Fintech / Regtech

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.

Fintech / Regtech

Thailand Publishes Regulatory Framework for ICOs

By Emma Zhou | 10/07/2018

New framework will task companies known as ICO portals with screening issuers and cap retail investment in ICO projects, starting from 16 July.

Big Picture

Off-boarding Tail Clients a Short-Sighted Approach – Report

By Manesh Samtani | 09/07/2018

Report by Quinlan & Associates suggests potential for digital transformation to deliver 10-15% boost in top-line revenues and 30% reduction in operating costs, with tail clients a key opportunity.

Crypto / Digital Assets

India’s Supreme Court Upholds RBI Crypto Ban

By Emma Zhou | 05/07/2018

RBI ban on financial institutions providing services to companies and individuals dealing in cryptocurrencies was upheld by the Supreme Court on Tuesday; next hearing scheduled for 20 July.

Fintech / Regtech

Thailand’s Securities Firms Seek to Launch Joint Crypto Exchange

By Emma Zhou | 03/07/2018

Security companies in Thailand are looking to join hands in setting up a crypto exchange, believing customers will prefer trading with known securities businesses.

Fintech / Regtech

China Toughens Regulations Amid Multiple P2P Lender Collapses

By Emma Zhou | 03/07/2018

As numerous P2P lenders collapse in China , including 28 firm in the final week of June, authorities are ramping up efforts to strengthen regulations in the sector.