Fintech / Regtech

    Fintech / Regtech

    Korea: Deadline for Crypto Exchanges to Register Arrives

    By Sanday Chongo Kabange | 23/09/2021

    Five crypto exchanges and one wallet provider have so far submitted their registration documents. Only Upbit has been formally approved by the FSC.

    Fintech / Regtech

    Ant Group’s Huabei Starts Reporting Credit Data to PBOC Database

    By Editors | 23/09/2021

    The data-sharing arrangement is part of the rectification measures ordered by financial regulators to break Ant Group’s “information monopoly” over data collection.

    Fintech / Regtech

    ACCC Approves NAB as Accredited Data Recipient Under CDR

    By Editors | 21/09/2021

    NAB is Australia’s second big four bank to become an accredited data recipient under the CDR regime, which underpins open banking.

    Crypto / Digital Assets

    Philippine SEC Warns Against Dealing with Unlicensed Entities

    By Editors | 21/09/2021

    The SEC has warned against dealing with unlicensed forex brokers, crypto exchanges, and DeFi platforms among others.

    Crypto / Digital Assets

    Korea: Nearly 70 Crypto Exchanges Set to Suspend Services

    By Sanday Chongo Kabange | 21/09/2021

    Nearly 40 exchanges are set to suspend all services, while 28 have ISMS certification and can continue trading without the Korean won.

    Fintech / Regtech

    Vietnam to Create Fintech Sandbox for Banking Sector

    By Editors | 21/09/2021

    The central bank will coordinating with government departments and agencies to develop a decree to enable the sandbox.

    Fintech / Regtech

    BSP Grants Sixth Digital Bank Licence to PayMaya

    By Editors | 20/09/2021

    The seventh and final digital bank is likely to be an existing bank applying to convert into a digital bank, but approval has been delayed.

    Big Picture

    CBDCs Theaten to Eat Into Banks’ Remittance Fees: Moody’s

    By Ranamita Chakraborty | 20/09/2021

    Fees and commissions banks charge for cross-border transactions will be reduced with wide adoption of CBDCs.

    Fintech / Regtech

    PBOC Targets February 2022 Launch of Digital Yuan

    By Sanday Chongo Kabange | 20/09/2021

    The e-CNY has built-in functionality to enable self-executing payments via smart contracts. The PBOC aims to fully launch the CBDC by the 2022 Winter Olympics.

    Fintech / Regtech

    BOT to Embrace Digital Technology in Regulatory Approach

    By Pongnut Thanaboonchai | 18/09/2021

    The BOT will promote open data and infrastructure to facilitate SME access to credit. The sandbox rules will also be updated.

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