All posts tagged "P2P"
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421ChinaChina Freezes $1.5bn in Assets, Arrests 62 in P2P Purge
Since last June, a crackdown on peer-to-peer lenders by China’s Ministry of Public Security, codenamed 'Fox Hunt', has yielded $1.5bn in seized assets and 62 arrests.
February 20, 2019 -
377Fintech / RegtechS Korea Proposes New Legal Framework for P2P Sector
South Korea’s booming P2P lending market is in need of new legislation to enhance protections for investors and borrowers, says FSC chairman Choi Jongku.
February 13, 2019 -
289AML / KYCChinese Supreme Court Directs Police on Illegal Fundraising Crackdown
Police officers found to be negligent in enforcing against illegal fundraising through online channels could face criminal charges.
January 31, 2019 -
487MalaysiaSingapore’s UOB Completes Cross-Border P2P Payments in Real Time
In a demo at Singapore FinTech Festival, multiple funds transfers were conducted between a UOB Singapore account and a UOB Thailand account in real time via the bank's mobile app.
November 16, 2018 -
410Asia-PacificMalaysia Budget 2019 Targets Tech in Capital Market Measures
Measures include new regulatory framework for cryptocurrencies, and a new fund to be invested via ECF and P2P platforms alongside private investors, among others.
November 5, 2018 -
360Fintech / RegtechJapanese Banks Trial Blockchain-based Settlement for Small Transactions
Nine banks will use Fujitsu technology to test the ability of a custom digital currency to achieve low-cost performance of real-time gross settlement for small-scale transactions.
October 31, 2018 -
846Contributed ArticleThe Future of Equity Crowdfunding in Hong Kong
Equity crowdfunding may not have specific regulations in Hong Kong, but it is potentially subject to restrictions and barriers to entry under existing rules. Yet, there is room to work alongside regulators to develop and test new products in this...
August 29, 2018 -
246China
China Seeks ‘Bad Bank’ AMCs’ Help to Resolve P2P Crisis
The government is asking the 4 state-owned asset managers set up in 1999 to repair bank balance sheets for help with custody, liquidation and restructuring of P2P assets.
August 20, 2018 -
402Fintech / RegtechBanks Need Regulatory Defence Against Tech Firms
The Facebook controversy around user data hasn’t discouraged it from advancing its ambitions in financial services like payment and remittance processing.
August 16, 2018 -
274ChinaChina Regulators Release First Half Enforcement Stats
During H1 2018, CBIRC fined 798 banks and banned 175 banker as part of its crackdown on risk; meanwhile, CSRC launched 307 investigations and initiated 108 new cases.
July 27, 2018
