Eligible public companies can raise up to AUD 5 million in funds through equity crowdfunding and will face fewer regulatory requirements for fundraising.
Korea carries out bank inspections, China power cut on Bitcoin miners, Japan scrutinises banks' cryptocurrency activities.
Deputy prime minister says no major AML lapses have been found at Singapore banks when asked about ‘Russian Laundromat’ probe.
FSA's move towards ‘dynamic supervision’ includes scrapping inspection manuals, restructuring governance, internal structure and HR policy.
Exchanges to be recognised by central bank once regulations are in place; draft guidelines on reporting obligations to come into force early 2018.
Tech firms will need to pass an assessment for FSC approval to use the sandbox and gain exemptions from certain regulations.
Although foreign software costs more and regulatory change cannot be adopted instantly, banks prefer them for their functionality and flexibility.
Securities Commission invites proposals from parties interested in participating in regulatory sandbox sessions under its innovation lab.
Industry body recommends increasing the deposit limit for new banking entrants, allowing more time to meet the prudential framework.
More than 110 internet firms subscribe to platform which reveals corporate governance and transaction volume of online loans.