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Fintech / Regtech
OJK Indonesia Bars FIs From Facilitating Crypto Trading
By Editors | 28/01/2022
OJK warns of market fluctuations and other risks, including the existence of crypto investment Ponzi schemes.
AML / KYC
Taiwan FSC Identifies Crypto ATMs Breaching AML Rules
By Editors | 28/01/2022
Of 16 companies that have reported their AML compliance to the FSC, 13 will be required to make corrections.
Fintech / Regtech
Virtual Banking and Consent-based Data Governance
By Manesh Samtani | 27/01/2022
New BIS paper says consent-based data governance systems with low transaction costs are key to promoting the development of virtual banking worldwide.
AML / KYC
Will 2022 Be the Year of NFT Regulation?
By Javier Tamashiro | 27/01/2022
The jury is still out on how the NFT arena will be regulated, but marketplaces should still be applying a baseline standard of compliance practice, says Javier Tamashiro.
Fintech / Regtech
China Launches Data Platform for Wealth Management Sector
By Sanday Chongo Kabange | 27/01/2022
The platform is expected to help wealth management companies expand and enhance their product sales channels – especially the WMC units of smaller-scale banks.
Fintech / Regtech
Open Data: Thailand Launches Digital Bank Statement Service
By Ranamita Chakraborty | 26/01/2022
The ‘dStatement’ service enables consumers to send their bank statement data directly from one bank to another via their mobile banking apps.
Fintech / Regtech
Bank of Korea to Advance CBDC Testing to Second Phase
By Editors | 26/01/2022
In phase two, BOK will test offline payments, remittances to accounts outside Korea, and the use of its CBDC as payment for NFTs.
Big Picture
BIS Paper Offers Guidance on Regulating Tech Firms
By Sanday Chongo Kabange | 26/01/2022
The paper offers guidance for prudential authorities in deciding whether to allow tech firms to enter into banking, and what requirements to impose on them.
AML / KYC
COSMIC Will Yield Significant and Far Reaching Benefits
By Jamil Ahmed | 26/01/2022
Singapore is taking a leap forward in how its financial services industry detects and combats financial crime, says Jamil Ahmed.
Fintech / Regtech
Thailand to Prohibit Use of Digital Assets in Payments
By Manesh Samtani | 26/01/2022
The SEC is consulting on draft rules that will prohibit digital asset businesses from enabling merchants to accept crypto as payment for goods and services.
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