Fintech / Regtech

    Crypto / Digital Assets

    S. Korean Legislators Seek to Delay Cryptocurrency Taxation

    By Sanday Chongo Kabange | 14/10/2021

    Lawmakers are proposing to delay plans to tax cryptocurrency gains by one year to 2023, and to impose a more generous tax framework.

    Fintech / Regtech

    BSP Migrates to API-Based Regulatory Reporting

    By Sanday Chongo Kabange | 14/10/2021

    Banks have six months to enable capabilities to generate XML reports and ensure appropriate personnel is in place.

    Fintech / Regtech

    G7 Ministers to Endorse Guiding Principles for CBDC – Report

    By Editors | 13/10/2021

    The principles call for appropriate regulation and oversight, rigorous privacy and data protection standards, and safeguards to prevent fraud and sanctions evasion.

    Fintech / Regtech

    RBI Announces Fraud Theme for Fourth Sandbox Cohort

    By Mark Johnston | 12/10/2021

    The RBI said ‘prevention and mitigation of financial frauds’ will be the theme for the fourth regulatory sandbox cohort.

    Fintech / Regtech

    Laos Central Bank to Explore CBDC Issuance

    By Sanday Chongo Kabange | 11/10/2021

    To help explore the feasibility of a CBDC, the Bank of the Lao PDR has enlisted Japanese fintech Soramitsu, which also help developed Bakong in Cambodia.

    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.

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