All posts tagged "P2P lending"
-
341ChinaCBIRC Works to Resolve Unpaid Balances from P2P Crackdown
The 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, 2022 -
795Asia-PacificVietnam Rushes to Finalise Regulatory Framework for Fintech Activities
The 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, 2022 -
668Asia-PacificIndonesia to Start Taxing Crypto Investments, Fintech Services in May
Indonesia 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, 2022 -
330ChinaPBOC Outlines Achievements to Resolve Financial Risks
The 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, 2022 -
516Asia-Pacific
Vietnam to Create Fintech Sandbox for Banking Sector
The central bank will coordinating with government departments and agencies to develop a decree to enable the sandbox.
September 21, 2021 -
1.4KFintech / RegtechFSC Korea Designates KFTC to Manage P2P Financing Data
The Korea Financial Telecommunications and Clearings Institute will start operating a central registry for P2P transaction data from 1 May 2021.
October 26, 2020 -
1.5KFintech / RegtechNew P2P Lending Legislation Takes Effect in Korea
Under the law, P2P lenders must meet new capital requirements and be registered with the FSC. Consumer protection is also enhanced.
August 27, 2020 -
882Capital / LiquidityChina: Top Court Cuts Private Lending Rates Nationwide
Private lenders can charge a maximum four times the one-year loan prime rate. Based on the current rate, the maximum lending rate is 15.4%, compared to 24% previously.
August 24, 2020 -
1.5KFintech / Regtech
FSC Korea Revises Guidelines for P2P Lending Firms
The key changes will strengthen disclosure rules, prohibit unfair sales activities, restrict sales of high-risk investment products, and impose limits on loans and investments.
July 21, 2020 -
1.1KAsia-PacificBOT Launches Regulatory Sandbox for P2P Lending Platforms
The BOT will seek to use sandbox testing to ensure P2P lending platform providers adopted appropriate risk management and user protection practices.
June 9, 2020
