Fintech / Regtech

Fintech / Regtech

HKMA Issues Additional Guidance for SVF Licensees

By Editors | 28/03/2022

New practice note offers guidance on governance, outsourcing, internal controls, technology risk, and business conduct, among other areas.

Fintech / Regtech

RBI Establishes Innovation Hub to Promote Fintech Innovation

By Editors | 27/03/2022

RBI governor Shaktikanta Das said the underlying focus of the innovation hub will be to promote inclusive access to financial services and products.

Capital / Liquidity

BOT to Cap Bank Investment in Digital Asset Businesses

By Editors | 27/03/2022

Thai banks will be allowed to invest up to 3 percent of capital in digital asset businesses. Such investment must also be ring-fenced from core banking operations.

Fintech / Regtech

OECD Proposes Tax Reporting Framework for Crypto-assets

By Editors | 27/03/2022

The framework would require intermediaries to identify their customers and their tax jurisdictions, and then report their aggregate transaction values annually.

Fintech / Regtech

Guangzhou to Pilot Regulatory Sandbox for Capital Markets

By Editors | 26/03/2022

Applications from capital markets firms looking to participate in the fintech regulatory sandbox are being accepted until 15 April 2022.

Fintech / Regtech

IOSCO Forms New Task Force Targeting DeFi Regulation

By Manesh Samtani | 26/03/2022

The task force, chaired by MAS assistant managing director Tuang Lee Lim, will help coordinate policy action to address the risks in DeFi.

AML / KYC

FSC Korea Starts Enforcing Travel Rule in Crypto Industry

By Editors | 24/03/2022

Starting today, VASPs can be subject to cautions, warnings or corrective orders if violations of travel rule requirements are found.

Crypto / Digital Assets

FSB Calls for Academic Papers Covering Crypto, DeFi Risks

By Editors | 24/03/2022

The FSB is inviting authours to submit papers analysing the structures and evolving linkages between crypto-asset markets for an upcoming plenary session.

Fintech / Regtech

Malaysian Minister Rules Out Possibility of Bitcoin as Legal Tender

By Editors | 24/03/2022

Malaysia’s deputy finance minister said cryptocurrencies are not suitable for use in payments. Earlier this week another minister called for the government to adopt crypto as legal tender.