Fintech / Regtech

The Australian Payments Council is inviting comments to review it 2015 Australian Payments Plan aimed at supporting digital payments.

The SET plans to apply for a licence to operate a new digital asset exchange, to be set up in collaboration with its members.

Crypto exchange operators are prohibited from accepting new clients and ongoing ICO projects must return all client funds, until the securities regulator is ready to formally authorise their activities.

Launched at the Asian Financial Forum in Hong Kong, the new network aims to boost regional collaboration and cross-border innovation.

More than 200 regulations under review to reduce barriers to fintech investment; Regulatory sandbox set for April launch.

JETCO launches the city's first Open API exchange; New Accenture survey indicates willingness of Hong Kong consumers to share personal financial information with third parties.

Online financial institutions including those engaged in online lending, equity crowdfunding, fund sales and consumer finance are required to register on the platform by 31 January.

In the last year, HSBC has processed more than 3 million internal FX transactions worth over $250bn using the blockchain-based FX settlement platform.

Companies will be required to verify user data based on national IDs and phone numbers, effectively removing the anonymity of blockchainin the country.

Only 7 of 21 crypto exchanges in South Korea passed the government's security audit; the rest are "vulnerable to hacking attacks at all times."