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Market Abuse
South Korea to Introduce AI Market Monitor
By Samuel Riding | 26/01/2018
Korea Exchange says it will introduce AI system in July; could later expand to cover its secondary market, KOSDAQ.
KYC & CDD
Crypto Exchanges Back on Track in S.Korea with New Account Guidelines
By Manesh Samtani | 25/01/2018
Guidelines cover dealings with exchanges, preventing money-laundering, aiding taxation; exchanges to be fined for privacy issues; payments to overseas exchanges blocked.
Structural Regulation
Taiwan Regulator Eyes Digital-Only Bank Regime
By Editors | 24/01/2018
Head of Financial Supervisory Commission says to produce feasibility study this year; visit South Korea and Japan to investigate internet-only banking concept.
Fraud, Scams & Cybercrime
ASIC Seeks Stronger Powers to Combat Cybercrime
By Manesh Samtani | 23/01/2018
Parliamentary submission suggests reforms allowing ASIC to assume identities on the dark web, share phone data with foreign regulators, seize electronic devices.
KYC & CDD
Chinese Banks Told to Develop e-KYC, Facial Recognition
By Samuel Riding | 22/01/2018
PBOC notice says e-KYC can help better serve real economy; SME account applications should be audited within two days of receipt.
Cloud & Infrastructure
HKMA Proposes Open APIs for Financial Services
By Editors | 15/01/2018
Consultation suggests it could take just six months for banks to develop APIs including their product and service information.
Structural Regulation
Australia Licences Seven Crowd-Funding Intermediaries
By Editors | 14/01/2018
Eligible public companies can raise up to AUD 5 million in funds through equity crowdfunding and will face fewer regulatory requirements for fundraising.
Structural Regulation
Beware Regulatory Fragmentation in 2018 – Deloitte
By Samuel Riding | 11/01/2018
Trend towards more isolated policymaking will challenge the implementation of financial regulations on a worldwide basis.
Cybersecurity
India’s Biometric Identity Database Vulnerable to Cyber Attacks: RBI Research
By Garima Chitkara | 11/01/2018
Aadhaar throwing up issues around data security even as financial benefits of the nation-wide biometric identification system are unclear.
Cloud & Infrastructure
Taiwan Passes Regulatory Sandbox Law
By Garima Chitkara | 05/01/2018
Tech firms will need to pass an assessment for FSC approval to use the sandbox and gain exemptions from certain regulations.
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