Fintech / Regtech

Staff and executives at three exchanges allegedly siphoned customer deposits to buy cryptocurrency on other platforms.

Regulator says it has observed data governance regimes in other jurisdictions; says Chinese lenders’ data can be inaccurate, insufficiently comprehensive, and outdated.

In a speech at Money 20/20 Asia, MAS managing director Ravi Menon spoke about the promise of blockchain technology and containing cryptocurrency risks; AML/CTF risks present a "clear and present danger".

Financial institutions will be allowed to decline MAS requests for previously-submitted data; new regulatory returns to be submitted in machine-readable formats.

Japan to urge G20 leaders to close money laundering loopholes that exist due to weak regulation in some jurisdictions, without stifling innovation.

Central bank-issued digital currencies can enhance payments, settlement, efficiency; but financial stability implications warrant consideration.

Cryptocurrencies will be classified as assets and regulated by SEC; capital gains from trading to be taxed at 10 percent.

CSRC head of technology Zheng Ye encourages the use of blockchain technology for public services, but says absolute decentralisation is untenable.

Choi Jong-koo also lobbies to allow Korean firms to expand their business remits in the Southeast Asian country.

Five exchanges including recently-hacked Coincheck ordered to improve internal controls; two exchanges ordered to halt services.