Fintech / Regtech

    AML / KYC

    Regulatory Pressure on Binance Builds With Malaysia Ban

    By Manesh Samtani | 01/08/2021

    Malaysia’s SC has announced enforcement actions. Binance is winding down its derivatives business in Europe. India is probing its involvement in a betting probe.

    Fintech / Regtech

    BOT Issues Guidance on Blockchain Adoption in Financial Services

    By Sanday Chongo Kabange | 01/08/2021

    The guideline covers blockchain application in financial businesses, project governance, security standards, and risk management, among other areas.

    Crypto / Digital Assets

    Ripple Opens Japan-Philippines Remittance Corridor

    By Manesh Samtani | 31/07/2021

    Japan’s SBI Remit will connect with Coins.ph and crypto exchange SBI VC Trade to open the remittance corridor, leveraging Ripple’s on-demand liquidity service.

    Fintech / Regtech

    BSP Grants Fourth Digital Bank Licence to UnionBank

    By Editors | 31/07/2021

    UnionBank is the latest to receive the licence after Landbank’s Overseas Filipino Bank, Tonik Bank, and UNOBank.

    Crypto / Digital Assets

    Australia: Industry Body Seeks Greater Clarity on Crypto Regulation

    By Sanday Chongo Kabange | 30/07/2021

    Blockchain Australia has asked for safe harbour to be provided to ensure regulatory action will not be taken against crypto businesses where the law is unclear.

    Fintech / Regtech

    Korea FSC Expands Open Banking Services to Fintechs

    By Sanday Chongo Kabange | 29/07/2021

    Users will be able to access information about their prepaid deposit accounts from mobile applications of any FI offering open banking.

    AML / KYC

    FSC Finds VASP Deposit Accounts Linked to Fraudulent Activity

    By Editors | 29/07/2021

    Crypto exchanges in Korea are required to use bank accounts under their real names. Third party bank accounts are not allowed.

    Fintech / Regtech

    Beijing Financial Court Launches Fintech Legal Research Centre

    By Sanday Chongo Kabange | 28/07/2021

    The Beijing Fintech Legal Research Centre will research fintech compliance standards, explore regulatory models, and drive fintech legal advances.

    AML / KYC

    Crypto to Become One of the ‘Safest Environments Ever’

    By Manesh Samtani | 28/07/2021

    Experts discuss regulatory fragmentation, rapid travel rule adoption, and good compliance practices for VASPs.

    Fintech / Regtech

    Eftpos Explores Better Access to Electronic Payments by Fintechs

    By Sanday Chongo Kabange | 28/07/2021

    A new committee has been formed with FinTech Australia to facilitate discussion on enhancing fintech firms’ access to the eftpos network.

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