Fintech / Regtech

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.

Fintech / Regtech

APRA to Set Out Expectations for FIs Dealing in Digital Assets

By Editors | 11/04/2022

APRA will not be introducing new regulatory requirements for FIs or attempting to hinder innovation. Rather, it will be asking them to closely assess and monitor new operational risks.

Crypto / Digital Assets

Indonesia to Start Taxing Crypto Investments, Fintech Services in May

By Editors | 10/04/2022

Indonesia will charge a capital gains tax and VAT on crypto transactions, as well as interest and fees generated from fintech services, starting on 1 May 2022.

Enforcement

ASIC Charges Firm for Offering Crypto Loans Without Credit Licence

By Sanday Chongo Kabange | 09/04/2022

ASIC has charged Helio Lending for falsely representing that it had a credit licence that allowed it to offer cryptocurrency-backed loans.

Fintech / Regtech

JPX to Provide Free Market Data to Retail Investors

By Sanday Chongo Kabange | 09/04/2022

JPX plans to launch a beta version of an API for retail investors under its ‘J-Quants’ project, and is inviting early adopters to apply for early access.

Fintech / Regtech

European Commission Launches Targeted Consultation on Digital Euro

By Editors | 07/04/2022

The consultation seeks views on the application of AML/CFT rules, privacy and data protection, and financial stability impacts, among other areas.