Fintech / Regtech

ICO issuers and digital asset exchanges will be regulated by the Securities Commission and subject to AML/CTF guidelines, as well as BNM laws and regulations relating to payments.

G20 nations have signed a joint declaration calling for regulation of crypto assets to combat money laundering and terrorist financing.

Rather than disintermediating centralised market infrastructure, DLT is being used to support centralised ecosystems, says Matthew Chan.

By moving to a blockchain platform, Calastone seeks to address the high cost of funds distribution and operational risk resulting from manual processes, older systems and legacy technology.

The HKMA and privacy commissioner have demanded security improvements after reporters were able to access top officials' credit reports through TransUnion's online service.

The outcome of B2C2 v. Quoine could inform regulators’ considerations on the next set of rules for crypto exchanges, which in time may provide greater clarity for investors.

A new report by Singapore's AML/CFT Industry Partnership identifies key weaknesses of current approaches that can be addressed with data analytics and greater industry collaboration.

New regulations will make it easier for financial institutions to lend to SMEs and adopt new technologies, while also reducing burdensome approval processes.

SGX RegCo chief Boon Gin Tan offers clarity around the regulatory obligations of listed companies that may choose to offer ICOs as a way to finance business growth.

The central banks of Singapore, Canada and England jointly released a report discussing emerging opportunities for digital transformation in cross-border payments.