Fintech / Regtech

    Fintech / Regtech

    Singapore Continues Work to Bolster Digital Banking Security

    By Darien Choong | 18/02/2022

    New measures include expanding the use of biometric technology, strengthening fraud surveillance and detection algorithms, and enabling customers to trigger account freezes.

    AML / KYC

    18 Crypto Exchanges Jointly Launch Travel Rule Solution

    By Editors | 18/02/2022

    The firms include BitGo, bitFlyer, Bittrex, BlockFi, Circle, Coinbase, Fidelity Digital Assets, Gemini, Kraken, and Robinhood, among others.

    AML / KYC

    Bangladesh Revises Rules on Mobile Financial Services

    By Sanday Chongo Kabange | 17/02/2022

    The revised regulations allow financial institutions other than banks, as well as government entities, to provide mobile financial services.

    Fintech / Regtech

    Indonesia Advances Local Currency Use in Cross-border Settlement

    By Editors | 17/02/2022

    Domestic banks will be able to access other Asian currencies via cross-currency repo and other collateralised transactions with Bank Indonesia.

    Fintech / Regtech

    NFTs Are Not Suitable for Retail Investors, MAS Chairman Warns

    By Manesh Samtani | 17/02/2022

    MAS chairman Tharman Shanmugaratnam said NFTs could be regulated only if they are used to represent capital markets products.

    Fintech / Regtech

    Applications Open for ‘Data Specialising Institutions’ Designation: FSS

    By Sanday Chongo Kabange | 16/02/2022

    Data specialising institutions are allowed to converge anonymised and pseudonymised data originating from different businesses for analytics purposes.

    Crypto / Digital Assets

    BOT Intervenes to Facilitate PayPal Transition to Local Service

    By Darien Choong | 16/02/2022

    PayPal has to relaunch services in Thailand to comply with new tax reporting rules and local AML regulations.

    Fintech / Regtech

    Crypto-related Financial Stability Risks are Increasing: FSB

    By Manesh Samtani | 16/02/2022

    Crypto-related financial stability risks could “rapidly escalate”, underscoring the need for “timely and pre-emptive” evaluation of possible policy responses.

    Fintech / Regtech

    Australia Commences Review of Consumer Data Right

    By Editors | 16/02/2022

    The review will explore the extent to which implementation of the CDR drives value for consumers, increases competition, and drives innovation in data services.

    Fintech / Regtech

    Thai SEC Proposes New Rules on Crypto-related Advertising

    By Manesh Samtani | 15/02/2022

    Advertisements related to cryptocurrencies in public areas will be prohibited, but advertising of services “can still be carried out normally”.

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