03/09/2018
Japanese Watchdog Bares Its Teeth
The financial regulator increased monitoring of virtual currency exchanges following the massive hack on Coincheck which resulted in the theft of $532 million worth of digital tokens.
Legal,Regulation,Tax & Compliance
03/08/2018
Can Regulations Temper the ICO Craze?
Regardless of the gravity of restrictions, these regulatory efforts, especially those made by major economies, appear to impact both the local and international crypto markets.
03/08/2018
EU aims to boost fintech with crowdfunding "passports"
The draft law is among the measures published by the commission on Thursday to encourage growth and job creation in fintech to wean the region's economy off its heavy reliance on bank funding.
03/06/2018
SME Development Bank Malaysia Berhad Chooses Wolters Kluwer
OneSumX IFRS 9 is a comprehensive and modular solution which provides the financial industry with a solid framework to capture and store all relevant contractual information
03/05/2018
Mexican Cryptocurrency Regulations Approved by Congress
The bill “seeks to promote financial stability and prevent money laundering,” the news outlet described.
03/05/2018
Could blockchain be the new dawn for anti-money laundering?
A blockchain is operated by parties referred to as ‘miners’ and other times ‘nodes’ or ‘validators’.
03/05/2018
Hong Kong gives fintech measures the thumbs up
This is a means by which employers can offset long service and severance payments to employees by deducting the amounts from contributions made to the latter’s pension accounts. Details on how the money will be used have not been finalised.
03/02/2018
Mexico financial technology law passes final hurdle in Congress
Regulators will soon begin crafting so-called secondary laws, which will determine key details for companies in the sector.
03/01/2018
Cryptocurrency Firms Targeted in SEC Probe
Regulator issues subpoenas to parties engaged in booming market for initial coin offerings
02/26/2018
The importance of upholding a uniform Fiduciary Standard of Care
A procedural prudence standard and a suitability standard are similar in that they both require the fiduciary to demonstrate they are acting in best interests of another.
02/26/2018
Leveraging outsourcing to meet rising AUM - SS&C
SS&C has been providing global, middle- and back-office and performance measurement outsourcing services for more than 20 years.
02/26/2018
Bitcoin bitterness starts to make messy divorces even worse
Although parties have a duty to provide full disclosure of their assets in a divorce, the anonymous nature of cryptocurrencies potentially make them a safe haven for spouses wishing to hide their money from a warring partner.
02/22/2018
Digital currencies inquiry launched
It will examine the potential impact of distributed ledger technology – such as blockchain – on financial institutions, including the central bank, and financial infrastructure.
02/21/2018
FCA calls for help embracing regtech
The Financial Conduct Authority has today announced that it is seeking views on how technology can make it easier for firms to meet their regulatory reporting requirements and improve the quality of the information they provide.
02/21/2018
FCA receives more than 1,500 MiFID II queries in six months
FOI from Professional Adviser
02/20/2018
Crypto Divorce – what to do if you think your spouse is hiding Bitcoin and other cryptocurrencies from you
Whilst cryptocurrencies and the blockchains they use are not an entirely anonymous system, they are unregulated and the identity of the user is hard to trace.
02/20/2018
SEC suspends trading in three companies claiming crypto connection
Under the federal securities laws, the SEC can suspend trading in a stock for 10 days and generally prohibit a broker-dealer from soliciting investors to buy or sell the stock again until certain reporting requirements are met.
02/20/2018
Finma publishes ICO guidelines
Creating transparency at this time is important given the dynamic market and the high level of demand. Each case must be decided on its individual merits
02/20/2018
Jersey registers data protection legislation
The States of Jersey says this will benefit trade and help law enforcement agencies cooperate with their counterparts in other jurisdictions.
02/20/2018
FCA and US CFTC ink FinTech innovation deal
The Financial Conduct Authority and the US Commodity Futures Trading Commission (CFTC) have today signed an arrangement that commits the regulators to collaborating and supporting innovative firms through each other’s financial technology initiative