Fintech / Regtech

AML / KYC

Crypto Industry Responds to FATF Red Flag Report

By Nathan Smale | 28/09/2020

New guidance from the FATF has been welcomed by the crypto industry, despite the compliance challenges it presents, writes Nathan Smale at Emfarsis.

Fintech / Regtech

HKMA Selects ConsenSys to Lead Next Phase of CBDC Project

By Editors | 28/09/2020

Project Inthanon-LionRock studied the application of a CBDC for cross-border payments. ConsenSys will lead implementation of the project’s next phase.

Crypto / Digital Assets

EU Unveils Digital Finance Strategy, Crypto-asset Framework

By Manesh Samtani | 27/09/2020

The package consists of a digital finance strategy, a retail payments strategy, and legislative proposals for regulating the crypto-asset sector.

Fintech / Regtech

Korea, Thailand Sign MoU on Financial Services Regulation

By Sanday Chongo Kabange | 25/09/2020

The agreement will help enhance supervisory efficiency and promote innovation through experience sharing, technical assistance and exchange of information.

AML / KYC

HKMA Issues Guidance on Remote Onboarding of Corporate Clients

By Editors | 25/09/2020

Onboarding processes should be designed reflecting the principle that CDD is not merely a document collection exercise, the HKMA says.

Fintech / Regtech

PBOC, JD.com Partner to Support Digital Currency Fintechs

By Sanday Chongo Kabange | 24/09/2020

The two entities will identify, explore and build fintechs that supports the DCEP on JD.com’s existing e-commerce platforms and services.

Capital / Liquidity

Too Big to Fail: Markets Abhor a Vacuum

By Jamie Lloyd Evans | 24/09/2020

Some characteristics of the TBTF challenge are specific to Asia, but these may be intractable from ‘winner-takes-all’ capitalism and national interests, writes industry veteran Jamie Lloyd Evans.

Crypto / Digital Assets

EU Set to Unveil Regulatory Framework for Crypto-assets

By Sanday Chongo Kabange | 22/09/2020

A leaked set of proposals indicates the European Commission is looking to introduce an EU-wide digital finance framework to hep regulate crypto-asset activities.

Fintech / Regtech

GCRA: Little More Than Acting the Part

By Tamara Scicluna | 18/09/2020

We need real-time insights into cultural drivers of behaviour rather than backward-looking surveillance systems designed to catch bad actors after-the-fact.