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, 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, 2021The Korea Financial Telecommunications and Clearings Institute will start operating a central registry for P2P transaction data from 1 May 2021.
October 26, 2020Under the law, P2P lenders must meet new capital requirements and be registered with the FSC. Consumer protection is also enhanced.
August 27, 2020Private 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, 2020The 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, 2020The BOT will seek to use sandbox testing to ensure P2P lending platform providers adopted appropriate risk management and user protection practices.
June 9, 2020