FINTECH / REGTECH

    Big Picture

    The Ties That Bind: Market Connectivity Continues to Increase Despite Opposing Rhetoric

    By Larry Thompson | 30/05/2018

    Whether it is geopolitical tensions in North Asia, the UK’s exit from the European Union or new U.S. trade policies, globalisation would appear to many to be in retreat in many regions of the world — but this is not the case in financial markets.

    Crypto / Digital Assets

    MAS Warns Eight Crypto Exchanges, Halts ICO Issuer

    By JP Reimann | 28/05/2018

    Exchanges warned against facilitating trading in digital tokens which constitute securities or futures contracts without MAS authorisation; ICO representing equity ownership halted.

    AML / KYC

    India’s Supreme Court to Hear All Crypto Related Cases

    By Manesh Samtani | 25/05/2018

    Several petitions received by courts challenging constitutional validity of RBI order barring banks from crypto dealings; next Supreme Court hearing scheduled for 20 July.

    Fintech / Regtech

    GDPR – Frankenstein’s Monster of Regulation

    By Peter Lancos | 22/05/2018

    Given the 25 May go-live date, financial institutions in Asia need to immediately consider their obligations under GDPR, which will apply to any firm with clients or employees who are EU citizens.

    Big Picture

    Talking Crypto Regulation with Ripple’s Sagar Sarbhai

    By Manesh Samtani | 22/05/2018

    Regulation Asia sat down with Sagar Sarbhai, Head of Government and Regulatory Relations for APAC and the Middle East at Ripple, to discuss the company’s business proposition and the regulatory challenges it faces across the region.

    Fintech / Regtech

    MAS Eyes Greater Financial Sector Resilience to Cyber Threats

    By Manesh Samtani | 21/05/2018

    Consultation to be issued “soon” on raising cyber resilience at financial institutions in Singapore; rules to include internal controls, independent reviews, authentication practices.

    Fintech / Regtech

    Indonesia to Tighten Rules on Fintech Lenders

    By Karen Chiu | 19/05/2018

    Fintech lenders will be compelled to be registered with OJK; unregistered firms will be unable to tap financial markets or raise funds from banks.

    Crypto / Digital Assets

    Thailand ‘Digital Asset’ Decree Takes Effect

    By JP Reimann | 17/05/2018

    Cryptocurrencies now defined as digital assets, granting the SEC powers to regulate; exchanges have 90 days to register with SEC.

    Crypto / Digital Assets

    South Korea to Ease Cryptocurrency Policy

    By JP Reimann | 17/05/2018

    South Korea to soften cryptocurrency policy, apply FATF standards; central bank to release recommendations by end of June.

    Fintech / Regtech

    Taiwan’s Fubon Bank Launches Blockchain Payment System

    By JP Reimann | 16/05/2018

    Fubon becomes first Taiwanese bank to launch blockchain-based retail payment system, cutting transaction times to less than one second.

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