Following the collapse of P2P platform Tuandai.com in March, Chinese authorities have arrested 41 people connected to the platform, including its owners.
May 2, 2019South Korea’s financial regulator has announced the first nine fintech services that it will allow to operate in its regulatory sandbox.
April 18, 2019Only 100 P2P lending platforms are expected to qualify for new licences under the new registration system set to be introduced later this year.
April 18, 2019The databases of more than 600 are now connected to Baihang Credit, China’s first market-based personal credit agency, according to PBOC deputy governor Chen Yulu.
March 13, 2019Since 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, 2019South 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, 2019Police officers found to be negligent in enforcing against illegal fundraising through online channels could face criminal charges.
January 31, 2019In 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, 2018Measures 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, 2018Nine 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