Fintech / Regtech

Fintech / Regtech

Korea: Deadline for Crypto Exchanges to Register Arrives

By Sanday Chongo Kabange | 23/09/2021

Five crypto exchanges and one wallet provider have so far submitted their registration documents. Only Upbit has been formally approved by the FSC.

Fintech / Regtech

Ant Group’s Huabei Starts Reporting Credit Data to PBOC Database

By Editors | 23/09/2021

The data-sharing arrangement is part of the rectification measures ordered by financial regulators to break Ant Group’s “information monopoly” over data collection.

Fintech / Regtech

ACCC Approves NAB as Accredited Data Recipient Under CDR

By Editors | 21/09/2021

NAB is Australia’s second big four bank to become an accredited data recipient under the CDR regime, which underpins open banking.

Crypto / Digital Assets

Philippine SEC Warns Against Dealing with Unlicensed Entities

By Editors | 21/09/2021

The SEC has warned against dealing with unlicensed forex brokers, crypto exchanges, and DeFi platforms among others.

Crypto / Digital Assets

Korea: Nearly 70 Crypto Exchanges Set to Suspend Services

By Sanday Chongo Kabange | 21/09/2021

Nearly 40 exchanges are set to suspend all services, while 28 have ISMS certification and can continue trading without the Korean won.

Fintech / Regtech

Vietnam to Create Fintech Sandbox for Banking Sector

By Editors | 21/09/2021

The central bank will coordinating with government departments and agencies to develop a decree to enable the sandbox.

Fintech / Regtech

BSP Grants Sixth Digital Bank Licence to PayMaya

By Editors | 20/09/2021

The seventh and final digital bank is likely to be an existing bank applying to convert into a digital bank, but approval has been delayed.

Big Picture

CBDCs Theaten to Eat Into Banks’ Remittance Fees: Moody’s

By Ranamita Chakraborty | 20/09/2021

Fees and commissions banks charge for cross-border transactions will be reduced with wide adoption of CBDCs.

Fintech / Regtech

PBOC Targets February 2022 Launch of Digital Yuan

By Sanday Chongo Kabange | 20/09/2021

The e-CNY has built-in functionality to enable self-executing payments via smart contracts. The PBOC aims to fully launch the CBDC by the 2022 Winter Olympics.