FINTECH / REGTECH

    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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