CRYPTO / DIGITAL ASSETS

Fintech / Regtech

G20 Finance Leaders Agree to Regulate Stablecoins

By Editors | 21/10/2019

Amid warnings from the FSB and FATF, the G20 finance leaders have agreed that no stablecoin project should commence operation until their risks are evaluated and appropriately addressed.

Enforcement

Korean Court Orders CoinOne to Compensate Hacked Client

By Editors | 07/10/2019

South Korean crypto exchange CoinOne has been ordered to repay a client after a hacker who stole his login information was able to withdraw 25mn won over the withdrawal limit.

Crypto / Digital Assets

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.

Big Picture

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.

AML / KYC

UPDATED – ASIC, Federal Police Dismantle Online Fraud Syndicate

By Editors | 18/09/2019

The syndicate is said to have used fraudulently-obtained identities to steal millions of dollars from the superannuation and share trading accounts of innocent victims.

Crypto / Digital Assets

HKEX Seeks ‘Unprecedented’ Market Connectivity Via LSEG Merger

By Manesh Samtani | 11/09/2019

HKEX chief Charles Li says the merger would create the most important investment platform and risk management infrastructure for the free flow of global capital between the East and West.

Crypto / Digital Assets

FSC Korea Gets New Chairman, Eun Sung-soo

By Editors | 11/09/2019

In his inauguration speech, the new FSC chairman Eun Sung-soo vowed to act quickly if financial market volatility increases.

Crypto / Digital Assets

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.

AML / KYC

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.