Fintech / Regtech

Crypto / Digital Assets

SEC Thailand Orders Crypto Exchange to Suspend Client Onboarding

By Ranamita Chakraborty | 08/02/2021

Bitkub needs to address five major issues before it can resume onboarding new clients, after high volume trading disrupted its systems in January.

Fintech / Regtech

Toss Bank Applies for Digital Bank Operating Licence in Korea

By Editors | 08/02/2021

Toss Bank was awarded a preliminary licence to operate an internet-only bank in December 2019. It plans to launch operations in mid-2021.

AML / KYC

Korea: FSC Financial Sector Focus to Include Risk, Competition, Innovation

By Sanday Chongo Kabange | 07/02/2021

The FSC’s 2021 policy agenda for the financial sector will include measures to bolster risk management while also strengthening competitiveness and facilitating digital innovation.

Fintech / Regtech

Korea to Launch Virtual Sandbox, Expand Fintech Support

By Editors | 04/02/2021

The FSC has outlined the work it has planned this year to promote financial innovation and digital finance.

Fintech / Regtech

LINE Bank Taiwan Granted Digital Bank Operating Licence

By Editors | 04/02/2021

LINE Bank could launch trial operations as soon as mid-March, with a view to launching full operations within the first half of the year.

Fintech / Regtech

SBI, Sumitomo Mitsui to Launch Digital Stock Exchange in Osaka

By Ranamita Chakraborty | 04/02/2021

The Osaka Digital Exchange, expected to launch in 2022, will provide an alternative to the TSE and strengthen Osaka’s proposition as a financial hub.

Fintech / Regtech

SEBI Revises Entry Norms for Innovation Sandbox

By Editors | 04/02/2021

The revisions introduce graded entry norms to encourage innovation and make it easier for firms to participate in the sandbox.

Capital / Liquidity

UPDATED – Chinese Regulators Agree on Ant Group Restructuring Plan

By Editors | 03/02/2021

Under the plan, Ant Group will fold all of its businesses into a financial holding company that will be subject to PBOC oversight and capital requirements.

AML / KYC

Thailand to Introduce Rules for Digital Asset Wallet Providers

By Editors | 02/02/2021

The SEC is concerned that digital asset wallets and custodian services could be used for drug offences and money laundering.