Digital Assets

Tokenisation

Japan Brokers Form New Body to Develop Rules for STOs

By Editors | 07/10/2019

The new association was formed by securities firms SBI, Nomura, Daiwa, Kabu.com, Monex and Rakuten and will seek FSA approval for status as a self-regulatory organisation.

Cryptocurrency

SFC Details Rules for Virtual Asset Fund Managers

By Manesh Samtani | 07/10/2019

The SFC has published new requirements for virtual asset fund managers, relating to capital, best execution, liquidity and custody, among other areas.

Structural Regulation

Hong Kong to Regulate Fund Trustees, Custodians

By Editors | 30/09/2019

Fund trustees and custodians in Hong Kong are not subject to any licensing regime or ongoing supervision. The SFC proposes to regulate them under a new type of regulated activity, RA 13.

Custody & Infrastructure

Automating Regulatory Compliance in DLT-based Markets: BIS Paper

By Manesh Samtani | 23/09/2019

The paper makes the case for a “embedded supervision”, a regulatory framework that automates compliance monitoring using the information in a distributed ledger.

Cryptocurrency

Japanese Crypto Exchange Operator to Close Shop

By Editors | 24/08/2019

Tech Bureau Corp – the ex-operator of hacked exchange Zaif – will become the first FSA-registered crypto exchange operator to shut down its operations.

Anti-Money Laundering

Singapore Crypto Sector Consults on AML/CFT Code of Practice

By Editors | 15/08/2019

The code was facilitated by MAS and developed in consultation with ABS by ACCESS, the Association of Cryptocurrency Enterprises and Start-ups, Singapore.

Tokenisation

Koscom to Develop New Platform for Trading Unlisted Securities

By Editors | 13/08/2019

The project, approved under the FSC’s sandbox programme, will also involve KEB Hana Bank, Hana Financial Investment and Amicus Lex, among others.

CBDCs

China Almost Ready to Release Central Bank Digital Currency

By Editors | 13/08/2019

PBOC deputy director for payments Mu Chungchun said the new digital currency and electronic payment system that would not rely entirely on blockchain.

Fraud, Scams & Cybercrime

UN Report: North Korea Still Accessing International Financial System

By Editors | 09/08/2019

The report says North Korea has amassed $2bn from cyberattacks on banks and crypto exchanges, and that it has about 30 overseas representatives helping it evade sanctions.