Fintech / Regtech

Crypto / Digital Assets

Thailand SEC to Enhance Protections for Digital Asset Investors

By Editors | 01/03/2021

The SEC is consulting new qualifications for retail investors in digital assets, and requiring digital asset fund managers and investment advisors to be licensed.

Fintech / Regtech

FSC Korea Issues ‘MyData Services’ Guidelines Ahead of August Launch

By Editors | 27/02/2021

The guidelines require participating firms to ensure consumers have sufficient awareness of their privacy rights when consenting to data transfers.

Fintech / Regtech

Korea: Supervisory Power Struggle Deepens Between BOK, FSC

By Sanday Chongo Kabange | 25/02/2021

The BOK said it opposes the payment settlement system being used to oversee private transaction data, calling a revision bill proposed by the FSC a “Big Brother law”.

Fintech / Regtech

OJK Indonesia Urges Rural Banks to Digitalise Operations

By Editors | 25/02/2021

Efforts to digitalise are aimed at improving financial inclusion for ‘micro-entrepreneurs’ and other members of the unbanked or underbanked population in Indonesia.

AML / KYC

Financial Crime Challenges and Opportunities for the Year Ahead

By Editors | 24/02/2021

Financial crime compliance experts Radish Singh, Richard Carrick, Oonagh van den Berg and Michael Meadon discuss challenges and opportunities for the year ahead.

Fintech / Regtech

China, UAE Join HKMA-BOT Initiative to Create CBDC Bridge

By Manesh Samtani | 23/02/2021

The project, now called ‘m-CBDC Bridge’, will seek the development of a prototype to facilitate real-time cross-border transactions using multiple CBDCs.

AML / KYC

OJK to Require P2P Lenders to Report Transactions From 1 April

By Editors | 23/02/2021

The move is aimed at preventing the P2P lenders from being used for money laundering and terrorism financing, said OJK Deputy Director Munawar.

Capital / Liquidity

CBIRC Imposes Further Restrictions on Online Lending by Banks

By Editors | 23/02/2021

New rules require banks to contribute no more than 70 percent of the capital when providing loans through an online lending platform.

Fintech / Regtech

BSP to Draft Data Governance Policy for Financial Institutions

By Editors | 22/02/2021

The new regulatory framework will guide banks and other financial institutions on how they use and handle electronic information that they collect from customers.