FINTECH / REGTECH

Fintech / Regtech

China: Fintech Giants Pledge to Support Digital Yuan Push

By Sanday Chongo Kabange | 28/04/2021

Ant Group, Tencent, Huawei and JD.com have revealed that they were involved in the development and testing of the digital yuan.

Fintech / Regtech

Australia: Tax Reforms Proposed to Support Financial Hub Ambitions

By Ranamita Chakraborty | 27/04/2021

Under Senator Andrew Bragg’s proposal, technology and finance business that relocate to Australia would pay concessional tax rate for seven years.

Crypto / Digital Assets

Blockchain Groups Form New ASEAN Consortium to Drive Adoption

By Editors | 27/04/2021

Members include blockchain associations in Singapore, Indonesia, the Philippines, Malaysia, Thailand and Australia.

Fintech / Regtech

DBS Goes Live on Trade Finance Network Contour

By Editors | 27/04/2021

Digital LC capabilities will be offered in Australia, China, Hong Kong and Singapore via Contour from this month.

Fintech / Regtech

MAS Calls on Governments to Advance Digital Infrastructure

By Sanday Chongo Kabange | 27/04/2021

MAS will seek to build a consortium of countries to explore the potential of digital infrastructure for cross-border use.

Fintech / Regtech

Taiwan FSC Directs LINE Bank to Conduct Stress Tests

By Editors | 26/04/2021

LINE Bank services crashed on Thursday due to “system overload” just as it launched new digital banking services.

AML / KYC

HKMA Offers Guidance on Combatting Covid-19 Related Fraud, AML

By Manesh Samtani | 26/04/2021

The guidance emphasises the use of data from internal and external sources, proactive data analysis and information sharing to tackle emerging AML risks.

Crypto / Digital Assets

US House Passes Bill to Foster Innovation in Digital Assets

By Editors | 25/04/2021

The bill will require the SEC and CFTC to establish a digital asset working group to ensure collaboration between regulators and the private sector on digital assets.

Crypto / Digital Assets

UK Taskforce Publishes Digital Dispute Resolution Rules

By Sanday Chongo Kabange | 25/04/2021

The rules allow parties to digital transactions to quickly resolve disputes through arbitration, where decisions are implemented within smart contracts.