The FSC is investigating five banks that dealt with the P2P lending platform, which was operated as a Ponzi scheme and stole an estimated $81.6mn from investors.
May 5, 2023Two executives of now-defunct Tuandai.com were convicted for fundraising fraud and illegal collection of public deposits, among other charges.
January 4, 2023A Crowdfunding Affairs Office will be set up to centrally process and coordinate regulatory and administrative matters related to crowdfunding activities.
January 3, 2023The measures include new funding for innovative firms, regulatory relaxations, and improvements to the sandbox programme.
December 15, 2022The FSC will increase opportunities for FIs and fintechs to offer services via integrated apps, while ensuring consumer protections are in place.
August 30, 2022The CBIRC said it will continue to pursue now-closed P2P lending platforms as well as their owners and executives through the court system for losses suffered by investors.
April 30, 2022The SBV has warned of fraud incidents involving e-wallets and asks banks to monitor the use of data by fintechs until the new regulatory framework is in place.
April 17, 2022Indonesia will charge a capital gains tax and VAT on crypto transactions, as well as interest and fees generated from fintech services, starting on 1 May 2022.
April 11, 2022The PBOC cited as examples the measures taken in relation to TMRW Group, Anbang, HNA Group, Baoshang Bank, Bank of Jinzhou and Hengfeng Bank, among others.
March 15, 2022The central bank will coordinating with government departments and agencies to develop a decree to enable the sandbox.
September 21, 2021