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Enforcement
FSS Korea Fines Naver Financial for Data Security Failures
By Editors | 16/11/2021
The FSS fined Naver Financial and issued warnings against three executives for exposing its office intranet to external risks.
Crypto / Digital Assets
Asia’s Payments Landscape Shines at Singapore Fintech Festival
By Mark Johnston | 16/11/2021
The Asian fintech scene witnessed a raft of new announcements at this year’s Singapore Fintech Festival held from 8-12 November 2021.
Securities / Derivatives
Taiwan Formally Designates FSC as Crypto Industry Supervisor
By Editors | 16/11/2021
Cryptocurrency businesses will be listed under the category of “finance, insurance and real estate” and STOs will be listed under the securities firms subcategory.
Fintech / Regtech
Japanese Investors to Gain Access to Digital Securities via ADDX
By Editors | 14/11/2021
Through securities broker Tokai Tokyo, ADDX (formerly iSTOX) will offer Japanese investors access to tradeable security tokens backed by real estate and other assets.
Fintech / Regtech
Sri Lanka Rolls Out National QR Payments Solution
By Ranamita Chakraborty | 13/11/2021
LANKAQR targets SMEs and customers will not be charged for payments made by scanning a QR code with their mobile device.
Fintech / Regtech
Indonesia Religious Council Declares Crypto Assets Forbidden
By Editors | 12/11/2021
Crypto assets as a currency are considered haram, or banned, for Muslims, according to Indonesia’s National Ulema Council.
AML / KYC
Singapore, UAE Conclude Digital Trade Financing Pilot
By Editors | 12/11/2021
The pilot enabled trading counterparties and transacting banks to digitally validate and exchange trade documents in real-time.
Fintech / Regtech
Malaysia Joins PoC Project to Test Cross-border Payment Links
By Editors | 11/11/2021
BNM and PayNet are joining Project Nexus, which was first announced in July by BIS Innovation Hub and MAS to explore new cross-border payment linkages.
Fintech / Regtech
PBOC Seeks to Enhance CBDC Design and Functionality
By Manesh Samtani | 11/11/2021
The PBOC will improve the e-CNY’s settlement efficiency, privacy protection, anti-counterfeiting measures, and interoperability with existing payment tools.
Fintech / Regtech
Indonesia, UAE to Cooperate on Payments, Fintech, AML
By Editors | 11/11/2021
Central banks will cooperate on cross-border payments, fintech, and AML. Financial services regulators will cooperate on developing the Islamic finance industry.
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