FINTECH / REGTECH

AML / KYC

Hong Kong to Align Crypto Regulatory Framework with FATF Standards

By Manesh Samtani | 03/11/2020

The government proposes to introduce a new licensing regime for VASPs that trade non-security tokens, and a registration regime for dealers in precious metals and stones.

Capital / Liquidity

PBOC, CBIRC Issue Draft Rules for Small Loans Businesses

By Editors | 03/11/2020

Microfinance businesses must have a registered capital of at least CNY 1 billion. Those operating across provincial borders must have at least CNY 5 billion.

AML / KYC

Singapore Bill to Align Payment Services Act with FATF Standards

By Editors | 03/11/2020

The bill will expand the definition of a DPT service, broaden the definition of cross-border money transfer service, and allow MAS to impose measures on DPT services providers.

Fintech / Regtech

RBA Launches New Project to Explore Wholesale CBDC

By Editors | 03/11/2020

The RBA has partnered with CBA, NAB, Perpetual and ConsenSys to explore if there is a future role for a wholesale CBDC in the Australian payments system.

Fintech / Regtech

HKMA to Target Accelerated RegTech Adoption in 2021

By Manesh Samtani | 03/11/2020

The HKMA wants to see banks embracing and trialling new technologies and proofs of concept, and ultimately adopting more Regtech solutions, said central banker Arthur Yuen.

Fintech / Regtech

HKMA Unveils Financial Infrastructure Project to Facilitate SME Lending

By Manesh Samtani | 02/11/2020

The HKMA is working with banks to study the feasibility of the ‘Commercial Data Interchange’, a new financial infrastructure to facilitate financial intermediation.

Fintech / Regtech

GFIN Invites Next Batch of Firms to Participate in Cross-border Testing

By Editors | 01/11/2020

Regulators from Australia, Canada, Hong Kong, Singapore, Taiwan, the UK and the US are among those participating in cross-border testing.

Fintech / Regtech

Cambodia Launches Central Bank Backed Digital Currency

By Editors | 28/10/2020

The digital currency, known as Bakong, allows users to transfer money using a mobile app by scanning QR codes or inputting the recipient’s phone number.

Crypto / Digital Assets

Malaysia’s Guidelines on Digital Assets Enter Into Force

By Editors | 28/10/2020

The Securities Commission invites parties interested in registering as IEO platform operators or digital asset custodians to start submitting their applications.