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Crypto / Digital Assets
India Considers Next Steps to Regulate Cryptocurrency
By Editors | 17/06/2020
Market commentators believe that a recent Supreme Court decision has prompted the government to work towards a new regulatory approach, rather than an outright ban.
Fintech / Regtech
FSC Korea to Enhance Regulatory Framework for Crowdfunding
By Editors | 17/06/2020
SMEs will be allowed to raise funds through crowdfunding platforms, and the capital raising limit will be raised, among other enhancements to the existing framework.
AML / KYC
HKMA Spotlights RegTech Use to Implement AML/CFT Measures
By Manesh Samtani | 15/06/2020
The HKMA outlines four regtech use cases that support the effective implementation of AML/CFT measures at Hong Kong banks.
Fintech / Regtech
FSC Korea Outlines Key Policy Tasks for H2 2020
By Editors | 14/06/2020
The measures include continued support for businesses and individuals, with some focus being diverted back to pre-Covid policy work to support innovation and data-driven initiatives.
Fintech / Regtech
Taiwan Fintechs to Gain Access to Canada’s Securities Sandbox
By Editors | 12/06/2020
The CSA sandbox allows firms to obtain exemptive relief from securities law requirements to test new products and services in the Canadian market on a time-limited basis.
Fintech / Regtech
Korea: Unauthorised Toss Payments Prompt Wider Review of Fintechs
By Editors | 12/06/2020
The FSS is considering conducting reviews of some 40 fintech companies after eight unauthorised transactions were detected on Viva Republica’s payments platform Toss.
AML / KYC
Chinese Police Freeze 4,000 Bank Accounts in Crypto Probe
By Editors | 11/06/2020
Guangdong police have reportedly frozen about 4,000 bank accounts belonging to cryptocurrency traders in a crackdown on illicit activities.
Fintech / Regtech
Xiaomi-AMTD Joint Venture Launches Hong Kong Virtual Bank
By Editors | 11/06/2020
Airstar Bank commits to becoming “Everyone’s Bank”, contrasting itself with conventional banking models which focus on high net-worth individuals.
Fintech / Regtech
SFA Launches Self-assessment Framework, Toolkit for FinTechs
By Manesh Samtani | 10/06/2020
The framework and toolkit allow FinTechs to benchmark themselves against minimum standards on outsourcing, technology risk, and cyber hygiene, helping to fast-track onboarding with FIs.
Fintech / Regtech
FSC Korea Opens Applications for New Data Specialist Designation
By Editors | 10/06/2020
Designated ‘data specialising institutions’ will be able to use anonymised and pseudonymised customer data for statistical and industry research and for public documentation purposes.
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