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Securities / Derivatives
SZSE Reports ‘No Major Risks’ in 2017
By Editors | 24/01/2018
Exchange says risk assessments found more than 100 issues of concern but no major threats; to use big data, text mining to improve risk management.
Crypto / Digital Assets
ASIC Seeks Stronger Powers to Combat Cybercrime
By Manesh Samtani | 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
By Manesh Samtani | 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
By Manesh Samtani | 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.
Fintech / Regtech
SEC Refusal to Support Crypto-based ETFs Will Influence Asian Regulators
By Bradley Maclean | 22/01/2018
US regulator cited concerns around valuation and liquidity, among other issues; but comments made in rejection letter open path to eventual approval.
AML / KYC
Chinese Banks Told to Develop e-KYC, Facial Recognition
By Samuel Riding | 22/01/2018
PBOC notice says e-KYC can help better serve real economy; SME account applications should be audited within two days of receipt.
Crypto / Digital Assets
MAS in Talks with Blockchain Firm Ripple on Cross Border Payments
By Manesh Samtani | 15/01/2018
Ripple chief says technology can speed up cross-border transactions from days to second, save banks trillions in collateral held against settlement risks.
AML / KYC
HKMA Proposes Open APIs for Financial Services
By Editors | 15/01/2018
Consultation suggests it could take just six months for banks to develop APIs including their product and service information.
Capital / Liquidity
Australia Licences Seven Crowd-Funding Intermediaries
By Editors | 14/01/2018
Eligible public companies can raise up to AUD 5 million in funds through equity crowdfunding and will face fewer regulatory requirements for fundraising.
Fintech / Regtech
Korea, China, Japan Join Hands on Cryptocurrency Regulation
By Manesh Samtani | 10/01/2018
Korea carries out bank inspections, China power cut on Bitcoin miners, Japan scrutinises banks’ cryptocurrency activities.
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