ADVERTISEMENT
Enforcement
Korean Tech Giants Told to Comply with Consumer Protection Law
By Sanday Chongo Kabange | 15/09/2021
The FSC and FSS have ordered Kakao and Naver to alter or halt the sale of financial products online and register as brokerages by 24 September.
Fintech / Regtech
Bursa Malaysia to Explore Dematerialised Structured Warrants
By Editors | 15/09/2021
Digital Asset, VMware, Macquarie Capital Securities and Maybank Investment Bank will participate in the dematerialisation proof-of-concept.
Fintech / Regtech
RBI Opens Applications for Third Sandbox Cohort
By Editors | 15/09/2021
Six entities from the first cohort on retail payments have exited the sandbox. The second cohort on cross-border payments is commencing testing this month.
Fintech / Regtech
Singapore, India to Enable Real-time Cross-border Payments
By Sanday Chongo Kabange | 15/09/2021
The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.
Fintech / Regtech
FSC Korea Selects 20 Entities for Digital Data Testbed
By Editors | 14/09/2021
Fintech startups will test their business ideas for 11 weeks between 27 September and 10 December, and announce their results by year end.
Fintech / Regtech
Ant Group Ordered to Separate Lending Apps from Alipay
By Editors | 13/09/2021
Ant Group’s lending businesses Huabei and Jeibei will also have to transfer data used for lending decisions to a new credit scoring joint venture.
Fintech / Regtech
MAS Grants RMO Licence to Digital Asset Platform SDAX
By Editors | 13/09/2021
SDAX allows asset owners to tokenise and list their assets as digital securities. Its first real estate token listing is expected within 2021.
AML / KYC
Three More Korean Crypto Exchanges Secure Deals with Banks
By Editors | 13/09/2021
Bithumb, Coinone, and Korbit will likely meet the 24 September deadline. Korean police are preparing for illegal incidents from exchanges that are forced to close.
Fintech / Regtech
RBI Account Aggregator Framework Brings Open Banking to India
By Editors | 12/09/2021
Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.
Fintech / Regtech
Philippines: BSP Has 11 Digital Bank Applications to Review
By Editors | 12/09/2021
Two applications were already under review. Nine new applications were received before the deadline. Only two more licences may be up for grabs.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.