Cryptocurrency

Anti-Money Laundering

S. Korea Announces Revised Tax Bill

By Editors | 06/08/2018

Bill expands crackdown on tax evasion, ends derivatives tax exemptions, disqualifies crypto exchanges as SMEs for tax reductions.

Cryptocurrency

Shariah Fintech – A Case Study of Indonesia

By Sharifah Nursyafiqah | 25/07/2018

Better support and regulation for Shariah-compliant fintech will serve to boost the Islamic finance industry, increasing the share of Islamic banks in Indonesia’s financial services sector and ultimately making it more competitive.

AI Risk & Governance

S. Korea FSC Reorganises to Meet ‘Fourth Industrial Revolution’

By Editors | 24/07/2018

New body charged with industry-wide consumer protection issues; Financial Innovation Bureau formed to respond to new challenges including cryptocurrency.

Cloud & Infrastructure

Japan FSA Reorganises to Meet Fintech Challenge

By Editors | 19/07/2018

Newly created Strategy Development and Management Bureau responsible for financial policy, fintech, cryptocurrencies, money laundering, as well as administraitive duties and inspections at financial institutions.

Cryptocurrency

Crypto Assets Come Under International Regulatory Scrutiny

By Garima Chitkara | 19/07/2018

The FSB submitted a report to the G20 detailing a framework to monitor potential contagion risks and wealth effects arising from crypto-assets.

Cryptocurrency

Bank-backed Crypto Exchange Opens to Retail Investors in Japan

By Garima Chitkara | 19/07/2018

Following limited launch by SBI Holdings in June, cryptocurrency exchange VCTRADE has now begun accepting retail investors; no applications allowed from corporate or institutional investors.

Custody & Infrastructure

Thailand Explores Blockchain Use for Banking, Bonds Settlement

By Garima Chitkara | 18/07/2018

BOT looking at blockchain applications for document authentication, cross-border payments and regional connectivity; Bond Market Association working to release a bond settlement token.

Cryptocurrency

Australian Tax Officials To Crack Down On Crypto Traders

By Garima Chitkara | 12/07/2018

The Australian Tax Office will use cross border data sharing agreements to track tax obligations of cryptocurrency traders, though tax implications from major gains will likely be confined to a few individuals.

Cryptocurrency

RISE HK: Regulation Needed to Clean Up Crypto Sector

By Manesh Samtani | 12/07/2018

At the RISE conference in Hong Kong this week, industry participants called for regulation in the crypto sector “earlier rather than later”, to avoid backlash which could set the industry back.