The Digital Accelerator Programme will allow fintech startups to work with professional mentors from asset management firms to create viable solutions for industry challenges.
If the FATF Interpretive Note is adopted, virtual assets and their service providers could fall under the same level of regulatory scrutiny as seen in traditional banking, says ComplyAdvantage.
The National Legislative Assembly has endorsed an amendment that will enable the scripless issuance and tokenisation of primary market securities, as early as this year.
The FSC plans to make banking APIs more open, accessible and cost-efficient so all nonbank fintech players can access Korea's payment network.
The proof of concept project commenced in December 2018 and aims to help reporting entities automate the reporting of international funds transfers to AUSTRAC.
The move is in line with BSP's reform agenda to promote digital innovation and increase availability of safer and more efficient channels for financial services.
Japan's Daiwa Securities Group has announced the completion of a proof of concept studying the effectiveness of using distributed ledger technology in trade matching processes.
In a bid to improve remittance services in the country and promote fintech, Japan plans to ease limits on non-banks providing money transfer services.
Since last June, a crackdown on peer-to-peer lenders by China’s Ministry of Public Security, codenamed 'Fox Hunt', has yielded $1.5bn in seized assets and 62 arrests.
Crypto asset traders and exchanges in Indonesia say the high capital requirements for participating in crypto futures will hinder the development of the sector.