Fintech / Regtech

    Fintech / Regtech

    MAS: 14 of 21 Digital Bank Applicants Assessed as ‘Eligible’

    By Editors | 18/06/2020

    These applicants assessed as eligible will progress to the next stage of assessment, where they will be invited to present their proposals via virtual meetings.

    Fintech / Regtech

    BOK Panel to Explore Legal Issues of CBDC Issuance

    By Editors | 17/06/2020

    The BOK has formed a legal advisory group comprising internal and external experts to discuss the legal and regulatory issues surrounding a central bank digital currency.

    Crypto / Digital Assets

    India Considers Next Steps to Regulate Cryptocurrency

    By Editors | 17/06/2020

    Market commentators believe that a recent Supreme Court decision has prompted the government to work towards a new regulatory approach, rather than an outright ban.

    Fintech / Regtech

    FSC Korea to Enhance Regulatory Framework for Crowdfunding

    By Editors | 17/06/2020

    SMEs will be allowed to raise funds through crowdfunding platforms, and the capital raising limit will be raised, among other enhancements to the existing framework.

    AML / KYC

    HKMA Spotlights RegTech Use to Implement AML/CFT Measures

    By Manesh Samtani | 15/06/2020

    The HKMA outlines four regtech use cases that support the effective implementation of AML/CFT measures at Hong Kong banks.

    Fintech / Regtech

    FSC Korea Outlines Key Policy Tasks for H2 2020

    By Editors | 14/06/2020

    The measures include continued support for businesses and individuals, with some focus being diverted back to pre-Covid policy work to support innovation and data-driven initiatives.

    Fintech / Regtech

    Taiwan Fintechs to Gain Access to Canada’s Securities Sandbox

    By Editors | 12/06/2020

    The CSA sandbox allows firms to obtain exemptive relief from securities law requirements to test new products and services in the Canadian market on a time-limited basis.

    Fintech / Regtech

    Korea: Unauthorised Toss Payments Prompt Wider Review of Fintechs

    By Editors | 12/06/2020

    The FSS is considering conducting reviews of some 40 fintech companies after eight unauthorised transactions were detected on Viva Republica’s payments platform Toss.

    AML / KYC

    Chinese Police Freeze 4,000 Bank Accounts in Crypto Probe

    By Editors | 11/06/2020

    Guangdong police have reportedly frozen about 4,000 bank accounts belonging to cryptocurrency traders in a crackdown on illicit activities.

    Fintech / Regtech

    Xiaomi-AMTD Joint Venture Launches Hong Kong Virtual Bank

    By Editors | 11/06/2020

    Airstar Bank commits to becoming “Everyone’s Bank”, contrasting itself with conventional banking models which focus on high net-worth individuals.

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