FINTECH / REGTECH

Fintech / Regtech

S. Korea Elects Pro-Crypto President, Yoon Suk-yeol

By Mark Johnston | 16/03/2022

President-elect Yoon Suk-yeol has promised to overhaul Korea’s regulatory framework for cryptocurrency, and to relax crypto taxation policies.

Fintech / Regtech

Dubai Establishes New Law, Regulator for Crypto Assets

By Mark Johnston | 16/03/2022

The new law comes as crypto firms in the UAE receive streams of requests from sanctioned Russians to liquidate billions of dollars of crypto assets.

Fintech / Regtech

MAS Guidance on Stablecoins Set to Impact Crypto Firms

By Manesh Samtani | 15/03/2022

Stablecoins must be treated as DPTs rather than e-money. A new notice specifies a risk warning that must be provided to all customers of DPT services.

Fintech / Regtech

RBI Launches New Services to Drive Digital Payments Adoption

By Editors | 15/03/2022

UPI-based instant payments can be enabled on some 400 million feature phones in India that do not have an internet connection.

Fintech / Regtech

Hong Kong IA Relaxes Rules on Online Sale of Insurance

By Editors | 15/03/2022

ILAS (investment-linked assurance schemes) can now also be distributed using non-FTF methods, with a fast track authorisation process.

Crypto / Digital Assets

Australia: Senator Calls on Govt to Accelerate Work on Crypto Regulation

By Darien Choong | 15/03/2022

Senator Andrew Bragg said the government should hire experts to permanently work on crypto regulation within a dedicated unit of Treasury.

Fintech / Regtech

BSP Revises Regulatory Framework for E-money Issuers

By Mark Johnston | 15/03/2022

E-money can refer to monetary value “electronically stored in an instrument or device” – including cash cards, prepaid cards, stored value cards or digital wallets.

Fintech / Regtech

Thailand to Offer Tax Exemptions on Crypto Trades

By Editors | 14/03/2022

Traders will be allowed to offset annual losses against crypto gains for taxes purposes. Crypto trades will also be exempt from a 7 percent VAT.

Fintech / Regtech

Japan Crypto Industry Set to Adopt Travel Rule

By Editors | 13/03/2022

The travel rule will increase transparency on the individuals and entities crypto exchanges deal with, as the government seeks to prevent sanctions evasion.