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AML / KYC
Regulatory Pressure on Binance Builds With Malaysia Ban
By Manesh Samtani | 01/08/2021
Malaysia’s SC has announced enforcement actions. Binance is winding down its derivatives business in Europe. India is probing its involvement in a betting probe.
Fintech / Regtech
BOT Issues Guidance on Blockchain Adoption in Financial Services
By Sanday Chongo Kabange | 01/08/2021
The guideline covers blockchain application in financial businesses, project governance, security standards, and risk management, among other areas.
Crypto / Digital Assets
Ripple Opens Japan-Philippines Remittance Corridor
By Manesh Samtani | 31/07/2021
Japan’s SBI Remit will connect with Coins.ph and crypto exchange SBI VC Trade to open the remittance corridor, leveraging Ripple’s on-demand liquidity service.
Fintech / Regtech
BSP Grants Fourth Digital Bank Licence to UnionBank
By Editors | 31/07/2021
UnionBank is the latest to receive the licence after Landbank’s Overseas Filipino Bank, Tonik Bank, and UNOBank.
Crypto / Digital Assets
Australia: Industry Body Seeks Greater Clarity on Crypto Regulation
By Sanday Chongo Kabange | 30/07/2021
Blockchain Australia has asked for safe harbour to be provided to ensure regulatory action will not be taken against crypto businesses where the law is unclear.
Fintech / Regtech
Korea FSC Expands Open Banking Services to Fintechs
By Sanday Chongo Kabange | 29/07/2021
Users will be able to access information about their prepaid deposit accounts from mobile applications of any FI offering open banking.
AML / KYC
FSC Finds VASP Deposit Accounts Linked to Fraudulent Activity
By Editors | 29/07/2021
Crypto exchanges in Korea are required to use bank accounts under their real names. Third party bank accounts are not allowed.
Fintech / Regtech
Beijing Financial Court Launches Fintech Legal Research Centre
By Sanday Chongo Kabange | 28/07/2021
The Beijing Fintech Legal Research Centre will research fintech compliance standards, explore regulatory models, and drive fintech legal advances.
AML / KYC
Crypto to Become One of the ‘Safest Environments Ever’
By Manesh Samtani | 28/07/2021
Experts discuss regulatory fragmentation, rapid travel rule adoption, and good compliance practices for VASPs.
Fintech / Regtech
Eftpos Explores Better Access to Electronic Payments by Fintechs
By Sanday Chongo Kabange | 28/07/2021
A new committee has been formed with FinTech Australia to facilitate discussion on enhancing fintech firms’ access to the eftpos network.
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