Fintech / Regtech

AML / KYC

Japan FSA Seeks to Introduce Restrictions on Stablecoin Issuance

By Sanday Chongo Kabange | 09/12/2021

The FSA reportedly seeks to propose legislation to only allow banks and wire transfer companies to issue stablecoins, and to regulate wallet providers.

Crypto / Digital Assets

BIS Concludes wCBDC Experiment with French, Swiss Central Banks

By Editors | 08/12/2021

Under Project Jura, tokenised assets and foreign exchange transactions were settled safely and efficiently using PvP and DvP mechanisms, the BIS said.

Fintech / Regtech

BSP Urges Rural Banks to Promote Financial Inclusion Through Tech

By Mark Johnston | 07/12/2021

As of end-June 2021, there were over 3,000 rural banks nationwide. However, only 21 of them offer PESONet and 11 offer InstaPay for electronic fund transfer services.

Fintech / Regtech

DeFi Governance Structures Provide Entry Points for Regulators: BIS

By Manesh Samtani | 07/12/2021

DeFi’s inherent governance structures would provide “natural entry points” for authorities to address issues related to financial stability, investor protection and illicit activities.

Fintech / Regtech

IOSCO Offers Guidance on Developing Innovation Facilitators

By Editors | 07/12/2021

IOSCO sets out key considerations for regulators who are looking to establish innovation hubs, regulatory sandboxes, and regulatory accelerators.

Crypto / Digital Assets

Mapping Out How Decentralised Exchanges Can be Regulated

By Kristi Swartz | 07/12/2021

An appropriate regulatory regime that safeguards investors and fosters innovation will allow society to benefit from DEXs and DeFi generally, says DLA Piper’s Kristi Swartz.

Fintech / Regtech

Thai SEC to Require Crypto Wallet Providers to be Licensed

By Editors | 06/12/2021

Custody and wallet providers required to obtain information identifying the account owners of wallets. New guidelines coming on the use of crypto in payments.

Fintech / Regtech

Philippine SEC Seeks Funding Boost to Support Digital Transformation

By Mark Johnston | 06/12/2021

The SEC is seeking PHP 2.6 billion over a five year period to implement sweeping digital transformation initiatives, including to upgrade existing systems.

Fintech / Regtech

OJK Launches Five Year Roadmap for Rural Bank Development

By Mark Johnston | 06/12/2021

Indonesia’s OJK has launched a five year development roadmap for the country’s rural banks and Sharia rural banks.