Fintech / Regtech

    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.

    Fintech / Regtech

    Bangladesh Bank Commences Work on Digital Bank Framework

    By Editors | 12/04/2022

    The new regulatory guidelines will require digital banks to hold the same levels of capital as conventional banks.

    Fintech / Regtech

    Singapore Crypto Firms Offered Clarity on Advertising Ban

    By Darien Choong | 12/04/2022

    Industry bodies have formed a task force to draft a code of practice to address issues around marketing and advertising of crypto services, as suggested by MAS.

    Crypto / Digital Assets

    Shinhan Bank to Pilot Crypto Service for Corporate Clients

    By Editors | 12/04/2022

    Shinhan, through its partner exchange Korbit, will become the first Korean bank to allow businesses to invest in cryptocurrencies.

    Fintech / Regtech

    RBI Issues Guidelines on Establishing Digital Banking Units

    By Ranamita Chakraborty | 11/04/2022

    Commercial banks with past digital banking experience can open new digital banking units without having to seek authorisation from the RBI.

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