04/27/2018
Danske Wealth Management Robot Gets Caught Shirking Regulations
Danish regulator reprimands Danske’s asset management robot
Legal,Regulation,Tax & Compliance
04/27/2018
Vietnamese investors hit in ICO ‘scam’, but sentiment strong
Officials are probing an alleged $660-million crypto startup fraud, but investor sentiment remains strong; the govt needs to catch up, an academic says
04/27/2018
Malaysian regulator may issue robo adviser licences by mid-year
The robo advisory fund business incorporates innovative technologies into discretionary portfolio management services.
04/25/2018
UK finance chiefs call for regulatory crackdown on tech giants
Oversight of platforms should be brought into line with that of banks
04/25/2018
Cayman regulator issues ICO statement focused on investor protection
Ogier's Digital, Blockchain and Fintech group expects CIMA to release guidance on anti-money laundering concerns related to virtual currencies in the near future and will provide further updates accordingly.
04/25/2018
Another fork in the road? Cryptocurrency class action lawsuit alleges securities violations and demands “rescue fork” as remedy
Cryptocurrency companies and users are waiting to see how the legal and regulatory industries react to them and the underlying Blockchain technology.
04/24/2018
Barclays Bank launches lawtech hub
Barclays Bank has joined forces with law firms and academia to launch a new lawtech hub in London.
04/22/2018
DIFC’s FinTech Hive expands accelerator programme
Insurance, Islamic finance and regtech services to be included
04/20/2018
Softbank failed to report Bermuda earnings
The US companies had arrangements to divert part of the money they paid for business purposes to their subsidiaries in Bermuda so as to maximise profits, according to the newspaper.
04/17/2018
Bermuda Tables Initial Coin Offering (ICO) Legislation
A company wishing to launch an ICO can incorporate within the typical timeframe of 24 to 48 hours using Bermuda’s usual incorporation procedures.
04/05/2018
Japanese and Swiss regulators ink fintech pact
This Cooperation Framework recognises the global nature of innovation in financial services and intends to enhance the relationship with FINMA on FinTech.
04/05/2018
South Africa's central bank mulls cryptocurrency regulations
The self-regulatory organisation (SRO) would be a non-governmental body with the power to publish its own rules, directives and industry standards
04/05/2018
Indonesia goes hi-tech in hunt for tax assets after amnesty
The majority of Indonesia’s more than 250 million people do not pay tax and many are not even familiar with the concept of paying.
04/05/2018
South Africa’s Central Bank to Setup Cryptocurrency Self-Regulatory Organization
“Regulating cryptocurrencies prematurely could have the negative consequence of throttling the growth and innovation of the industry.”
04/04/2018
Liechtenstein to Avoid 'Excessive' Blockchain Regulation: Prime Minister
"The law is intended to regulate all activities that are possible on technical systems such as distributed ledgers and blockchain systems, and thus provide legal certainty,"
04/02/2018
BSP to adopt 2 regulatory technology solutions this year
Fonacier said the R2A project is fully funded by the United States Agency for International Development, Bill and Melinda Gates Foundation, and Omidyar Network.
04/02/2018
MAS and financial industry to develop guidance on responsible use of data analytics
The guide is targeted for completion by the end of the year. It will cover all segments of the financial sector including FinTech firms.
03/28/2018
Cyberattacks Now Priced Into Debt at Biggest Bank in Scandinavia
Nordea is designing corporate products to reflect cyber risks
03/28/2018
IFC Launches Digital Lab to Drive Nearshore Digital Transformation
The lab, staffed mostly with financial experts, will partner with IT consulting firm Accenture and persuade regional banks to harness cutting-edge financial technologies.
03/27/2018
Fund managers stick with Facebook but order change
That has hurt Facebook's legion of fund manager backers, who have been enthusiastic buyers of the shares after their flotation in 2012, since when they have risen by more than 300%.