FINTECH / REGTECH

Crypto / Digital Assets

Standard Chartered Forms JV to Issue HKD-Backed Stablecoin

By Sanday Chongo Kabange | 19/02/2025

Standard Chartered, Animoca Brands and HKT will apply for HKMA licence to issue the first Hong Kong dollar-backed stablecoin.

Fintech / Regtech

Korea Suspends DeepSeek AI Over Data Privacy Concerns

By Thisanka Siripala | 19/02/2025

DeepSeek has appointed legal representatives to address these regulatory concerns regarding the way it handles personal data.

Fintech / Regtech

Singapore Issues Warning on Unauthorised Mobile Wallets Transactions

By Nithya Subramanian | 19/02/2025

Banks will require additional verification such as in-app controls or digital token authentication for provisioning cards onto mobile wallets.

Fintech / Regtech

Malaysia Securities Commission Unveils Regulatory Sandbox Guidelines

By Nithya Subramanian | 18/02/2025

The SC said products and solutions focusing on financial inclusiveness, Islamic finance, or retirement solutions are “strongly encouraged”.

Fintech / Regtech

Korea Finalises Internal Control Guidelines for IT Audits

By Thisanka Siripala | 18/02/2025

The guidelines introduce a three-stage IT internal control framework, strengthen audit independence, and standardise IT auditing methodologies.

Market Infrastructure

HKSCC Sets Launch Date for New Report Access Platform

By Sanday Chongo Kabange | 18/02/2025

After 21 March 2025, clearing participants will no longer be able to access VaR Platform reports via the existing Report Access Platform.

Enforcement

RBI Lifts Business Restrictions on Kotak Mahindra Bank

By Nithya Subramanian | 18/02/2025

The RBI said it is satisfied with the remedial measures Kotak Mahindra Bank has taken to address IT risk management deficiencies.

Crypto / Digital Assets

Thai Government Plans Launch of First Tokenised Bonds

By Mark Johnston | 18/02/2025

The pilot issuance will allow retail investors to participate in trading tokenised government bonds through securities firms.

Crypto / Digital Assets

Regulators Should Recognise Unique Characteristics of Stablecoins

By Thisanka Siripala | 18/02/2025

King’s College London paper says regulatory frameworks should recognise stablecoins as bearer instruments that operate outside traditional payment systems