FINTECH / REGTECH

Enforcement

S. Korea: Founder of Singapore Fintech Jailed for Fraud

By Editors | 11/10/2021

A South Korean court has sentenced the founder of a fintech investment firm Marvelstone Group to ten years of jail time on fraud charges.

Fintech / Regtech

ACCC Accredits Westpac as Data Recipient Under CDR

By Editors | 11/10/2021

ADRs are allowed to receive information from other data holders and offer products and services under the consumer data right regime.

Fintech / Regtech

S. Korea to Tighten Rules for Bigtechs in Financial Services

By Sanday Chongo Kabange | 11/10/2021

FSS governor Jeong Eun-bo said regulators will seek to enable fair competition between digital platform providers and financial companies.

Fintech / Regtech

Malaysia SC Orders Decentralised Exchanges to Halt Operations

By Mark Johnston | 10/10/2021

Entities interested in operating a decentralised exchange in Malaysia should apply to be registered as an RMO, the SC said.

Fintech / Regtech

Etrading Software Opens Registration for Digital Token Identifiers

By Mark Johnston | 08/10/2021

The new DTI Registry went live in July. Identifiers have already been issued for the top 100 cryptocurrencies by market cap.

Fintech / Regtech

BIS Partners with MAS, BOE, ISDA on Data & Analytics Platform

By Manesh Samtani | 07/10/2021

Project Ellipse explores the use of ISDA’s Common Domain Model to digitally extract, query and analyse large quantities of data in real-time for supervisory purposes.

Fintech / Regtech

PFMI Applies to Global Stablecoins, CPMI & IOSCO Confirm

By Editors | 07/10/2021

The transfer function of a stablecoin arrangement is “comparable” to the transfer function performed by other types of financial market infrastructures.

AML / KYC

First Taiwan Crypto Exchange Reports on AML Compliance

By Mark Johnston | 07/10/2021

Eight crypto exchanges were asked to submit AML compliance statements to the regulator by the end of November.

Fintech / Regtech

Australia Finalises CDR Rule Changes to Increase Participation

By Sanday Chongo Kabange | 06/10/2021

The amendments allow accredited data recipients to sponsor other parties to become accredited or allow them to operate as representatives.