Fintech / Regtech

AML / KYC

Taiwan Cracks Down On Anonymous Virtual Currency Transactions

By Garima Chitkara | 05/11/2018

Taiwan has amended its AML/CFT laws, forbidding anonymous cryptocurrency transactions and empowering the FSC to take action against noncompliant platform operators.

Crypto / Digital Assets

Hong Kong Targets Investor Protection in New Approach to Crypto Regulation

By Manesh Samtani | 02/11/2018

The SFC will bring crypto-asset portfolio managers, fund distributors and eventually exchanges under its regulatory net, said Ashley Alder at Hong Kong Fintech Week.

Fintech / Regtech

HKMA Launches Blockchain-based Trade Finance Platform ‘eTradeConnect’

By Manesh Samtani | 01/11/2018

Launched at Hong Kong Fintech Week, eTradeConnect improves trade efficiency by automating trade finance processes using blockchain technology.

Market Infrastructure

Singapore Leads Asia Pacific in Open Banking Readiness

By Manesh Samtani | 01/11/2018

In APAC, Singapore is the most prepared for open banking, followed by Australia and Hong Kong, according to Finastra’s ‘Open Banking Readiness Index’.

Crypto / Digital Assets

HKEX Develops Blockchain Prototype for Northbound Trade Settlement

By Editors | 01/11/2018

HKEX will work with Digital Asset to introduce the first blockchain platform for financial services in Hong Kong, said Charles Li in a speech at Hong Kong Fintech Week.

Fintech / Regtech

Japanese Banks Trial Blockchain-based Settlement for Small Transactions

By Editors | 31/10/2018

Nine banks will use Fujitsu technology to test the ability of a custom digital currency to achieve low-cost performance of real-time gross settlement for small-scale transactions.

Crypto / Digital Assets

Chinese Arbitration Court Protects Bitcoin as ‘Property’

By Manesh Samtani | 29/10/2018

“Bitcoin has the nature of a property, which can be owned and controlled by parties, and is able to provide economic values and benefits,” the Court ruled.

Fintech / Regtech

HKMA Suspends E-wallet Auto Top-Up Service Amid Fraud Reports

By Garima Chitkara | 26/10/2018

Approximately HKD 180,000 was stolen from customers just three weeks after the launch of a service allowing automatic top-ups of e-wallets by direct debit from bank accounts.

Crypto / Digital Assets

Sibos: New Digital Economy Places Customer Needs in Focus

By Matthew Chan | 25/10/2018

As Australia’s banking sector continues to deal with fallout from Royal Commission findings of misconduct, Sibos highlighted a newfound focus on customer needs, says Matthew Chan.