FINTECH / REGTECH

    image

    Crypto / Digital Assets

    ASIC Seeks Feedback on Updated Guidance for Digital Assets

    By Thisanka Siripala | 05/12/2024

    ASIC proposes to regulate digital assets like traditional financial products, requiring crypto firms to apply for an AFS licence.

    image

    AML / KYC

    UK FCA Finalises Updates to Financial Crime Guide

    By Editors | 04/12/2024

    The financial crime guide is updated to provide additional guidance on sanctions, proliferation financing, transaction monitoring and cryptoassets.

    image

    Crypto / Digital Assets

    Permissionless Blockchains Can Enhance Traditional Financial Services

    By Editors | 03/12/2024

    European Commission report says public permissionless blockchains represent a promising alternative to permissioned platforms.

    image

    Fintech / Regtech

    DBS, EnterpriseSG, IMDA Launch Programme to Upskill SMEs on GenAI

    By Nithya Subramanian | 03/12/2024

    The programme offers SMEs a “structured, simplified approach” to discover use cases and practical applications of GenAI solutions for their business operations.

    image

    Fintech / Regtech

    India: RBIH Wants Banks to Use AI to Detect Mule Accounts

    By Editors | 03/12/2024

    The Reserve Bank Innovation Hub is reportedly in talks with ten public and private banks about adopting its “Mulehunter.Ai” tool to identify mule accounts.

    image

    Market Infrastructure

    HKMA Issues New Statutory Guideline on Cyber Risk Management

    By Manesh Samtani | 03/12/2024

    The SPM module articulates the HKMA’s policy, overarching principles, and supervisory approach on banks for managing cyber risks.

    image

    Fintech / Regtech

    Australia Passes Law Introducing New Rules for BNPL Services

    By Thisanka Siripala | 02/12/2024

    BNPL providers must adhere to requirements under the the National Consumer Credit Protection Act. ASIC will be tasked with regulating the sector.

    image

    Fintech / Regtech

    FSC Korea Adjusts Criteria for Authorising Internet-only Banks

    By Manesh Samtani | 02/12/2024

    The FSC plans to add a statutory condition under the Banking Act that will allow it to suspend an internet-only bank’s operations if it cannot execute its business plan.

    image

    Sanctions

    Iran Launch of CBDC to Combat Sanctions is ‘Imminent’ – Report

    By Editors | 02/12/2024

    The Central Bank of Iran also recently launched a SWIFT alternative, the “ACU-MIR” system, which is enabling transactions with countries such as India and Pakistan.

    image

    Fintech / Regtech

    UK Launches AI Security Research Lab to Defend Against Cyber Threats

    By Thisanka Siripala | 02/12/2024

    The Lab will seek collaboration with the Five Eyes members to defend against the use of AI for malicious purposes, including attempts by Russia and North Korea.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team