Fintech / Regtech

Crypto / Digital Assets

Laos Authorises Six Companies for Crypto Mining, Trading

By Editors | 18/09/2021

Government ministries will work with the central bank and national power utility to decide on rules governing the use of cryptocurrencies.

Enforcement

ACCC Launches Formal Investigation into Apple Pay

By Editors | 17/09/2021

Cards held in a third-party wallet such as a bank app can pay in-store only if they are routed through Apple Pay for a cost.

Securities / Derivatives

FINMA Grants Approval Allowing SIX to Deal in Digital Securities

By Editors | 16/09/2021

SIX Digital Exchange is approved to act as a CSD and its associated company SDX Trading to act as a stock exchange.

Fintech / Regtech

Korean Crypto Exchange Closures to Cost Investors $2.6b

By Sanday Chongo Kabange | 16/09/2021

The closure of almost 40 of Korea’s crypto exchanges would eliminate 42 so-called Kimchi coins and potentially result in $2.6bn in investor losses.

Fintech / Regtech

DTCC to Launch DLT-Based Settlement Platform in Q1 2022

By Editors | 15/09/2021

Project Ion will create an alternative clearance and settlement option for US equity markets that leverages distributed ledger technology.

Capital / Liquidity

JBA Calls for Global Cryptoasset Regulations for Non-banks

By Manesh Samtani | 15/09/2021

A global regulatory framework for cryptoassets that only includes banks would exacerbate rather than contain financial stability risks.

Enforcement

Korean Tech Giants Told to Comply with Consumer Protection Law

By Sanday Chongo Kabange | 15/09/2021

The FSC and FSS have ordered Kakao and Naver to alter or halt the sale of financial products online and register as brokerages by 24 September.

Fintech / Regtech

Bursa Malaysia to Explore Dematerialised Structured Warrants

By Editors | 15/09/2021

Digital Asset, VMware, Macquarie Capital Securities and Maybank Investment Bank will participate in the dematerialisation proof-of-concept.

Fintech / Regtech

RBI Opens Applications for Third Sandbox Cohort

By Editors | 15/09/2021

Six entities from the first cohort on retail payments have exited the sandbox. The second cohort on cross-border payments is commencing testing this month.