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Fintech / Regtech
European Commission Launches Targeted Consultation on Digital Euro
By Editors | 07/04/2022
The consultation seeks views on the application of AML/CFT rules, privacy and data protection, and financial stability impacts, among other areas.
Fintech / Regtech
Thai Crypto Firms Required to Issue Transaction Reports to Clients
By Editors | 07/04/2022
From 1 May, crypto businesses have to submit reports to customers within one day after a transaction is complete, allowing them to view records going back 18 months.
AML / KYC
US, German Authorities Target World’s Largest Darknet Market
By Manesh Samtani | 07/04/2022
OFAC has sanctioned Russia-based website Hydra Market and crypto exchange Garantex for facilitating transactions for ransomware actors.
Fintech / Regtech
Korean Banks to Request Entry into Crypto Sector – Report
By Editors | 07/04/2022
A report will be submitted to the incoming president’s transition committee requesting that banks be allowed to engage in the crypto sector.
Fintech / Regtech
OJK Launches New Integrated Data Analytics System
By Editors | 06/04/2022
‘OSIDA’ leverages data analytics and artificial intelligence to process and analyse large datasets reported by banks to detect risk.
Fintech / Regtech
Korea FSS Commences Inspections of Internet-only Banks
By Sanday Chongo Kabange | 06/04/2022
The FSS is set to conduct 779 regular or occasional inspections on financial firms throughout this year.
Fintech / Regtech
UK Outlines Plan to Become Global Hub for Crypto
By Editors | 06/04/2022
The plan includes a regulatory framework for payment-related stablecoins, enhancements to the tax system, and greater engagement with the crypto industry.
AML / KYC
Singapore Tightens Laws on Technology Risk, Crypto Assets
By Sanday Chongo Kabange | 06/04/2022
FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.
Fintech / Regtech
PBOC to Expand CBDC Pilot to Additional Chinese Cities
By Editors | 05/04/2022
The e-CNY has been tested in ten cities. The PBOC will extend the pilot to additional cities including Hangzhou, which will host the Asian Games in September.
Fintech / Regtech
Australian Banks Get More Time for Joint Account Data Sharing
By Editors | 05/04/2022
Non‑major Australian banks are being given an additional three months to commence sharing of joint account data.
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