FINTECH / REGTECH

Crypto / Digital Assets

Banks, Payments Providers Ordered to Halt Services for Crypto Traders

By Manesh Samtani | 23/01/2018

China’s central bank has ordered banks and payment providers to boost investigation and monitoring to detect and shut down accounts linked to cryptocurrency trading.

Fintech / Regtech

SEC Refusal to Support Crypto-based ETFs Will Influence Asian Regulators

By Bradley Maclean | 22/01/2018

US regulator cited concerns around valuation and liquidity, among other issues; but comments made in rejection letter open path to eventual approval.

AML / KYC

Chinese Banks Told to Develop e-KYC, Facial Recognition

By Samuel Riding | 22/01/2018

PBOC notice says e-KYC can help better serve real economy; SME account applications should be audited within two days of receipt.

Crypto / Digital Assets

MAS in Talks with Blockchain Firm Ripple on Cross Border Payments

By Manesh Samtani | 15/01/2018

Ripple chief says technology can speed up cross-border transactions from days to second, save banks trillions in collateral held against settlement risks.

AML / KYC

HKMA Proposes Open APIs for Financial Services

By Editors | 15/01/2018

Consultation suggests it could take just six months for banks to develop APIs including their product and service information.

Capital / Liquidity

Australia Licences Seven Crowd-Funding Intermediaries

By Editors | 14/01/2018

Eligible public companies can raise up to AUD 5 million in funds through equity crowdfunding and will face fewer regulatory requirements for fundraising.

Fintech / Regtech

Korea, China, Japan Join Hands on Cryptocurrency Regulation

By Manesh Samtani | 10/01/2018

Korea carries out bank inspections, China power cut on Bitcoin miners, Japan scrutinises banks’ cryptocurrency activities.

AML / KYC

Singapore to Enforce AML/CTF Rules on Cryptocurrency Intermediaries

By Garima Chitkara | 10/01/2018

Deputy prime minister says no major AML lapses have been found at Singapore banks when asked about ‘Russian Laundromat’ probe.

Capital / Liquidity

Japan Regulator to Overhaul Supervision and Restructure

By Samuel Riding | 08/01/2018

FSA’s move towards ‘dynamic supervision’ includes scrapping inspection manuals, restructuring governance, internal structure and HR policy.