FINTECH / REGTECH

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    AML / KYC

    Taiwan FIs to Connect ‘Financial Fast-ID’ Verification Systems

    By Editors | 02/01/2025

    A cross-system verification hub is being developed to connect the existing digital identity verification systems of various FIs.

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    Sanctions

    Japan FSA Requests Self-Inspections from Crypto Exchanges

    By Manesh Samtani | 02/01/2025

    The JVCEA is asked to ensure member crypto exchanges assess their vulnerability to North Korean cyberattacks, focusing on wallet management.

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    Fintech / Regtech

    UnionPay Enhances QR Payments Connectivity with Laos

    By Editors | 01/01/2025

    UnionPay has enabled Chinese e-wallets to scan QR codes in Laos to make payments to local merchants

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    AML / KYC

    Vietnam Launches Nationwide Campaign Against Online Fraud

    By Editors | 01/01/2025

    Measures include developing an interagency coordination model and enhancing account verification, Internet banking security, and controls on crypto-related transactions.

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    Fintech / Regtech

    Bank Indonesia Launches Three New BI-FAST Services

    By Editors | 01/01/2025

    The new services enable real-time bulk transfers, requests for payment functionality, and direct debit transfers for routine payments.

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    Fintech / Regtech

    Taiwan FSC Relaxes Policy on Digital Insurer Licensing

    By Manesh Samtani | 31/12/2024

    Digital insurers allowed to operate physical branches. Paid-in capital requirement halved. Foreign providers can apply to open Taiwan branch.

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    Crypto / Digital Assets

    Cambodia Issues New Regulatory Framework for Crypto

    By Manesh Samtani | 30/12/2024

    Banks can only have direct exposure to Group 1 cryptoassets. Services offered to customers can include other cryptoassets.

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    AML / KYC

    HKMA Directs Banks to Implement More Anti-Scam Measures

    By Manesh Samtani | 28/12/2024

    HKMA says banks should seek Police assistance and consider holding the transaction if they believe a customer is being scammed.

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    Fintech / Regtech

    South Korea Passed Law to Establish Regulatory Framework for AI

    By Manesh Samtani | 28/12/2024

    The passage of the AI Basic Act makes Korea just the second jurisdiction in the world after the EU to establish a comprehensive legal framework specifically governing AI

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    Fintech / Regtech

    KRX, KSD Sign MOU to Establish Information Sharing System

    By Editors | 27/12/2024

    The information sharing system will help both organisations automate tasks and speed up the issuance and listing of securities.

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