Fintech / Regtech

Fintech / Regtech

BSP to Enhance Policy Formulation Through Big Data

By Editors | 19/01/2022

The BSP has partnered with the University of the Philippines to develop a News Sentiment Index, which will lead to more targeted policy formulation.

Crypto / Digital Assets

ASIC Warns Against Investing Super in Crypto Assets

By Sanday Chongo Kabange | 18/01/2022

ASIC says individuals who set up self-managed super funds may be increasingly targeted by scammers to invest in crypto-assets.

Fintech / Regtech

Crypto Firms Should Not Advertise to Retail Customers: MAS

By Mark Johnston | 18/01/2022

New guidelines say crypto firms should refrain from advertising their services in public areas in Singapore or via social media influencers.

Enforcement

IOSCO Proposes Measures to Address Risks from Online Marketing

By Manesh Samtani | 18/01/2022

IOSCO proposes policy and enforcement measures to address risks in online marketing and distribution of financial products to retail investors.

Fintech / Regtech

MAS Grants RMO Licence to Digital Asset Platform ECXX

By Editors | 17/01/2022

ECXX Global Pte Ltd entered Sandbox Express in August 2020 as a digital asset exchange platform providing investors access to security tokens.

Fintech / Regtech

FSC Korea Reiterates Plans to Regulate Bigtech in Financial Services

By Sanday Chongo Kabange | 17/01/2022

The FSC will apply “same rules for same services” to ensure fair competition between bigtech firms and financial institutions.

AML / KYC

Crime Becoming Smaller Part of Crypto Ecosystem: Report

By Manesh Samtani | 17/01/2022

Chainalysis estimates that illicit wallet addresses received $14bn throughout 2021, but this represented just 0.15% of total transaction volumes in crypto during the year.

Fintech / Regtech

China State Planner Declares Cryptocurrency Mining Obsolete

By Mark Johnston | 14/01/2022

The NDRC said that measures to stamp out cryptocurrency mining are part of efforts to help achieve peak carbon and carbon neutrality targets on schedule.

Fintech / Regtech

South Korea to Designate More ‘Data Specialising Institutions’

By Sanday Chongo Kabange | 13/01/2022

Data specialising institutions are allowed to converge anonymised and pseudonymised data originating from different businesses for analytics purposes.