FINTECH / REGTECH

Crypto / Digital Assets

ASIC Warns Against Unlicensed Crypto Derivatives Trading

By Sanday Chongo Kabange | 19/08/2021

ASIC has received reports that investors who used unlicensed crypto-trading platforms have suffered losses due to excessive leverage, platform outages, or unfair liquidations.

AML / KYC

Darkweb Blockchain Analytics Tool Gets Shut Down

By Ranamita Chakraborty | 19/08/2021

A service that was being used by criminals to check whether their own bitcoin wallets were linked to criminal activity has been shut down.

Fintech / Regtech

Depositories to Develop Platform for Monitoring Security Creation: SEBI

By Editors | 18/08/2021

SEBI is asking issuers, debenture trustees, and credit rating agencies to carry out necessary changes to ensure readiness to use the new DLT-based platform.

Fintech / Regtech

Thailand, Indonesia Pilot Cross-border QR Payment Link

By Manesh Samtani | 17/08/2021

The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.

Fintech / Regtech

FSC Korea to Establish Virtual Asset Division Within KoFIU

By Sanday Chongo Kabange | 17/08/2021

The new division will oversee the adoption and implementation of the FATF recommendations on digital assets and VASPs.

Big Picture

OECD Offers Policy Advice for Regulating AI in Financial Services

By Manesh Samtani | 17/08/2021

Among the recommendations are the introduction of suitability requirements for AI-driven financial services, and add-on capital buffers based on AI algorithms.

Crypto / Digital Assets

Poly Network Hackers Return Almost All of Stolen Funds

By Sanday Chongo Kabange | 13/08/2021

Hackers have returned nearly all of the USD 613 million worth of digital tokens stolen on Tuesday, says Poly Network.

Fintech / Regtech

Cambodia, Maybank Launch Cross-border Remittances Using ‘Bakong’

By Pongnut Thanaboonchai | 12/08/2021

Maybank customers in Malaysia can use the bank’s e-wallet to transfer funds to recipients in Cambodia with Bakong e-wallets.

Fintech / Regtech

DBS Vickers Receives ‘In-principle Approval’ to Provide DPT Services

By Editors | 12/08/2021

DBS Vickers is working through the necessary follow-ups with a view to meeting MAS’ requirements for a digital payment token services licence.