Fintech / Regtech

Non-Resident Indians Allowed to Make UPI Transfers

By Editors | 17/01/2023

NPCI said NRIs in ten jurisdictions can use the UPI platform to digitally transfer funds, using their international mobile numbers.

Crypto / Digital Assets

Thai Stock Exchange Unveils Three Year Strategic Plan

By Sanday Chongo Kabange | 16/01/2023

The strategic plan focuses on creating more opportunities for businesses and investors and ensuring the SET can accommodate capital market growth.

Fintech / Regtech

Korea to Start Charging for Use of Open Banking Platform

By Editors | 16/01/2023

The FSS will develop billing standards and retroactively calculate fees MyData service providers will have to pay in 2024 for their usage in 2023.

Crypto / Digital Assets

UK to Launch Digital Currency Consultations in Coming Weeks

By Mark Johnston | 15/01/2023

One consultation will cover the attributes of a digital pound. The other will cover the UK’s approach to regulating crypto and DeFi.

Fintech / Regtech

Thailand Proposes Licensing Framework for Virtual Banks

By Sanday Chongo Kabange | 13/01/2023

Foreign shareholders can own up to 25% of a virtual bank. A BOT waiver raises this to a 49% limit. Three licences will be granted next year.

AML / KYC

ESMA Recommends Use of DTI Codes for DLT Pilot Regime

By Manesh Samtani | 12/01/2023

The DTI Foundation, a division of Etrading Software, has so far issued ISO-standard DTI codes for over a thousand of the most commonly traded digital assets.

ESG / Sustainability

Thai SEC Signs New Financial Services MoU with UK

By Editors | 11/01/2023

The MoU will focus on developing the FinTech sector, promoting sustainable finance, and increasing awareness of sustainable investment in Thailand and other ASEAN countries.

Fintech / Regtech

PayNow-UPI Linkage is Ready for Launch: MAS Official

By Editors | 11/01/2023

MAS chief fintech officer Sopnendu Mohanty said the integration of the two payment networks is “ready and waiting for launch”.

Fintech / Regtech

China’s Crackdown on the Tech Sector Nears Conclusion

By Sanday Chongo Kabange | 10/01/2023

Top regulator Guo Shuqing said supervision of internet platform companies will normalise. Jack Ma has meanwhile ceded control of Ant Group.

Fintech / Regtech

Hong Kong’s Regulatory Landscape for Data and Technology Risk

By Albert Yuen | 09/01/2023

Albert Yuen and Jasmine Yung at Linklaters discuss Hong Kong’s regulatory approach to technology risk and data security.

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