Fintech / Regtech

ASIC Calls on BNPL Providers to Act Early to Secure Licence

21/01/2025

A law passed in December requires BNPL providers to have a licence by 10 June 2025, subject to transitional arrangements

Market Infrastructure

HKMA Offers Guidance on Implementing Operational Resilience Requirements

21/01/2025

The guidance focuses on mapping interdependencies and scenario testing, to help banks meet a May 2026 deadline for becoming operationally resilient

Fintech / Regtech

Hong Kong PCPD Issues Updated Guidance on Cloud Computing

18/01/2025

The PCPD was prompted to issue the updated guidance following a data breach incident at the Urban Renewal Authority.

Enforcement

SFC, HKEX Take Joint Action Against Listed Company, Former Directors

17/01/2025

The SFC and HKEX said the former directors of mobile gaming company FingerTango misused IPO proceeds after the company went public in 2018

Crypto / Digital Assets

SFC Extends ‘Swift Licensing Process’ to New VATP Applicants

17/01/2025

The SFC released a circular detailing the new licensing process as well as inspection findings identifying deficiencies in VATP systems and processes.

Fintech / Regtech

FTAHK Establishes Strategic Advisory Council for AI

17/01/2025

The FTAHK AI Strategic Advisory Council will explore and help promote responsible AI in Hong Kong’s financial sector.

Fintech / Regtech

Philippine Banks to Launch PHP Stablecoin Later This Year

16/01/2025

UnionBank, RCBC, Cantilan Bank and Rural Bank of Guinobatan are collaborating to launch a peso-backed stablecoin known as PHPX

Market Infrastructure

Pakistan Explores Secondary Listings on Hong Kong Exchange

16/01/2025

Pakistan will also issue yuan-denominated panda bonds in June with the aim of raising funds from Chinese investors

AML / KYC

Australia Launches Nationwide Scam Awareness Campaign

16/01/2025

The ‘Fighting Scams Campaign’ aims to increase awareness and action of “three simple, memorable steps” to safeguard against scams.