FINTECH / REGTECH

Crypto / Digital Assets

Bank-backed Crypto Exchange Opens to Retail Investors in Japan

By Garima Chitkara | 19/07/2018

Following limited launch by SBI Holdings in June, cryptocurrency exchange VCTRADE has now begun accepting retail investors; no applications allowed from corporate or institutional investors.

Fintech / Regtech

Thailand Explores Blockchain Use for Banking, Bonds Settlement

By Garima Chitkara | 18/07/2018

BOT looking at blockchain applications for document authentication, cross-border payments and regional connectivity; Bond Market Association working to release a bond settlement token.

Fintech / Regtech

HKMA to Launch Blockchain-based Trade Finance Platform by September

By Emma Zhou | 18/07/2018

Platform will boost efficiency, lower costs and reduce fraud risks in trade finance for participating banks, which include HSBC, SCB, ANZ, BEA, DBS and Hang Seng.

Fintech / Regtech

Indonesia to Release New Fintech Rules in August

By Garima Chitkara | 18/07/2018

Fintech firms will be required to register with the OJK and periodically submit financial reports; new rules will cover P2P lending, insurance technology and equity crowdfunding.

Fintech / Regtech

Shanghai Bourse Studies Use of DLT for Securities Markets

By Garima Chitkara | 16/07/2018

In a research paper, the SSE envisions DLT efficiency in post-trade settlement and securities issuance and trading, calling on regulators to “adapt to evolving technology.”

Fintech / Regtech

S. Korea to Ease Rules on Cloud Storage of Customer Data

By Manesh Samtani | 16/07/2018

FSC is expanding the types of information financial companies can store on cloud computing systems to include personal credit and identification information.

AML / KYC

Australian Tax Officials To Crack Down On Crypto Traders

By Garima Chitkara | 12/07/2018

The Australian Tax Office will use cross border data sharing agreements to track tax obligations of cryptocurrency traders, though tax implications from major gains will likely be confined to a few individuals.

Crypto / Digital Assets

RISE HK: Regulation Needed to Clean Up Crypto Sector

By Manesh Samtani | 12/07/2018

At the RISE conference in Hong Kong this week, industry participants called for regulation in the crypto sector “earlier rather than later”, to avoid backlash which could set the industry back.

Fintech / Regtech

BSP Approves Two More Virtual Currency Exchanges

By Garima Chitkara | 12/07/2018

Virtual Currency Philippines and Etranss accredited by the BSP bringing the total number of virtual currency exchanges in the Philippines to five.