Fintech / Regtech

Thailand Finalises Tax Policy for Income from Crypto Trading

By Editors | 02/02/2022

Individuals will have to include profits from cryptocurrency trading as assessable income when filing personal income tax returns.

Capital / Liquidity

APRA Commences Initiative to Modernise Prudential Architecture

By Editors | 02/02/2022

APRA says there will be a need for innovation in regulation and new rules, including to address how crypto-assets are treated for prudential purposes.

Fintech / Regtech

Evolving AI Risks and Regulations in Singapore and the EU

By Peiying Chua | 31/01/2022

Peiying Chua explains how financial institutions can ensure their implementation of AI does not run afoul of lawmakers and regulators.

AML / KYC

HKMA, SFC Allow Intermediaries to Offer Crypto Services

By Manesh Samtani | 31/01/2022

Authorised institutions and licensed corporations wishing to offer virtual asset dealing services can do so only by partnering with SFC-licensed trading platforms.

Fintech / Regtech

CBIRC Asks Banks, Insurers to Prioritise Digital Transformation

By Editors | 31/01/2022

New guidance urges banks and insurers to “vigorously promote” digital financial services and further develop their data and technology capabilities.

Fintech / Regtech

Korea FSS Amends Rules to Facilitate Lending by Internet-only Banks

By Sanday Chongo Kabange | 30/01/2022

Internet-only banks will be allowed to use a lower weight for existing household loans when calculating calculating loan-to-deposit ratios.

AML / KYC

Europol Outlines Different Ways Criminals Use Cryptocurrency

By Sanday Chongo Kabange | 29/01/2022

A new Europol report highlights that the illicit use of crypto includes “all types of crime that require transfers of monetary value”.

Crypto / Digital Assets

Myanmar to Ban Crypto Under New Cybersecurity Law

By Sanday Chongo Kabange | 28/01/2022

Under the proposed law, using cryptocurrency may lead to imprisonment of 6-12 months in prison or fines up to USD 2800.

Fintech / Regtech

OJK Indonesia Bars FIs From Facilitating Crypto Trading

By Editors | 28/01/2022

OJK warns of market fluctuations and other risks, including the existence of crypto investment Ponzi schemes.

AML / KYC

Taiwan FSC Identifies Crypto ATMs Breaching AML Rules

By Editors | 28/01/2022

Of 16 companies that have reported their AML compliance to the FSC, 13 will be required to make corrections.

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