Digital Assets

Cryptocurrency

Japan Allows Self-Regulation Among Cryptocurrency Exchanges

By Garima Chitkara | 25/10/2018

The Japan Virtual Currency Exchange Association has been given a “certified fund settlement business association” accreditation, allowing it to make rules and police domestic exchanges.

AI Risk & Governance

Fintech Must be Governed Under Existing Legal Frameworks – HKEX

By Manesh Samtani | 24/10/2018

Financial services offered in either a test or real environment should be governed by the same legal framework, says HKEX in a new report.

Data Privacy

China to Regulate Blockchain-based Information Services

By Manesh Samtani | 24/10/2018

China’s internet censorship agency has drafted rules requiring blockchain information service providers to collect, store and potentially share user data with authorities.

Anti-Money Laundering

Urgent Action Needed to Prevent Misuse of Virtual Assets – FATF

By Manesh Samtani | 23/10/2018

There is an urgent need for all jurisdictions to take coordinated action to prevent the use of virtual assets for crime and terrorism, the FATF said.

Clearing & Post-Trade

DLT Can Process Peak Equity Trading Volumes – DTCC

By Manesh Samtani | 18/10/2018

The results of the study prove that distributed ledger technology’s performance can scale to meet the needs of markets of different sizes and maturity, says DTCC’s Murray Pozmanter.

Cryptocurrency

Hong Kong Seeks Formal Rules for Cryptocurrency: Outgoing SFC Chief

By Garima Chitkara | 16/10/2018

The SFC does not think a total ban on crypto platforms is the right approach and is exploring formal rules for existing operators, outgoing chairman Carlson Tong told SCMP.

Anti-Money Laundering

Europe’s AMLD5 and its Impact on AML Regulations in Asia

By Claus Christensen | 15/10/2018

While AMLD5 confirms the EU’s leadership role in AML legislation, similar efforts have been seen in Asia, says Claus Christensen at Know Your Customer Ltd.

Cryptocurrency

MAS to Help Crypto Firms Access Banking Services – Report

By Manesh Samtani | 11/10/2018

Ravi Menon told Bloomberg that MAS is trying to bring banks and crypto startups together to see if an understanding can be reached.

Clearing & Post-Trade

BOT Pilot to Reduce Government Bond Settlement to T+2

By Manesh Samtani | 05/10/2018

The pilot uses distributed ledger technology to enhance efficiency, transparency and security while reducing operating costs in the sales of government savings bonds.