All posts tagged "P2P"
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471AML / KYCFATF Issues Final Updated Guidance on Virtual Assets, VASPs
The guidance offers clarification on the definition of VASPs, and explains how the FATF standards apply to stablecoins, P2P transactions, NFTs and DeFi.
October 29, 2021 -
161ChinaExperts Debate Treatment of Retail Investors in HNA Restructuring
Debt claims exceeding CNY 30 billion were mainly filed by HNA employees and their relatives who purchased wealth management products from three HNA-backed P2P platforms.
July 22, 2021 -
406AML / KYCFATF Urges Faster Implementation of Travel Rule in Crypto Sector
Slow implementation of travel rule requirements is acting as a disincentive to VASPs to invest in the necessary technology and compliance infrastructure.
July 6, 2021 -
304AML / KYCPBOC Directs Banks & Alipay to Stamp Out Crypto Activity
Financial institutions are asked to identify the capital accounts of crypto exchanges and OTC dealers, and cut off their payment channels.
June 23, 2021 -
215InternationalFSB Proposes Global Targets for Enhancing Cross-border Payments
The FSB proposes quantitative targets for improving cost, speed, transparency and access for cross-border wholesale payments, retail payments and remittances.
June 2, 2021 -
233ChinaCBIRC Punishes Staff for Violating Personal Investment Rules
The regulator found that 429 individuals engaged in prohibited financial activity involving CNY 160 million and has taken action in 106 cases so far.
February 16, 2021 -
955Asia-PacificBSP Seeks Interoperability, Unified Standard in Payments
BSP governor Benjamin Diokno envisions that payment facilities operated by individual banks and payment firms will operate under a single standard.
November 21, 2020 -
1.9KAsia-PacificCambodia Launches Central Bank Backed Digital Currency
The digital currency, known as Bakong, allows users to transfer money using a mobile app by scanning QR codes or inputting the recipient's phone number.
October 29, 2020 -
1.1KFintech / RegtechMalaysian MSMEs Cross MYR 1bn Crowdfunding Mark
The SC highlighted a "considerable increase" in investor participation in markets via digital investment managers, ECF and P2P platforms, digital asset exchanges and online brokers.
October 7, 2020 -
1.7KChinaChina’s P2P Crackdown Leaves Just 29 Operators in Business
Savers who invested in the thousands of now-defunct P2P platforms over the last several years have not yet managed to recover their funds.
August 18, 2020
