Fintech / Regtech

OJK Indonesia Bars FIs From Facilitating Crypto Trading

28/01/2022

OJK warns of market fluctuations and other risks, including the existence of crypto investment Ponzi schemes.

AML / KYC

Taiwan FSC Identifies Crypto ATMs Breaching AML Rules

28/01/2022

Of 16 companies that have reported their AML compliance to the FSC, 13 will be required to make corrections.

ESG / Sustainability

BSP Implementing “RING” Approach to Protect Financial System

27/01/2022

“RING” stands for Risk management guidelines, Integrity, New technologies, and Governance standards, said BSP governor Benjamin Diokno

Market Infrastructure

Malaysia, Indonesia Launch Cross-border QR Payments Linkage

27/01/2022

The linkage will eventually be expanded to support real-time cross-border fund transfers. The 2nd phase of Malaysia’s QR payment linkage with Thailand has also gone live.

AML / KYC

HK ICAC Charges Three Ex-StanChart Employees For Fraud

27/01/2022

The former relationship managers were among five individuals indicted for conspiring to deceive Japanese investors with false documents.

Fintech / Regtech

Bank of Korea to Advance CBDC Testing to Second Phase

26/01/2022

In phase two, BOK will test offline payments, remittances to accounts outside Korea, and the use of its CBDC as payment for NFTs.

Securities / Derivatives

Global Banks Seeking Clarity on China’s Overseas IPO Rules – Report

26/01/2022

An industry body has reportedly represented to the CSRC that global banks need more clarity on its new rules for domestic companies seeking overseas IPOs.

Securities / Derivatives

New Zealand FMA Approves First Passport Fund Under ARFP

26/01/2022

NZX-owned Smartshares Limited has become the first fund manager to be approved under the Asia Region Funds Passport scheme.

Fintech / Regtech

BIS Innovation Hub to Expand Work Programme in 2022

25/01/2022

The BIS Innovation Hub will launch new projects into CBDCs, payments systems, DeFi, green finance, regtech, suptech and cybersecurity.