Digital Assets

Anti-Money Laundering

New Rules for Australian Crypto Exchanges Take Effect

By Manesh Samtani | 05/04/2018

Exchanges must register with AUSTRAC, adopt AML/CTF programme, verify customer identities, report suspicious transactions, maintain seven years of records.

Cryptocurrency

Report Suggests China May Support Global Crypto Regulation

By Manesh Samtani | 03/04/2018

PBOC’s Institute of International Finance says China would actively participate in a G20-led effort to establish a global regulatory framework.

Cryptocurrency

Thailand Finalises Cryptocurrency Tax Framework

By Manesh Samtani | 30/03/2018

Cryptocurrency trades to be subject to 7 percent value added tax and 15 percent capital gains tax; fintech association chair says move may drive startups overseas.

Clearing & Post-Trade

BOJ-ECB Study Identifies DLT Applications for Securities Settlement

By Manesh Samtani | 29/03/2018

Project Stella phase two study suggests distributed ledger technology offers novel approach for cash settlement of securities, but requires further study.

Anti-Money Laundering

S.Korea to Inspect Banks’ Crypto Dealings for AML Compliance

By Manesh Samtani | 26/03/2018

FSS and KoFIU will check on implementation progress of AML guidelines; examine corporate accounts belonging to crypto exchanges.

Payments & Settlements

Thailand Banks on Blockchain

By Manesh Samtani | 22/03/2018

Central bank plans adoption of blockchain for interbank settlements, bond issuance; leading banks launch joint initiative on blockchain based letters of credit.

Cloud & Infrastructure

S.Korea Moves to Support Fintech Through Sandbox Approach

By Manesh Samtani | 22/03/2018

FSC to exempt approved fintechs from regulations, encourage the use of such new technologies including blockchain.

Anti-Money Laundering

South Korean Crypto Exchanges Raided in Embezzlement Probe

By Manesh Samtani | 20/03/2018

Staff and executives at three exchanges allegedly siphoned customer deposits to buy cryptocurrency on other platforms.

Cryptocurrency

Money 20/20: MAS Speaks Out on Crypto Risks, Blockchain

By Manesh Samtani | 17/03/2018

In a speech at Money 20/20 Asia, MAS managing director Ravi Menon spoke about the promise of blockchain technology and containing cryptocurrency risks; AML/CTF risks present a “clear and present danger”.