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Big Picture
The Ties That Bind: Market Connectivity Continues to Increase Despite Opposing Rhetoric
By Larry Thompson | 30/05/2018
Whether it is geopolitical tensions in North Asia, the UK’s exit from the European Union or new U.S. trade policies, globalisation would appear to many to be in retreat in many regions of the world — but this is not the case in financial markets.
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.
Fintech / Regtech
GDPR – Frankenstein’s Monster of Regulation
By Peter Lancos | 22/05/2018
Given the 25 May go-live date, financial institutions in Asia need to immediately consider their obligations under GDPR, which will apply to any firm with clients or employees who are EU citizens.
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.
Fintech / Regtech
MAS Eyes Greater Financial Sector Resilience to Cyber Threats
By Manesh Samtani | 21/05/2018
Consultation to be issued “soon” on raising cyber resilience at financial institutions in Singapore; rules to include internal controls, independent reviews, authentication practices.
Fintech / Regtech
Indonesia to Tighten Rules on Fintech Lenders
By Karen Chiu | 19/05/2018
Fintech lenders will be compelled to be registered with OJK; unregistered firms will be unable to tap financial markets or raise funds from banks.
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.
Fintech / Regtech
Taiwan’s Fubon Bank Launches Blockchain Payment System
By JP Reimann | 16/05/2018
Fubon becomes first Taiwanese bank to launch blockchain-based retail payment system, cutting transaction times to less than one second.
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