Fintech / Regtech

Enforcement

US SEC Expands Enforcement Unit Dedicated to Crypto, Cyber

By Editors | 05/05/2022

The additional resources will be used to prioritise investigations related to crypto asset offerings, exchanges, lending and staking products, as well as DeFi platforms, NFTs and stablecoins.

Fintech / Regtech

FSC Korea Issues New Rules for Fractional Investing Services

By Editors | 05/05/2022

The FSC will classify fractional investment products as securities on a case-by-case basis and require issuing firms to adopt investor protection measures.

Fintech / Regtech

S. Korea Set to Delay Capital Gains Tax for Crypto

By Editors | 04/05/2022

President-elect Yoon Seok-yeol is planning to defer the tax to 2025 to allow time for the enactment of a new set of regulations designed to protect consumers.

Securities / Derivatives

AIMA Publishes Institutional Investor Guide on Digital Asset Custody

By Editors | 04/05/2022

The guide was produced with contributions from Anchorage Digital, Barclays Investment Bank, Capco, Coinbase, Copper, Digivault, and Fidelity Digital Assets, among others.

Fintech / Regtech

India’s GIFT City to Introduce Fintech Regulatory Sandbox

By Editors | 04/05/2022

The dedicated regulatory sandbox is part of government efforts to establish GIFT City as ‘world class’ fintech hub.

AML / KYC

India: CERT-In Includes Crypto Firms in New Directions

By Manesh Samtani | 03/05/2022

The directions require crypto exchanges, custodians and wallet providers in India to retain KYC information for five years and report cyber incidents to CERT-In.

AML / KYC

Singapore: Revolut, Luno Get In-Principle Approval to Offer DPT Services

By Editors | 02/05/2022

MAS managing director Ravi Menon described the licensing process as necessarily stringent for Singapore to be a responsible global crypto hub.

Fintech / Regtech

HKMA Issues Regtech Guide on Adopting AI-based Solutions

By Editors | 02/05/2022

The guide highlights the need for banks to establish proper data and AI governance frameworks, and maintain continuous control over AI-based solutions post-implementation.

Crypto / Digital Assets

Hangzhou Court Delivers China’s First NFT-related Judgment

By Darien Choong | 01/05/2022

The court penalised an NFT marketplace for failing to subject an artwork to review and meet its obligations to protect against intellectual property theft.