Fintech / Regtech

PBOC Vows to Fill Gaps in FinTech Regulation

By Mark Johnston | 14/10/2021

Governor Yi Gang says the PBOC will continue to strengthen its supervision of fintech companies, while also improving policy transparency and predictability.

Crypto / Digital Assets

S. Korean Legislators Seek to Delay Cryptocurrency Taxation

By Sanday Chongo Kabange | 14/10/2021

Lawmakers are proposing to delay plans to tax cryptocurrency gains by one year to 2023, and to impose a more generous tax framework.

Fintech / Regtech

BSP Migrates to API-Based Regulatory Reporting

By Sanday Chongo Kabange | 14/10/2021

Banks have six months to enable capabilities to generate XML reports and ensure appropriate personnel is in place.

Fintech / Regtech

G7 Ministers to Endorse Guiding Principles for CBDC – Report

By Editors | 13/10/2021

The principles call for appropriate regulation and oversight, rigorous privacy and data protection standards, and safeguards to prevent fraud and sanctions evasion.

Fintech / Regtech

RBI Announces Fraud Theme for Fourth Sandbox Cohort

By Mark Johnston | 12/10/2021

The RBI said ‘prevention and mitigation of financial frauds’ will be the theme for the fourth regulatory sandbox cohort.

Fintech / Regtech

Laos Central Bank to Explore CBDC Issuance

By Sanday Chongo Kabange | 11/10/2021

To help explore the feasibility of a CBDC, the Bank of the Lao PDR has enlisted Japanese fintech Soramitsu, which also help developed Bakong in Cambodia.

Enforcement

S. Korea: Founder of Singapore Fintech Jailed for Fraud

By Editors | 11/10/2021

A South Korean court has sentenced the founder of a fintech investment firm Marvelstone Group to ten years of jail time on fraud charges.

Fintech / Regtech

ACCC Accredits Westpac as Data Recipient Under CDR

By Editors | 11/10/2021

ADRs are allowed to receive information from other data holders and offer products and services under the consumer data right regime.

Fintech / Regtech

S. Korea to Tighten Rules for Bigtechs in Financial Services

By Sanday Chongo Kabange | 11/10/2021

FSS governor Jeong Eun-bo said regulators will seek to enable fair competition between digital platform providers and financial companies.

Fintech / Regtech

Malaysia SC Orders Decentralised Exchanges to Halt Operations

By Mark Johnston | 10/10/2021

Entities interested in operating a decentralised exchange in Malaysia should apply to be registered as an RMO, the SC said.

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