FINTECH / REGTECH

    AML / KYC

    FSC Korea Starts Enforcing Travel Rule in Crypto Industry

    By Editors | 24/03/2022

    Starting today, VASPs can be subject to cautions, warnings or corrective orders if violations of travel rule requirements are found.

    Crypto / Digital Assets

    FSB Calls for Academic Papers Covering Crypto, DeFi Risks

    By Editors | 24/03/2022

    The FSB is inviting authours to submit papers analysing the structures and evolving linkages between crypto-asset markets for an upcoming plenary session.

    Fintech / Regtech

    Malaysian Minister Rules Out Possibility of Bitcoin as Legal Tender

    By Editors | 24/03/2022

    Malaysia’s deputy finance minister said cryptocurrencies are not suitable for use in payments. Earlier this week another minister called for the government to adopt crypto as legal tender.

    Fintech / Regtech

    ANZ Launches First Bank-issued AUD Stablecoin

    By Manesh Samtani | 24/03/2022

    The stablecoin is expected to help investors avoid the costs and exchange rate risk associated with converting AUD into USD to trade in crypto markets.

    Fintech / Regtech

    FCA, BOE Offer New Guidance on Addressing Crypto Risk

    By Editors | 24/03/2022

    Cryptoassets should be classified as an intangible asset for accounting purposes, meaning that in most cases direct holdings should be fully deducted from CET1.

    Fintech / Regtech

    Singapore Working Group to Develop BNPL Framework

    By Editors | 24/03/2022

    The Singapore FinTech Association has formed a working group under MAS guidance to develop a BNPL framework for launch later this year.

    Fintech / Regtech

    Thailand Bans Use of Crypto as Means of Payments

    By Editors | 24/03/2022

    From 1 April, digital asset business operators are prohibited from enabling merchants to accept digital assets as a means of payment for goods or services.

    Fintech / Regtech

    Malaysia SC Registers Two IEO Platform Operators

    By Editors | 24/03/2022

    The Initial Exchange Offering platform operators are given nine months to comply with regulatory requirements before they can commence operations.

    Crypto / Digital Assets

    CBIRC Warns of Crypto and Metaverse Frauds at College Campuses

    By Darien Choong | 23/03/2022

    The CBIRC’s Beijing bureau warns that concepts such as the metaverse and blockchain are being used to defraud local college students.

    Fintech / Regtech

    BIS, Central Banks Complete Development of Multi-CBDC Prototypes

    By Sanday Chongo Kabange | 23/03/2022

    The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.

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