FINTECH / REGTECH

Fintech / Regtech

MAS Sees “A Lot of Promise” in Crypto Space: Ravi Menon

By Manesh Samtani | 03/11/2021

MAS is seeking to develop crypto technology and better understand smart contracts as it prepares for Singapore to become a “tokenised economy” by 2030.

Fintech / Regtech

US Regulators Call for Powers to Regulate Stablecoins

By Sanday Chongo Kabange | 02/11/2021

US regulators are calling for the enactment of legislation to ensure that stablecoin issuers are insured and subject to appropriate supervision and regulation.

Fintech / Regtech

OJK Indonesia Directs Banks to Prioritise Digital Transformation

By Editors | 02/11/2021

OJK says banks need to prioritise digital transformation to improve their competitiveness and ensure the overall resilience of the banking sector.

Fintech / Regtech

China: Regulatory Crackdown on Internet Platforms Not Yet Complete

By Darien Choong | 02/11/2021

About half China’s major Internet platforms have implemented plans to restructure their financial businesses. More progress is expected by year-end.

Fintech / Regtech

HKIMR Offers Suggestions to Narrow AI/BD Talent Gap

By Editors | 31/10/2021

An estimated 2,000 professionals with both finance and AI/big data skills are needed to meet the talent gap in Hong Kong’s financial industry.

Fintech / Regtech

FSC Korea Pledges to Support Digital Transformation of Banks

By Sanday Chongo Kabange | 31/10/2021

FSC chairman Koh Seungbeom said the entry of tech giants into financial services has added fuel to market competition.

Fintech / Regtech

Digital Capability Key to Boosting Malaysia Capital Market, says SC

By Ranamita Chakraborty | 30/10/2021

SC chairman Datuk Syed Zaid Albar highlights the importance of technology and fintech in shaping the capital market ecosystem.

Crypto / Digital Assets

Tokyo Court Confirms $9bn Plan to Repay Mt Gox Creditors

By Editors | 30/10/2021

The rehabilitation plan will lead to the distribution of more than $9bn to investors who lost bitcoins when Mt Gox closed more than seven years ago.

AML / KYC

FATF Issues Final Updated Guidance on Virtual Assets, VASPs

By Manesh Samtani | 29/10/2021

The guidance offers clarification on the definition of VASPs, and explains how the FATF standards apply to stablecoins, P2P transactions, NFTs and DeFi.