Fintech / Regtech

Fintech / Regtech

Commonwealth Bank to Arrange First Blockchain Bond

By Garima Chitkara | 14/08/2018

Developed by the World Bank, a A$100 million kangaroo bond, issued and distributed through blockchain, will open to investors later this month in Washington and Sydney.

Crypto / Digital Assets

Thailand Allows Banks to Engage in Crypto Activities Through Subsidiaries

By Manesh Samtani | 10/08/2018

Banks still prohibited from issuing, buying or selling digital tokens directly, but bank subsidiaries will be allowed to trade cryptocurrency and issue digital tokens with permission from supervisory body.

Fintech / Regtech

Financial Regulators Consult on ‘Global Sandbox’ Approach

By Manesh Samtani | 09/08/2018

HKMA, MAS, ASIC among 12 regulators seeking views from interested parties on new Global Financial Innovation Network initiative, including its role, tools and where it should prioritise activity.

Fintech / Regtech

Philippines Proposes Regulatory Framework for ICOs

By Editors | 09/08/2018

Draft rules propose issuers undergo initial assessment to determine if ICO tokens are securities; security tokens must be registered with the SEC and proceeds must be maintained in escrow.

Fintech / Regtech

S. Korea FSS Pushes for Blockchain Use in Stock Transactions

By Editors | 06/08/2018

FSS is advocating for regulatory agencies and private companies to work together to enable stock trading through blockchain, noting progress in the US, UK, Japan and Australia to move forward on the technology.

AML / KYC

S. Korea Announces Revised Tax Bill

By Editors | 06/08/2018

Bill expands crackdown on tax evasion, ends derivatives tax exemptions, disqualifies crypto exchanges as SMEs for tax reductions.

Fintech / Regtech

China’s Ant Financial and WeBank – ‘Too Big to Regulate’

By Peter Guy | 02/08/2018

The Chinese government has allowed unregulated online participants to innovate and grow in a sector traditionally dominated by state banks. Systemic risk has increased by not imposing strict and comprehensive regulatory regimes.

Fintech / Regtech

New Phase of India’s Digital Payments Platform Likely in Mid-August

By Garima Chitkara | 02/08/2018

UPI 2.0 to be released in mid-August will include new features like inward remittances and overdraft facilities. It will exclude a recurring payments feature present in the current platform.

Fintech / Regtech

Chinese Bank Trials Blockchain-based Loan Issuance

By Emma Zhou | 01/08/2018

Agricultural Bank of China has issued a ¥2mn loan backed by farmland from a Guizhou province branch; new system speeds up loan issuances and prevents fraud.