Digital Assets

Fraud, Scams & Cybercrime

Japan FSA Probes $60mn Hack at Crypto Exchange

By Manesh Samtani | 24/09/2018

About two-thirds of the stolen cryptocurrency belonged to customers of the exchange platform Zaif, which will receive a cash infusion from Fisco Digital Asset Group to help repay them.

Custody & Infrastructure

PBOC Trials Blockchain-based Trade Finance in Shenzhen

By Editors | 05/09/2018

Testing phase of new platform deployed at financial institutions including BOC, CCB, CMB, Ping An and StanChart, in a bid to boost efficiency of trade and financing activities.

Anti-Money Laundering

What You Need to Know About the EU’s 5th AML Directive

By ComplyAdvantage | 05/09/2018

The Fifth Money Laundering Directive (5MLD) will come into force on the 10 January 2020, with far-reaching impacts aimed at addressing weaknesses in the EU’s AML/CFT regime that have come to light since the enactment of 4MLD in June 2017.

Tokenisation

MAS, SGX to Develop Cross-Platform DvP Settlement of Tokenised Assets

By Manesh Samtani | 27/08/2018

Nasdaq, Deloitte and Anquan appointed as technology partners to enable simultaneous exchange and settlement of tokenised digital currencies and securities assets using blockchain technology.

Cryptocurrency

The Rise of the Crypto Hedge Fund: Opportunities and Challenges

By Hannah Cassidy | 27/08/2018

Cryptocurrency is fast establishing itself as a mainstream asset class, evident from the emergence of several new crypto hedge funds. However, given the complex regulatory and operational issues involved, it is important for firms to review crypto-related projects carefully and engage with regulators early to avoid costly surprises and delays.

Cryptocurrency

China Blocks 124 Offshore Crypto Trading Platforms

By Garima Chitkara | 27/08/2018

In the latest move in a long line of measures to stamp out cryptocurrency trading, payments and ICOs in the country, the PBOC will block the IP addresses of over 120 offshore crypto exchange platforms accessible on the mainland.

CBDCs

Thailand Central Bank Digital Currency Prototype Slated for Q1 2019

By Editors | 22/08/2018

Bank of Thailand will work with 8 participating banks to design, develop and test domestic wholesale funds transfers using a central bank digital currency.

Fraud, Scams & Cybercrime

Chinese Police Arrest Hackers on Suspicion of $88mn Cryptocurrency Theft

By Editors | 22/08/2018

Chinese police have arrested three individuals who allegedly hacked computers belonging to individuals and companies to steal 600 million yuan in bitcoin and ether.

Cryptocurrency

Thailand Green Lights Seven Crypto Operators

By Editors | 21/08/2018

Crypto businesses were in May given 90 days to register with the SEC if they wished to carry on their business.