Fintech / Regtech

PBOC Outlines Progress from Digital Yuan Pilot Tests

07/10/2020

Over 113,300 personal and 8,000 corporate digital wallets have been opened as part of the ongoing DC/EP tests, according to PBOC deputy governor Fan Yifei.

Fintech / Regtech

ECB Starts Preparing for Possible Digital Euro Issuance

06/10/2020

A decision has not been made to introduce a digital euro, but the ECB will commence experimentation to ensure it is prepared if it needs to do so.

Crypto / Digital Assets

Malaysian MSMEs Cross MYR 1bn Crowdfunding Mark

06/10/2020

The SC highlighted a “considerable increase” in investor participation in markets via digital investment managers, ECF and P2P platforms, digital asset exchanges and online brokers.

Fintech / Regtech

ACCC Expands Intermediary Access to CDR Ecosystem

04/10/2020

These amended rules will facilitate greater participation in the CDR by fintech firms and reduce the time and cost needed for accredited firms to enter the ecosystem.

AML / KYC

Ransomware Payments May Breach OFAC Regulations

03/10/2020

OFAC makes clear in a new advisory that it may impose civil penalties if ransomware payments are made to sanctioned individuals or entities.

NZBA Issues Guidelines for Banks on Serving Customer Needs

02/10/2020

The guidelines were developed in consultation with the FMA and build on the banking industry’s work following the 2018 conduct and culture review.

AML / KYC

BSP Set to Issue Revised Rules on Virtual Assets

30/09/2020

The revisions are aimed at addressing identified gaps and aligning the framework with FATF guidance for regulating VASPs.

Securities / Derivatives

KRX Offers English Translation Service for Company Filings

29/09/2020

KRX says its investor base will expand by allowing foreigners improved accessibility to English language disclosures of listed companies.

Enforcement

Two Ex-Deutsche Traders Convicted in Spoofing Case

29/09/2020

The two former traders were found guilty of fraud charges for their respective roles in manipulating gold and silver futures prices.