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Cryptocurrency
Malaysia Restricts Crypto Activity Until New Guidelines in Place
By Manesh Samtani | 17/01/2019
Crypto exchange operators are prohibited from accepting new clients and ongoing ICO projects must return all client funds, until the securities regulator is ready to formally authorise their activities.
Cloud & Infrastructure
Nine Associations Join Forces to Launch ‘Asia-Pacific FinTech Network’
By Editors | 17/01/2019
Launched at the Asian Financial Forum in Hong Kong, the new network aims to boost regional collaboration and cross-border innovation.
Custody & Infrastructure
HSBC to Enable Blockchain-based FX Settlement Platform for Clients
By Editors | 15/01/2019
In the last year, HSBC has processed more than 3 million internal FX transactions worth over $250bn using the blockchain-based FX settlement platform.
Cybersecurity
Two Thirds of Korean Crypto Exchanges Vulnerable to Hacking
By Manesh Samtani | 14/01/2019
Only 7 of 21 crypto exchanges in South Korea passed the government’s security audit; the rest are “vulnerable to hacking attacks at all times.”
CBDCs
BIS Issues Report on Central Bank Digital Currencies
By Editors | 10/01/2019
Only one of 63 central bank respondents has said it is very likely to issue a central bank digital currency in the next six years.
Cryptocurrency
Japan FSA to Crack Down on Unlicensed Crypto Investment Firms
By Editors | 10/01/2019
Currently, investment firms collecting funds from investors in cryptocurrency do not explicitly fall under Japan’s Financial Instruments and Exchange Act.
Cryptocurrency
UPDATED – Japan FSA Considers Approving Crypto ETFs
By Editors | 08/01/2019
The FSA is gauging industry interest in crypto ETFs, following its release of a new draft framework for the sector that could become law in 2020.
Tokenisation
Philippines SEC Extends Consultation on ICO Rules
By Editors | 31/12/2018
The second round of public consultation is open until 15 January, after stakeholders asked for more time to study the draft rules.
Market Abuse
S. Korea’s Largest Crypto Exchange Accused of Inflating Volumes, Prices
By Editors | 27/12/2018
South Korea’s Upbit is alleged to have used bots to manipulate trading volumes and prices to attract investors to the exchange. Two officers and an employee have been indicted.
AI Risk & Governance
India Eyes Introduction of Sandbox Policy to Boost Capital Markets Innovation
By Editors | 24/12/2018
SEBI is examining whether legislative changes are required for the sandbox, as it seeks to enable the use of machine learning, artificial intelligence and blockchain in capital markets.
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