Fintech / Regtech

Crypto / Digital Assets

Myanmar to Ban Crypto Under New Cybersecurity Law

By Sanday Chongo Kabange | 28/01/2022

Under the proposed law, using cryptocurrency may lead to imprisonment of 6-12 months in prison or fines up to USD 2800.

Fintech / Regtech

OJK Indonesia Bars FIs From Facilitating Crypto Trading

By Editors | 28/01/2022

OJK warns of market fluctuations and other risks, including the existence of crypto investment Ponzi schemes.

AML / KYC

Taiwan FSC Identifies Crypto ATMs Breaching AML Rules

By Editors | 28/01/2022

Of 16 companies that have reported their AML compliance to the FSC, 13 will be required to make corrections.

Fintech / Regtech

Virtual Banking and Consent-based Data Governance

By Manesh Samtani | 27/01/2022

New BIS paper says consent-based data governance systems with low transaction costs are key to promoting the development of virtual banking worldwide.

AML / KYC

Will 2022 Be the Year of NFT Regulation?

By Javier Tamashiro | 27/01/2022

The jury is still out on how the NFT arena will be regulated, but marketplaces should still be applying a baseline standard of compliance practice, says Javier Tamashiro.

Fintech / Regtech

China Launches Data Platform for Wealth Management Sector

By Sanday Chongo Kabange | 27/01/2022

The platform is expected to help wealth management companies expand and enhance their product sales channels – especially the WMC units of smaller-scale banks.

Fintech / Regtech

Open Data: Thailand Launches Digital Bank Statement Service

By Ranamita Chakraborty | 26/01/2022

The ‘dStatement’ service enables consumers to send their bank statement data directly from one bank to another via their mobile banking apps.

Fintech / Regtech

Bank of Korea to Advance CBDC Testing to Second Phase

By Editors | 26/01/2022

In phase two, BOK will test offline payments, remittances to accounts outside Korea, and the use of its CBDC as payment for NFTs.

Big Picture

BIS Paper Offers Guidance on Regulating Tech Firms

By Sanday Chongo Kabange | 26/01/2022

The paper offers guidance for prudential authorities in deciding whether to allow tech firms to enter into banking, and what requirements to impose on them.