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Enforcement
ASIC Four-year Plan Targets Misconduct, Innovation
By Editors | 01/09/2020
In its four year corporate plan, ASIC says it will target misconduct and consumer harm, while also promoting fintech, regtech and suptech innovation.
Crypto / Digital Assets
SGX to Launch Crypto Indices as Part of iEdge Index Suite
By Manesh Samtani | 01/09/2020
The first batch of new crypto indices will track Bitcoin and Ethereum, and are expected to drive exposures to digital assets in Asia.
Crypto / Digital Assets
SGX Completes Asia’s First Digital Syndicated Public Corporate Bond
By Editors | 01/09/2020
SGX’s vision is to fully digitalise the end-to-end corporate bond issuance and asset servicing process, according to senior managing director Lee Beng Hong.
AML / KYC
US DOJ Files Civil Forfeiture Complaint to Recover Stolen Crypto
By Manesh Samtani | 31/08/2020
The two crypto exchange hacks detailed in the complaint are linked to the same group of Chinese actors who laundered over $250mn in stolen cryptocurrency for North Korea in 2018.
Fintech / Regtech
BOK Seeks Consulting Partnership to Advance CBDC Work
By Editors | 31/08/2020
BOK is looking to partner with a local company to establish the system architecture for a CBDC to initiate a pilot test by end-2021.
AML / KYC
Trade-based Money Laundering: Avoiding Murky Waters
By Jamil Ahmed | 31/08/2020
HSBC Singapore’s Jamil Ahmed calls for continued vigilance, the use of technology, and participation in public-private partnerships to mitigate trade-based money laundering risks.
Fintech / Regtech
FSC Taiwan Unveils Three-year Fintech Development Roadmap
By Editors | 30/08/2020
The roadmap includes a new fintech examination and licensing system, to be introduced by 2022, and consent-based data sharing as part of an open banking push.
Fintech / Regtech
New P2P Lending Legislation Takes Effect in Korea
By Editors | 26/08/2020
Under the law, P2P lenders must meet new capital requirements and be registered with the FSC. Consumer protection is also enhanced.
Fintech / Regtech
ASIC Issues Guidance on Use of Enhanced Regulatory Sandbox
By Manesh Samtani | 25/08/2020
The enhanced regulatory sandbox will commence on 1 September, following legislative amendments passed in February and subsequent regulations made in May.
Fintech / Regtech
Digital Yuan Testing Limited to Small Transactions Only, PBOC Clarifies
By Sanday Chongo Kabange | 25/08/2020
China is currently testing its sovereign digital currency with four state-run commercial banks in Shenzhen, Suzhou, Xiongan and Chengdu.
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