12/01/2019
African Fintech And Regulation: What’s The Hold Up?
While it could be argued that there is nothing that is technically holding African fintech back
Legal,Regulation,Tax & Compliance
11/29/2019
Mastercard, Rapyd partnership forges new Fintech Express
Benjamin Gilbey Senior Vice President, Digital Payments and Labs, Asia Pacific, Mastercard brings in a surprise of introducing a payment functionality in a limitless range of fashion ranges through Tappy’s contactless payment chips, starting with an
11/27/2019
International community has achieved unprecedented success fighting offshore tax evasion
At the heart of this shift are thousands of bilateral exchange relationships now in place
11/26/2019
S. Korean Government Takes Aim at Google
At issue is whether or not multinational IT companies that do not have “fixed workplaces” in South Korea can be subject to a legitimate level of taxes.
11/25/2019
Hong Kong Monetary Authority (HKMA) fosters a diversified ecosystem for Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) Regulatory Technology (RegTech)
The HKMA and the banking sector will continue to contribute to AML/CFT efforts in Hong Kong
11/23/2019
China: WeiyangX Fintech Review
The People’s Bank of China Releases China’s Green Finance Development Report (2018)
11/22/2019
ICO seeks direct powers under proceeds of crime law
The UK's data protection authority is seeking new powers to prevent criminals from profiting from data-related crime.
11/21/2019
MAS mulls regulating trade of payment token derivatives
MAS said it still does not view payment token derivatives to be suitable for retail investors to trade.
11/21/2019
MAS consults on relaxing restrictions on payment token deriviative
Payment tokens and their derivatives are, however, not suitable for most retail investors
11/21/2019
Guernsey's data protection regime - shifting our attitudes
ODPA's goal is to achieve a "fair, low-cost, low-admin business
11/20/2019
Wethaq launches first fintech Sukuk on its market infrastructure using SWIFT gpi Link
Al Ghurair Investments LLC (AGI) acted as the issuer, advised by Mashreqbank PSC acting as lead arranger
11/19/2019
The Launch of the Legal Statement on the Status of Cryptoassets and Smart Contracts by Sir Geoffrey Vos, Chancellor of the High Court
There is an endless spectrum of types of cryptoasset and cryptocurrencies, many of which already are or certainly will be designed for use as wholesale and retail payment mechanisms.
11/19/2019
Bahrain's Push to Fintech by Central Bank
Given the extreme pace at which digital transformation is happening in the financial services sector, Central Bank of Bahrain adapted innovation to ensure that the country remains a thriving financial hub
11/19/2019
English law recognizes cryptoassets and smart contracts
English law will now recognize cryptoassets as tradable property and smart contracts as enforceable agreements.
11/19/2019
Nedbank contracts with Fexco for dynamic currency conversion
The DCC technology allows international cardholders to pay for products in their home currency
11/18/2019
FNZ / GBST merger inquiry
The CMA is investigating the completed acquisition of GBST Holdings Limited by FNZ (Australia) Bidco Pty Ltd.
11/14/2019
Scottish Widows in ‘data breach’ over wrong letters
The error arose when the employee was completing the same task for two different customers at the same time.
11/12/2019
Banking tech could lead to discrimination, says ex-regulator
Banks can now more accurately identify ‘unprofitable’ or costly customers
11/12/2019
OECD Digital Tax Proposals would Require Canadian Overhaul: C.D. Howe Institute
New OECD proposals on digital taxation would mean a substantial overhaul of Canadian tax rules if they are brought into effect, according to a new report from the C.D. Howe Institute.
11/12/2019
Canadian Securities Regulators and MAS Strengthen Cooperation in FinTech
The agreement sets out the framework of collaboration between the CSA members and MAS.