Digital Assets

Cryptocurrency

The Philippines to Introduce Cryptocurrency Regulation This Year

By Garima Chitkara | 01/02/2018

New rules, expected by year end, aimed at investor protection as Philippines investigates unlicensed ICO issuers.

Anti-Money Laundering

Interpol to Increase Measures on Cryptocurrencies AML, CTF Risk

By Samuel Riding | 01/02/2018

Global police organisation says to increase information sharing, review AML/CTF rules pertaining to digital currencies, take action against cryptocurrency ‘tumblers’.

Anti-Money Laundering

S. Korea Probes Illegal Forex Transactions Using Cryptocurrency

By Manesh Samtani | 01/02/2018

Korea Customs Service alleges KRW637.5 bn of foreign exchange crimes, including the use of cryptocurrency to conduct forex transactions, foreign remittances, illegal smuggling.

CBDCs

Bank Indonesia to Trial ‘Digital Rupiah’ in 2018

By Manesh Samtani | 31/01/2018

The digital currency’s value will be based on the existing currency system, backed by “real assets” and will take into account the inflation rate.

Cryptocurrency

South Korea Pursues Global Cooperation on Crypto Regulation

By Manesh Samtani | 31/01/2018

Ministry of Strategy and Finance officials have been sent to Japan to discuss oversight and taxation issues, with plans to also visit US, UK, German authorities.

Cryptocurrency

UPDATED – Japan FSA Responds to $530mn Cryptocurrency Theft

By Manesh Samtani | 31/01/2018

FSA orders Coincheck to improve security, implement preventative measures; will additionally inspect security mechanisms at other cryptocurrency exchanges.

Cloud & Infrastructure

Banks’ Fintech Reluctance Leaves Market Share Up for Grabs

By Peter Guy | 31/01/2018

Despite technological improvement and innovation, FIs are still not embracing fintech, and start-ups are finding it harder than expected to gain traction.

DeFi & Web3

Decentralised Crypto Exchanges Could Render Regulatory Efforts Meaningless

By Bradley Maclean | 29/01/2018

Global regulators and institutions need to work together to develop globally harmonised standards, rather than the onerous regulatory frameworks proposed […]

KYC & CDD

Crypto Exchanges Back on Track in S.Korea with New Account Guidelines

By Manesh Samtani | 25/01/2018

Guidelines cover dealings with exchanges, preventing money-laundering, aiding taxation; exchanges to be fined for privacy issues; payments to overseas exchanges blocked.