FINTECH / REGTECH

    Fintech / Regtech

    Opposition to CBDC Based on Misconceptions, RBNZ Says

    By Manesh Samtani | 11/05/2022

    Respondents to the RBNZ’s consultation have expressed concerns that cash and privacy would be at risk of disappearing if a CBDC is issued.

    AML / KYC

    MONEYVAL Calls for Clampdown on Crypto-enabled Money Laundering

    By Mark Johnston | 11/05/2022

    Some smaller cryptocurrencies are being established specifically with the motive of laundering, while larger virtual assets are seeing “heavy” manipulation.

    Securities / Derivatives

    ADDX, Fullerton Partner to Tokenise Private Equity Fund

    By Editors | 11/05/2022

    Temasek subsidiary Fullerton Fund Management is issuing tokenised units of a new private equity fund of funds on the ADDX platform.

    Fintech / Regtech

    ASIC to Issue Derivatives Reporting Consultation Soon

    By Manesh Samtani | 11/05/2022

    ASIC’s Alex Orgaz-Barnier says APAC regulators are targeting a common implementation date and alignment to the greatest extent possible.

    Fintech / Regtech

    Korea to Lift Ban on ICOs, Enhance Investor Protections

    By Sanday Chongo Kabange | 11/05/2022

    The new government will establish a regulatory framework for ICOs and introduce rules to guard investors against hacks, system errors and unauthorised transactions.

    AML / KYC

    US SEC, DOJ File Fraud Charges Over $62mn Crypto Fraud

    By Editors | 10/05/2022

    MCC International Corp and its founders were charged for selling fraudulent investment plans that promised daily returns from crypto mining and robotic trading.

    Fintech / Regtech

    Thai SEC Prepares to Implement New Rules on Crypto-related Advertising

    By Sanday Chongo Kabange | 10/05/2022

    The SEC will extend the transitional period to allow crypto firms more time to ensure their advertising content aligns with the new rules.

    Fintech / Regtech

    90pc of Central Banks Are Exploring a CBDC, BIS Finds

    By Editors | 10/05/2022

    More than a third of central banks will soon have legal authority to issue a CBDC. More than two thirds are likely to launch a retail CBDC in the short or medium term.

    Fintech / Regtech

    MAS Grants Fifth DPT Licence Under PSA to Coinhako

    By Editors | 10/05/2022

    Coinhako is the fifth firm to receive a full DPT licence under the PSA, after TripleA, FOMO Pay, DBS Vickers and Independent Reserve.

    Fintech / Regtech

    Shanghai Court Says Bitcoin is Protected by Law as ‘Virtual Property’

    By Darien Choong | 10/05/2022

    Shanghai’s High Court said property rights protections apply to Bitcoin because it has a certain economic value and has the attributes of property.

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