Fintech / Regtech

Fintech / Regtech

US DOJ Appoints First Director of National Crypto Enforcement Team

By Editors | 20/02/2022

The FBI has meanwhile created a new “Virtual Asset Exploitation Unit”, which will provide analysis, support, training and new tools to stay ahead of future crypto-related threats.

Enforcement

UK HMRC Seizes Three NFTs in Fraud Investigation

By Editors | 20/02/2022

Three people were arrested on suspicion of attempting to defraud HMRC using 250 fake companies. This is the first time a UK agency has seized NFTs.

Fintech / Regtech

NYSE Seeks Trademark Licences for Digital Marketplace

By Sanday Chongo Kabange | 18/02/2022

A filing with the US Patent and Trademark Office suggests the NYSE may be planning to launch an NFT marketplace as well as its own cryptocurrency.

Fintech / Regtech

Singapore Continues Work to Bolster Digital Banking Security

By Darien Choong | 18/02/2022

New measures include expanding the use of biometric technology, strengthening fraud surveillance and detection algorithms, and enabling customers to trigger account freezes.

AML / KYC

18 Crypto Exchanges Jointly Launch Travel Rule Solution

By Editors | 18/02/2022

The firms include BitGo, bitFlyer, Bittrex, BlockFi, Circle, Coinbase, Fidelity Digital Assets, Gemini, Kraken, and Robinhood, among others.

AML / KYC

Bangladesh Revises Rules on Mobile Financial Services

By Sanday Chongo Kabange | 17/02/2022

The revised regulations allow financial institutions other than banks, as well as government entities, to provide mobile financial services.

Fintech / Regtech

Indonesia Advances Local Currency Use in Cross-border Settlement

By Editors | 17/02/2022

Domestic banks will be able to access other Asian currencies via cross-currency repo and other collateralised transactions with Bank Indonesia.

Fintech / Regtech

NFTs Are Not Suitable for Retail Investors, MAS Chairman Warns

By Manesh Samtani | 17/02/2022

MAS chairman Tharman Shanmugaratnam said NFTs could be regulated only if they are used to represent capital markets products.

Fintech / Regtech

Applications Open for ‘Data Specialising Institutions’ Designation: FSS

By Sanday Chongo Kabange | 16/02/2022

Data specialising institutions are allowed to converge anonymised and pseudonymised data originating from different businesses for analytics purposes.