FINTECH / REGTECH

AML / KYC

GCFFC Task Force to Drive Sanctions Compliance in Crypto

By Editors | 17/04/2022

The founding members of the task force are Chainalysis, Elliptic, GDF and Safello, who will together work to support sanctions compliance in the crypto industry.

Fintech / Regtech

Vietnam Rushes to Finalise Regulatory Framework for Fintech Activities

By Mark Johnston | 17/04/2022

The SBV has warned of fraud incidents involving e-wallets and asks banks to monitor the use of data by fintechs until the new regulatory framework is in place.

Crypto / Digital Assets

Australia: Regulatory Hurdles Delay Rollout of CBA Crypto Services

By Mark Johnston | 15/04/2022

ASIC is using its design and distribution powers to ensure CBA customers are provided the right level of disclosures around crypto product risks.

Fintech / Regtech

BOJ Offers Clues on Path Forward for CBDC Issuance

By Manesh Samtani | 15/04/2022

The BOJ has commenced phase two testing on a CBDC. Later this fiscal year, it plans to seek input from the public on how a CBDC might benefit businesses and the overall payments landscape.

Fintech / Regtech

FSC Korea Bolsters Consumer Safeguards in MyData Licensing System

By Editors | 14/04/2022

The FSC will prohibit MyData services providers from buying and selling consumer data, and start conducting post-licensing inspections to ensure adequate protections are in place.

Fintech / Regtech

Philippine SEC Welcomes New Measures to Combat Illegal Loan Apps

By Editors | 14/04/2022

Starting 11 May, the Google Play Store will introduce a new screening process for personal loan apps targeting users in the Philippines.

Fintech / Regtech

PwC Publishes 2022 Rankings of Global Retail, Wholesale CBDCs

By Sanday Chongo Kabange | 14/04/2022

The highest ranking retail CBDC projects were from Nigeria, the Bahamas, and China. The highest ranking wholesale CBDC projects were from Thailand, Hong Kong and Singapore.

Enforcement

Taiwan FSC Fines Cathay United Bank Over ATM Disruptions

By Darien Choong | 14/04/2022

The bank was fined, temporarily barred from setting up new ATMs, and required to increase its operational risk capital by 30 June.

Crypto / Digital Assets

Nasdaq Publishes Guide on Global Crypto Regulation

By Editors | 14/04/2022

Nasdaq has published a summary of laws and regulations governing the trading of crypto assets around the world.