Fintech / Regtech

Fintech / Regtech

RBI Directs Selected NBFCs to Centralise Core Systems

By Sanday Chongo Kabange | 28/02/2022

Middle and upper layer NBFCs with ten or more places of operation will be required to implement a core financial services solution by 30 September 2025.

AML / KYC

Taiwan Police, FIs to Establish Anti-Fraud Information Sharing Platform

By Editors | 28/02/2022

The National Police Agency and financial institutions will jointly establish a new platform that will allow real-time information exchange for use in combatting fraud.

AML / KYC

The SFC Approach to Virtual Assets Prioritises Investor Protection

By Manesh Samtani | 28/02/2022

Since 2018, the steps taken by the SFC to regulate the virtual asset space have prioritised investor protection, first and foremost.

Fintech / Regtech

JPX Acquires Stake in Mitsui-Backed Crypto Exchange

By Editors | 28/02/2022

JPX says the investment will help it strengthen its relationship with the issuer of ZipangCoin, a new digital currency pegged to the price of gold.

AML / KYC

PBOC Allows Merchants to Continue Using Personal QR Codes

By Sanday Chongo Kabange | 27/02/2022

Rules issued last October were about to take effect that would have prohibited merchants from using personal QR codes to receive payments from 1 March.

Fintech / Regtech

ICE Makes ‘Strategic Investment’ in Digital Securities Platform tZero

By Editors | 24/02/2022

tZERO operates a digital marketplace for unique private assets, public equities, cryptocurrencies, and other digital assets, including NFTs.

Crypto / Digital Assets

Russia Considers Framework for Regulating Cryptocurrencies

By Sanday Chongo Kabange | 24/02/2022

The draft proposes requirements for VASPs relating to corporate governance, tax reporting, data storage, internal controls, risk management, client identification/KYC and segregation of assets.

Fintech / Regtech

KB Asset Management Unveils Plans to Launch Crypto Funds

By Editors | 24/02/2022

KB Asset Management is working towards launching a crypto ETF, a crypto-themed equity fund, and potentially a hybrid fund that includes crypto exposure.

Fintech / Regtech

Korean Think Tank Classifies Some NFTs as Virtual Assets

By Editors | 23/02/2022

NFTs used in games and for payments can satisfy the definition of virtual assets and may be subject to AML obligations, the Korea Institute of Finance said.