Fintech / Regtech

    Fintech / Regtech

    BOJ Offers Clues on Path Forward for CBDC Issuance

    By Manesh Samtani | 15/04/2022

    The BOJ has commenced phase two testing on a CBDC. Later this fiscal year, it plans to seek input from the public on how a CBDC might benefit businesses and the overall payments landscape.

    Fintech / Regtech

    FSC Korea Bolsters Consumer Safeguards in MyData Licensing System

    By Editors | 14/04/2022

    The FSC will prohibit MyData services providers from buying and selling consumer data, and start conducting post-licensing inspections to ensure adequate protections are in place.

    Fintech / Regtech

    Philippine SEC Welcomes New Measures to Combat Illegal Loan Apps

    By Editors | 14/04/2022

    Starting 11 May, the Google Play Store will introduce a new screening process for personal loan apps targeting users in the Philippines.

    Fintech / Regtech

    PwC Publishes 2022 Rankings of Global Retail, Wholesale CBDCs

    By Sanday Chongo Kabange | 14/04/2022

    The highest ranking retail CBDC projects were from Nigeria, the Bahamas, and China. The highest ranking wholesale CBDC projects were from Thailand, Hong Kong and Singapore.

    Enforcement

    Taiwan FSC Fines Cathay United Bank Over ATM Disruptions

    By Darien Choong | 14/04/2022

    The bank was fined, temporarily barred from setting up new ATMs, and required to increase its operational risk capital by 30 June.

    Crypto / Digital Assets

    Nasdaq Publishes Guide on Global Crypto Regulation

    By Editors | 14/04/2022

    Nasdaq has published a summary of laws and regulations governing the trading of crypto assets around the world.

    Fintech / Regtech

    DTCC to Explore Use of CBDC in Clearing and Settlement

    By Sanday Chongo Kabange | 14/04/2022

    Project Lithium will explore how a CBDC can reduce counterparty risk and trapped liquidity, increase capital efficiency and enable atomic settlement.

    Fintech / Regtech

    Australia, Singapore to Deepen Collaboration via ‘FinTech Bridge’

    By Editors | 13/04/2022

    The bilateral FinTech Bridge will enable stronger cooperation and collaboration on policy and regulation to better support the cross-border growth of the fintech industry.

    AML / KYC

    AUSTRAC Offers Update on Work to Enhance Reporting System

    By Editors | 13/04/2022

    The IFTI-E schema version 2.0 will be finalised in the next few months. This will be used to enable the upload of IFTI-E reports through a new API and user interface.

    AML / KYC

    Crypto Firms and Sanctions: Five Tools for Compliance

    By Manesh Samtani | 12/04/2022

    Sanctions screening starts with effective KYC, says Refinitiv’s Neil Vaz, pointing to five “universal tools” crypto firms need to ensure compliance.

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