Fintech / Regtech

Crypto / Digital Assets

RBI Issues Enabling Framework for Regulatory Sandbox

By Editors | 14/08/2019

The RBI has set a minimum net worth criteria of $35,000 for sandbox participants, half the amount specified in April’s draft.

Fintech / Regtech

Korea to Ease Entry of Innovative Businesses in Finance

By Editors | 14/08/2019

The FSC and FSS have jointly announced a set of measures designed to simplify the approval process for innovative businesses in finance.

Market Infrastructure

Philippines to Relaunch OF Bank to Create Digital-only Bank

By Editors | 14/08/2019

The Overseas Filipino Bank was launched in January to cater to overseas Filipino workers, who will more easily be able to access digital-only services.

Securities / Derivatives

Koscom to Develop New Platform for Trading Unlisted Securities

By Editors | 13/08/2019

The project, approved under the FSC’s sandbox programme, will also involve KEB Hana Bank, Hana Financial Investment and Amicus Lex, among others.

Crypto / Digital Assets

China Almost Ready to Release Central Bank Digital Currency

By Editors | 13/08/2019

PBOC deputy director for payments Mu Chungchun said the new digital currency and electronic payment system that would not rely entirely on blockchain.

Market Infrastructure

How a Consortium Created an Open Taxonomy for MAS 610

By Editors | 13/08/2019

Recognising the depth of the challenge posed by the new MAS 610 standard, AxiomSL decided that this industry challenge merited an innovative approach.

Fintech / Regtech

FSC Korea Set to Authorise First Robo Fund Manager, Shinhan AI

By Editors | 12/08/2019

The FSC has granted approval to Shinhan AI to operate as an investment consulting service, and is expected to soon grant it an asset management licence.

AML / KYC

Australia Records Decline in Payment Fraud Rates

By Editors | 09/08/2019

AusPayNet’s latest data shows a decline in the overall rate of card fraud for 2018, alongside slower growth in online fraud.

AML / KYC

Korea’s FIU Seeks Direct Supervision Over Crypto Exchanges

By Editors | 08/08/2019

Currently, the Financial Intelligence Unit only indirectly regulates cryptocurrency exchanges in Korea through the administrative guidance it issues for banks.