Fintech / Regtech

AML / KYC

Real Estate and Trade Finance – The New AML Battlegrounds

By Samuel Riding | 25/01/2018

After years of scrutiny of banking relationships, regulators are now turning their attention to other stores of value, according to Accuity CEO Hugh Jones.

Capital / Liquidity

Taiwan Regulator Eyes Digital-Only Bank Regime

By Editors | 24/01/2018

Head of Financial Supervisory Commission says to produce feasibility study this year; visit South Korea and Japan to investigate internet-only banking concept.

Securities / Derivatives

SZSE Reports ‘No Major Risks’ in 2017

By Editors | 24/01/2018

Exchange says risk assessments found more than 100 issues of concern but no major threats; to use big data, text mining to improve risk management.

Crypto / Digital Assets

ASIC Seeks Stronger Powers to Combat Cybercrime

By Manesh Samtani | 23/01/2018

Parliamentary submission suggests reforms allowing ASIC to assume identities on the dark web, share phone data with foreign regulators, seize electronic devices.

Crypto / Digital Assets

UPDATED – India Taxes Cryptocurrency Capital Gains, Banks Shut Out Exchanges 

By Manesh Samtani | 23/01/2018

Nationwide survey reveals USD 3.5 billion in cryptocurrency transactions over 17-months; banks suspend services to exchanges to deter ‘suspicious transactions’.

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.