FINTECH / REGTECH

AML / KYC

New Rules for Australian Crypto Exchanges Take Effect

By Manesh Samtani | 05/04/2018

Exchanges must register with AUSTRAC, adopt AML/CTF programme, verify customer identities, report suspicious transactions, maintain seven years of records.

Fintech / Regtech

Philippines to Strengthen Supervision Through Regtech

By Editors | 05/04/2018

BSP to adopt regtech solutions including API for electronic data submissions by FIs, chatbot for complaints to the regulator.

Fintech / Regtech

MAS Guidance on AI, Data Analytics In The Works

By Editors | 04/04/2018

Key financial industry stakeholders to co-create guide setting out key principles, best practices to strengthen governance, reduce data misuse risks.

Crypto / Digital Assets

Report Suggests China May Support Global Crypto Regulation

By Manesh Samtani | 03/04/2018

PBOC’s Institute of International Finance says China would actively participate in a G20-led effort to establish a global regulatory framework.

Crypto / Digital Assets

Thailand Finalises Cryptocurrency Tax Framework

By Manesh Samtani | 30/03/2018

Cryptocurrency trades to be subject to 7 percent value added tax and 15 percent capital gains tax; fintech association chair says move may drive startups overseas.

Fintech / Regtech

SFC Issues Robo-advice Guidelines

By Samuel Riding | 29/03/2018

Robo-advice platforms should explain how their underlying algorithms operate, ensure regular testing to ensure they remain fit for purpose.

Fintech / Regtech

BOJ-ECB Study Identifies DLT Applications for Securities Settlement

By Manesh Samtani | 29/03/2018

Project Stella phase two study suggests distributed ledger technology offers novel approach for cash settlement of securities, but requires further study.

Fintech / Regtech

Indian Exchange Eyes Machine Learning, AI to Combat HFT Risks – Report

By Editors | 28/03/2018

Managing director and CEO of National Stock Exchange tells Livemint new technology is needed to meet traders’ increasing sophistication.

AML / KYC

S.Korea to Inspect Banks’ Crypto Dealings for AML Compliance

By Manesh Samtani | 26/03/2018

FSS and KoFIU will check on implementation progress of AML guidelines; examine corporate accounts belonging to crypto exchanges.