Securities / Derivatives

Thailand Throws Open Door to Global Markets for Domestic Investors

02/02/2018

Individuals with assets between THB50-100mn can invest overseas up to THB1mn per year; securities and derivatives intermediaries set to participate.

AML / KYC

S. Korea Probes Illegal Forex Transactions Using Cryptocurrency

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.

Fintech / Regtech

Bank Indonesia to Trial ‘Digital Rupiah’ in 2018

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.

Fintech / Regtech

South Korea Pursues Global Cooperation on Crypto Regulation

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.

Crypto / Digital Assets

UPDATED – Japan FSA Responds to $530mn Cryptocurrency Theft

31/01/2018

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

AML / KYC

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

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.

Crypto / Digital Assets

ASIC Seeks Stronger Powers to Combat Cybercrime

23/01/2018

Parliamentary submission suggests reforms allowing ASIC to assume identities on the dark web, share phone data with foreign regulators, seize electronic devices.

Crypto / Digital Assets

UPDATED – India Taxes Cryptocurrency Capital Gains, Banks Shut Out Exchanges 

23/01/2018

Nationwide survey reveals USD 3.5 billion in cryptocurrency transactions over 17-months; banks suspend services to exchanges to deter ‘suspicious transactions’.

Crypto / Digital Assets

Banks, Payments Providers Ordered to Halt Services for Crypto Traders

23/01/2018

China’s central bank has ordered banks and payment providers to boost investigation and monitoring to detect and shut down accounts linked to cryptocurrency trading.