CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Chinese Police Arrest Hackers on Suspicion of $88mn Cryptocurrency Theft

By Editors | 22/08/2018

Chinese police have arrested three individuals who allegedly hacked computers belonging to individuals and companies to steal 600 million yuan in bitcoin and ether.

Crypto / Digital Assets

Thailand Green Lights Seven Crypto Operators

By Editors | 21/08/2018

Crypto businesses were in May given 90 days to register with the SEC if they wished to carry on their business.

Crypto / Digital Assets

Cryptocurrency Framework Needs Update – Japan FSA

By Manesh Samtani | 16/08/2018

On-site inspections revealed a lack of internal controls, inadequate governance and poor business models at exchanges.

Crypto / Digital Assets

Thailand Allows Banks to Engage in Crypto Activities Through Subsidiaries

By Manesh Samtani | 10/08/2018

Banks still prohibited from issuing, buying or selling digital tokens directly, but bank subsidiaries will be allowed to trade cryptocurrency and issue digital tokens with permission from supervisory body.

AML / KYC

S. Korea Announces Revised Tax Bill

By Editors | 06/08/2018

Bill expands crackdown on tax evasion, ends derivatives tax exemptions, disqualifies crypto exchanges as SMEs for tax reductions.

AML / KYC

Crypto a Key Focus of FATF Report to G20

By Manesh Samtani | 26/07/2018

FATF is actively monitoring crypto assets for AML/CTF risks and is reviewing its guidance and standards to determine if changes are needed to reflect their technical aspects.

Fintech / Regtech

Shariah Fintech – A Case Study of Indonesia

By Sharifah Nursyafiqah | 25/07/2018

Better support and regulation for Shariah-compliant fintech will serve to boost the Islamic finance industry, increasing the share of Islamic banks in Indonesia’s financial services sector and ultimately making it more competitive.

Crypto / Digital Assets

S. Korea FSC Reorganises to Meet ‘Fourth Industrial Revolution’

By Editors | 24/07/2018

New body charged with industry-wide consumer protection issues; Financial Innovation Bureau formed to respond to new challenges including cryptocurrency.

Crypto / Digital Assets

Japan FSA Reorganises to Meet Fintech Challenge

By Editors | 19/07/2018

Newly created Strategy Development and Management Bureau responsible for financial policy, fintech, cryptocurrencies, money laundering, as well as administraitive duties and inspections at financial institutions.