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Fintech / Regtech
APRA to Set Out Expectations for FIs Dealing in Digital Assets
By Editors | 11/04/2022
APRA will not be introducing new regulatory requirements for FIs or attempting to hinder innovation. Rather, it will be asking them to closely assess and monitor new operational risks.
Crypto / Digital Assets
Indonesia to Start Taxing Crypto Investments, Fintech Services in May
By Editors | 10/04/2022
Indonesia will charge a capital gains tax and VAT on crypto transactions, as well as interest and fees generated from fintech services, starting on 1 May 2022.
Enforcement
ASIC Charges Firm for Offering Crypto Loans Without Credit Licence
By Sanday Chongo Kabange | 09/04/2022
ASIC has charged Helio Lending for falsely representing that it had a credit licence that allowed it to offer cryptocurrency-backed loans.
Fintech / Regtech
JPX to Provide Free Market Data to Retail Investors
By Sanday Chongo Kabange | 09/04/2022
JPX plans to launch a beta version of an API for retail investors under its ‘J-Quants’ project, and is inviting early adopters to apply for early access.
Fintech / Regtech
European Commission Launches Targeted Consultation on Digital Euro
By Editors | 07/04/2022
The consultation seeks views on the application of AML/CFT rules, privacy and data protection, and financial stability impacts, among other areas.
Fintech / Regtech
Thai Crypto Firms Required to Issue Transaction Reports to Clients
By Editors | 07/04/2022
From 1 May, crypto businesses have to submit reports to customers within one day after a transaction is complete, allowing them to view records going back 18 months.
AML / KYC
US, German Authorities Target World’s Largest Darknet Market
By Manesh Samtani | 07/04/2022
OFAC has sanctioned Russia-based website Hydra Market and crypto exchange Garantex for facilitating transactions for ransomware actors.
Fintech / Regtech
Korean Banks to Request Entry into Crypto Sector – Report
By Editors | 07/04/2022
A report will be submitted to the incoming president’s transition committee requesting that banks be allowed to engage in the crypto sector.
Fintech / Regtech
OJK Launches New Integrated Data Analytics System
By Editors | 06/04/2022
‘OSIDA’ leverages data analytics and artificial intelligence to process and analyse large datasets reported by banks to detect risk.
Fintech / Regtech
Korea FSS Commences Inspections of Internet-only Banks
By Sanday Chongo Kabange | 06/04/2022
The FSS is set to conduct 779 regular or occasional inspections on financial firms throughout this year.
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