ADVERTISEMENT
Enforcement
RBI Lifts Restrictions on Digital Product Launches at HDFC
By Editors | 16/03/2022
The restrictions were imposed in 2020 in response to multiple digital outages that impacted customers. HDFC is India’s largest private bank.
Fintech / Regtech
BSP to Initiate Pilot Project to Test CBDC Use Cases
By Sanday Chongo Kabange | 16/03/2022
The BSP is looking to explore the use of CBDC in account-based distribution of cash assistance, as well as in cross-border money transfers.
Fintech / Regtech
S. Korea Elects Pro-Crypto President, Yoon Suk-yeol
By Mark Johnston | 16/03/2022
President-elect Yoon Suk-yeol has promised to overhaul Korea’s regulatory framework for cryptocurrency, and to relax crypto taxation policies.
Fintech / Regtech
Dubai Establishes New Law, Regulator for Crypto Assets
By Mark Johnston | 16/03/2022
The new law comes as crypto firms in the UAE receive streams of requests from sanctioned Russians to liquidate billions of dollars of crypto assets.
Fintech / Regtech
MAS Guidance on Stablecoins Set to Impact Crypto Firms
By Manesh Samtani | 15/03/2022
Stablecoins must be treated as DPTs rather than e-money. A new notice specifies a risk warning that must be provided to all customers of DPT services.
Fintech / Regtech
RBI Launches New Services to Drive Digital Payments Adoption
By Editors | 15/03/2022
UPI-based instant payments can be enabled on some 400 million feature phones in India that do not have an internet connection.
Fintech / Regtech
Hong Kong IA Relaxes Rules on Online Sale of Insurance
By Editors | 15/03/2022
ILAS (investment-linked assurance schemes) can now also be distributed using non-FTF methods, with a fast track authorisation process.
Crypto / Digital Assets
Australia: Senator Calls on Govt to Accelerate Work on Crypto Regulation
By Darien Choong | 15/03/2022
Senator Andrew Bragg said the government should hire experts to permanently work on crypto regulation within a dedicated unit of Treasury.
Fintech / Regtech
BSP Revises Regulatory Framework for E-money Issuers
By Mark Johnston | 15/03/2022
E-money can refer to monetary value “electronically stored in an instrument or device” – including cash cards, prepaid cards, stored value cards or digital wallets.
Fintech / Regtech
Thailand to Offer Tax Exemptions on Crypto Trades
By Editors | 14/03/2022
Traders will be allowed to offset annual losses against crypto gains for taxes purposes. Crypto trades will also be exempt from a 7 percent VAT.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.