Fintech / Regtech

Crypto / Digital Assets

US Treasury Forms Educational Subgroup on Digital Assets

By Editors | 16/03/2022

The new subgroup will develop educational materials to help consumers make informed decisions about digital assets.

Enforcement

RBI Lifts Restrictions on Digital Product Launches at HDFC

By Editors | 16/03/2022

The restrictions were imposed in 2020 in response to multiple digital outages that impacted customers. HDFC is India’s largest private bank.

Fintech / Regtech

BSP to Initiate Pilot Project to Test CBDC Use Cases

By Sanday Chongo Kabange | 16/03/2022

The BSP is looking to explore the use of CBDC in account-based distribution of cash assistance, as well as in cross-border money transfers.

Fintech / Regtech

S. Korea Elects Pro-Crypto President, Yoon Suk-yeol

By Mark Johnston | 16/03/2022

President-elect Yoon Suk-yeol has promised to overhaul Korea’s regulatory framework for cryptocurrency, and to relax crypto taxation policies.

Fintech / Regtech

Dubai Establishes New Law, Regulator for Crypto Assets

By Mark Johnston | 16/03/2022

The new law comes as crypto firms in the UAE receive streams of requests from sanctioned Russians to liquidate billions of dollars of crypto assets.

Fintech / Regtech

MAS Guidance on Stablecoins Set to Impact Crypto Firms

By Manesh Samtani | 15/03/2022

Stablecoins must be treated as DPTs rather than e-money. A new notice specifies a risk warning that must be provided to all customers of DPT services.

Fintech / Regtech

RBI Launches New Services to Drive Digital Payments Adoption

By Editors | 15/03/2022

UPI-based instant payments can be enabled on some 400 million feature phones in India that do not have an internet connection.

Fintech / Regtech

Hong Kong IA Relaxes Rules on Online Sale of Insurance

By Editors | 15/03/2022

ILAS (investment-linked assurance schemes) can now also be distributed using non-FTF methods, with a fast track authorisation process.

Crypto / Digital Assets

Australia: Senator Calls on Govt to Accelerate Work on Crypto Regulation

By Darien Choong | 15/03/2022

Senator Andrew Bragg said the government should hire experts to permanently work on crypto regulation within a dedicated unit of Treasury.