Crypto / Digital Assets

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.

Securities / Derivatives

Thailand Allows Securities Firms to Offer Bitcoin Futures Locally

By Manesh Samtani | 11/01/2018

The SEC says fraud and money laundering not points of concern as CBOE and CME markets are properly supervised.

Fintech / Regtech

Korea, China, Japan Join Hands on Cryptocurrency Regulation

By Manesh Samtani | 10/01/2018

Korea carries out bank inspections, China power cut on Bitcoin miners, Japan scrutinises banks’ cryptocurrency activities.

AML / KYC

Singapore to Enforce AML/CTF Rules on Cryptocurrency Intermediaries

By Garima Chitkara | 10/01/2018

Deputy prime minister says no major AML lapses have been found at Singapore banks when asked about ‘Russian Laundromat’ probe.