Fintech / Regtech

Fintech / Regtech

Financial Firms Offered Incentives to Set Up Shop in Shenzhen

By Sanday Chongo Kabange | 19/04/2022

Newly registered financial enterprises that choose to be headquartered in Shenzhen will be offered a one-off incentive worth up to CNY 50 million.

AML / KYC

Hong Kong is Moving to a Robust Regulatory Framework for Crypto

By Etelka Bogardi | 19/04/2022

Etelka Bogardi and Amy Chung say Hong Kong’s efforts to regulate the crypto sector and stablecoin market are on the whole in line with international trends while leaving room for further development.

Fintech / Regtech

FSC Korea to Relax Network Separation, Cloud Computing Rules

By Sanday Chongo Kabange | 19/04/2022

The rule amendments seek to address excessive regulations that have hindered digital transformation efforts in the financial sector.

ESG / Sustainability

JPX Issues Framework for Digitally Tracked Green Bonds

By Manesh Samtani | 19/04/2022

JPX also announced a partnership with Hitachi, Nomura Securities and BOOSTRY to issue the first publicly-offered bonds under the new framework.

AML / KYC

US Treasury Sanctions Lazarus Entities Over ‘Ronin Bridge’ Hack

By Editors | 19/04/2022

OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.

Fintech / Regtech

China: Industry Bodies Warn of NFT-related Financial Risks

By Editors | 17/04/2022

China’s internet finance, banking and securities associations have outlined six measures to curb “NFT financialisation and securitisation” and prevent NFT-related illegal activity.

AML / KYC

GCFFC Task Force to Drive Sanctions Compliance in Crypto

By Editors | 17/04/2022

The founding members of the task force are Chainalysis, Elliptic, GDF and Safello, who will together work to support sanctions compliance in the crypto industry.

Fintech / Regtech

Vietnam Rushes to Finalise Regulatory Framework for Fintech Activities

By Mark Johnston | 17/04/2022

The SBV has warned of fraud incidents involving e-wallets and asks banks to monitor the use of data by fintechs until the new regulatory framework is in place.

Crypto / Digital Assets

Australia: Regulatory Hurdles Delay Rollout of CBA Crypto Services

By Mark Johnston | 15/04/2022

ASIC is using its design and distribution powers to ensure CBA customers are provided the right level of disclosures around crypto product risks.