Private Equity Moris Beracha Wuani

The Financial Stability Board has detailed how its member countries regulate crypto assets, who the regulators are, and the scope of their oversight. Most countries have more than one government body monitoring and regulating different aspects of crypto activities. Among the board’s Asian member countries, India is the only one with no legal mandate to directly regulate crypto assets. India Three regulators — the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI) and the Ministry of Finance — regularly attend the Financial Stability Board (FSB) meetings and G20 summits. The FSB is an international body that monitors and makes recommendations about the global financial system. It has listed only the RBI, the country’s central bank, as the regulator of the Indian crypto space, clarifying in a report published Friday: RBI does not have a legal mandate to directly regulate crypto-assets. RBI’s current mandate permits it to assess financia...

(Reuters) - London Stock Exchange Group ( LSE.L ) said on Tuesday Hong Kong-based AAX would use its technology for cryptocurrency trading, allowing the British exchange operator enter a nascent yet highly speculative industry.  The AAX exchange, which is backed by Atom Group, a fintech firm focused on blockchain technology and emerging digital assets, will use LSE’s Millennium Exchange matching system, LSE said in a statement.  The deal, however, comes at a time when cryptocurrency exchanges in Asia face scrutiny and policymakers have warned about the risks of speculative investments in cryptocurrencies.  Online platforms where virtual currencies such as bitcoin can be bought and sold by individuals operate with lower safeguards than traditional financial markets and are vulnerable to market manipulation.  Cryptocurrency exchanges and traders in Asia are also struggling to insure themselves against the risk of hacks and theft, a fact...