All posts tagged "cryptocurrency"
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1.7KAML / KYCSFC Unveils Regulatory Framework for Crypto Exchanges
Under the new framework, announced at Hong Kong Fintech Week, platform operators that offer trading in virtual assets classified as securities may seek Type 1 and Type 7 licences from the SFC.
November 7, 2019 -
444AML / KYCFATF Begins Assessment of Japan’s AML Regime
For the first time, cryptocurrency exchanges will also subject to the review, the first assessment of Japan’s AML system in 11 years.
October 30, 2019 -
402FeatureFSC Korea Gets New Chairman, Eun Sung-soo
In his inauguration speech, the new FSC chairman Eun Sung-soo vowed to act quickly if financial market volatility increases.
September 11, 2019 -
513Fintech / Regtech
Japanese Crypto Exchange Operator to Close Shop
Tech Bureau Corp – the ex-operator of hacked exchange Zaif – will become the first FSA-registered crypto exchange operator to shut down its operations.
August 24, 2019 -
591AML / KYCSingapore Crypto Sector Consults on AML/CFT Code of Practice
The code was facilitated by MAS and developed in consultation with ABS by ACCESS, the Association of Cryptocurrency Enterprises and Start-ups, Singapore.
August 16, 2019 -
409ChinaChina Almost Ready to Release Central Bank Digital Currency
PBOC deputy director for payments Mu Chungchun said the new digital currency and electronic payment system that would not rely entirely on blockchain.
August 13, 2019 -
597AML / KYCUN Report: North Korea Still Accessing International Financial System
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.
August 9, 2019 -
431AML / KYCKorea’s FIU Seeks Direct Supervision Over Crypto Exchanges
Currently, the Financial Intelligence Unit only indirectly regulates cryptocurrency exchanges in Korea through the administrative guidance it issues for banks.
August 9, 2019 -
651Fintech / RegtechLeaked Draft Shows India’s Zero-Tolerance for Cryptocurrency
The leaked draft bill being circulated, though unauthenticated, specifies up to 10 years' jail for buying, selling or storing cryptocurrency in India.
July 17, 2019 -
775Fintech / RegtechUPDATED – Bitpoint Japan Loses $28m in Crypto in Hot Wallet Hack
The majority of the stolen funds belonged to clients and were held in hot wallets. Crypto exchanges in Japan are required to hold client assets offline in segregated cold wallets.
July 16, 2019
