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AML / KYC
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”.
Fintech / Regtech
MAS to Streamline Data Submissions, Reduce Burden for FIs
By Editors | 16/03/2018
Financial institutions will be allowed to decline MAS requests for previously-submitted data; new regulatory returns to be submitted in machine-readable formats.
Fintech / Regtech
Japan to Push G20 for Global AML Rules for Cryptcurrency
By Manesh Samtani | 14/03/2018
Japan to urge G20 leaders to close money laundering loopholes that exist due to weak regulation in some jurisdictions, without stifling innovation.
Fintech / Regtech
BIS, CPMI Report Outlines Dangers of Central Bank Digital Currencies
By Manesh Samtani | 14/03/2018
Central bank-issued digital currencies can enhance payments, settlement, efficiency; but financial stability implications warrant consideration.
Crypto / Digital Assets
Thailand to Legalise Cryptocurrency by Royal Decree
By Manesh Samtani | 14/03/2018
Cryptocurrencies will be classified as assets and regulated by SEC; capital gains from trading to be taxed at 10 percent.
Fintech / Regtech
CSRC Official Backs Public Sector Use of ‘Centralised’ Blockchain
By Manesh Samtani | 12/03/2018
CSRC head of technology Zheng Ye encourages the use of blockchain technology for public services, but says absolute decentralisation is untenable.
Fintech / Regtech
South Korea’s FSC Proposes Fintech Link with Indonesia
By Editors | 10/03/2018
Choi Jong-koo also lobbies to allow Korean firms to expand their business remits in the Southeast Asian country.
AML / KYC
Japan FSA Orders Business Improvement, Closures at Crypto Exchanges
By Manesh Samtani | 10/03/2018
Five exchanges including recently-hacked Coincheck ordered to improve internal controls; two exchanges ordered to halt services.
Crypto / Digital Assets
China Advisor Urges Creation of National Cryptocurrency Exchange
By Manesh Samtani | 07/03/2018
Top political advisor says national exchange and cryptocurrency approval system should be jointly overseen by central bank and securities regulator.
Fintech / Regtech
Profitability through Compliance Technology: Dreaming the Impossible Dream
By Peter Guy | 05/03/2018
Large technology investments to improve compliance performance have not yielded desired results almost ten years after the global financial crisis.
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