Fintech / Regtech

Capital / Liquidity

CBIRC Green-lights Ant Group Consumer Finance Unit

By Manesh Samtani | 04/06/2021

Ant will hold a 50% stake in the new unit, which forms a key part of the restructuring that was ordered to resolve regulatory concerns.

Fintech / Regtech

BOT Awards CBDC Contract to German Firm G+D

By Sanday Chongo Kabange | 03/06/2021

Bank of Thailand has plans to test the use of a retail CBDC within 2022 before full implementation over 3-5 years.

Fintech / Regtech

LINE to Roll Out Digital Banking Platform in Indonesia

By Ranamita Chakraborty | 03/06/2021

The launch will mean Japan’s LINE will be offering digital banking services in three of its biggest overseas markets, namely Indonesia, Thailand and Taiwan.

Crypto / Digital Assets

DeFi May Be Subject to Licensing Requirement, Warns Thai SEC

By Sanday Chongo Kabange | 03/06/2021

The SEC warned that failure to obtain a licence for the issuance of digital tokens on DeFi platforms could be punishable under the Digital Assets Act.

Crypto / Digital Assets

Bursa Malaysia Concludes Blockchain Bond POC with STACS

By Sanday Chongo Kabange | 03/06/2021

The collaborative efforts from the PoC have established a new ‘Bond in a Box’ operating model that shows commercial potentials, the project report says.

AML / KYC

Addressing Sanctions Risk in Maritime Trade

By Manesh Samtani | 02/06/2021

Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.

Crypto / Digital Assets

DBS Issues First STO on New Digital Exchange

By Sanday Chongo Kabange | 01/06/2021

The issuance paves the way for other issuers to access the capital markets through STO issuances as asset tokenisation turns mainstream, DBS says.

Fintech / Regtech

PBOC Explores New Financial Data Sharing Ecosystem

By Sanday Chongo Kabange | 01/06/2021

The so-called “data-sharing hub” will allow data sharing between trusted institutions in a way that ensures that the source data can be used but not seen or moved.

Crypto / Digital Assets

Leveraged Crypto Trading Threatens Financial System: BOK

By Sanday Chongo Kabange | 31/05/2021

High leverage, price volatility and increased trading in crypto assets puts households at risk of financial damages, which could impact the financial system.