FINTECH / REGTECH

Crypto / Digital Assets

China Targets Cryptocurrency Facilitators

By Manesh Samtani | 02/03/2018

Regulators are targeting firms that allow Chinese citizens to trade cryptocurrencies with local bank and online-payment accounts.

AML / KYC

Malaysia Issues AML/CTF Policy for Cryptocurrency Exchanges

By Manesh Samtani | 01/03/2018

Cryptocurrency exchanges are required to fully identify all customers and monitor for money laundering and terrorist financing activities.

Fintech / Regtech

Hong Kong’s Fintech Sandbox Risks Alienating Innovators

By Manesh Samtani | 28/02/2018

HKMA financial technology sandbox needs to evolve to maximise value for all concerned, a new study suggests.

Fintech / Regtech

New Zealand Opens Up Robo-Advisory Market

By Manesh Samtani | 26/02/2018

Applicants will need to demonstrate capability and competency to provide robo-advice while ensuring consumer protection.

AML / KYC

New KYC Norms a Turn-off for India’s Mobile Wallet Users

By Garima Chitkara | 22/02/2018

Less than half of wallet consumers opted to be KYC-compliant before the 28 February deadline; new KYC norms will force telecom firms to verify customer data using third-parties, taking away their current advantage over other payment firms.

Crypto / Digital Assets

S.Korea to ‘Encourage’ Banks to Deal with Crypto Exchanges

By Manesh Samtani | 22/02/2018

FSS governor says government will support ‘normalised trading’ of cryptocurrencies, requiring interaction of banks and crypto exchanges.

Crypto / Digital Assets

Japan FSA to Empower Self Regulatory Body for Cryptocurrency

By Manesh Samtani | 19/02/2018

Self regulatory organisation will create rules and set penalties for breaches of self-imposed rules.

Crypto / Digital Assets

S. Korea Explores NY-style ‘Bitlicense’ for Cryptocurrency

By Manesh Samtani | 14/02/2018

The plan could include minimum capital and financial reporting requirements to qualify for a cryptocurrency exchange license.

Crypto / Digital Assets

Thailand Banks Banned from Cryptocurrency Activities

By Manesh Samtani | 14/02/2018

Banks prohibited from trading, advising on, and creating platforms for cryptocurrency.