07/06/2018

    Central bank to reduce fraud by tokenising checks with blockchain and having operations conducted by smart contracts; new system will remove manual cross-checking process, shorten transaction times to about 3 seconds.

    Crypto / Digital Assets

    Indonesia Recognises Cryptocurrencies As Commodities

    By Garima Chitkara | 07/06/2018

    Commodities regulator reportedly introducing futures trading in crypto even as Indonesia’s financial services regulator continues to bar financial firms from trading in any crypto-based instruments.

    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.

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