Fintech / Regtech

AML / KYC

S. Korea Probes Illegal Forex Transactions Using Cryptocurrency

By Manesh Samtani | 01/02/2018

Korea Customs Service alleges KRW637.5 bn of foreign exchange crimes, including the use of cryptocurrency to conduct forex transactions, foreign remittances, illegal smuggling.

Fintech / Regtech

Bank Indonesia to Trial ‘Digital Rupiah’ in 2018

By Manesh Samtani | 31/01/2018

The digital currency’s value will be based on the existing currency system, backed by “real assets” and will take into account the inflation rate.

Fintech / Regtech

South Korea Pursues Global Cooperation on Crypto Regulation

By Manesh Samtani | 31/01/2018

Ministry of Strategy and Finance officials have been sent to Japan to discuss oversight and taxation issues, with plans to also visit US, UK, German authorities.

Crypto / Digital Assets

UPDATED – Japan FSA Responds to $530mn Cryptocurrency Theft

By Manesh Samtani | 31/01/2018

FSA orders Coincheck to improve security, implement preventative measures; will additionally inspect security mechanisms at other cryptocurrency exchanges.

Crypto / Digital Assets

Banks’ Fintech Reluctance Leaves Market Share Up for Grabs

By Peter Guy | 31/01/2018

Despite technological improvement and innovation, FIs are still not embracing fintech, and start-ups are finding it harder than expected to gain traction.

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.

AML / KYC

Real Estate and Trade Finance – The New AML Battlegrounds

By Samuel Riding | 25/01/2018

After years of scrutiny of banking relationships, regulators are now turning their attention to other stores of value, according to Accuity CEO Hugh Jones.