Managers of Wealth Fintech

Crypto Broker AG granted FINMA securities house licence

Getting the securities house licence for our brokerage is a pivotal moment for us.

Ripple formally responds to SEC lawsuit

It points to recognition of XRP as a virtual currency by the UK’s FCA, and regulators in Singapore and Japan and argues that the SEC is asking the Court to contradict the findings of the agency’s peers in the US and worldwide.

Close watch on Indonesia's fintech and illegal investments

Tobing reiterated the public should find out more of fintech lending through proper channels, check the legitimacy of the firm they are interested in and the logical benefits that it offers.

Regtech Group formed by Steering Committee of Australia’s National Blockchain Roadmap Wants to Know if DLT will Improve Business Processes

The responses to the survey will reportedly be used to “inform the Discovery Report to be presented by the Regtech Working Group to the Steering Committee overseeing the National Blockchain Roadmap in the first half of 2021.”

New German competition law gives regulator new digital platform investigation powers

The German parliament had adopted the government's draft of the so-called GWB Digitisation Act as amended by the parliament's Economic Committee.

Philippines Issues Crypto Industry Guidelines to Guard Against Money Laundering

New guidelines bring the nation's digital asset industry in line with Financial Action Task Force standards

Top banking official praises China’s new fintech regulations

Deputy governor of the People’s Bank of China says tighter regulations for fintech are a necessity

Levies, Registration and All that Jazz

Failure to pay the annual levy is also an offence under the law and may attract sanctions including a financial penalty.

PBOC, regulators play active role in restructuring of Ant

Ant Group is seeking to achieve regulatory compliance by drafting a working schedule to group its financial operations into a holding company.

The Status of EU–UK Data Flows Following Brexit

The transfer of personal data will be subject to a separate adequacy decision from the EU due in early 2021.

Singapore: Evolving data privacy laws and what it means to privacy professionals

There is a rising trend where you see people suing for damages en masse, via a class action

Gibraltar Seeks to Expand Digital Asset Regulatory Principles

The working group behind the Gibraltar Market Integrity Study will be primarily responsible for setting appropriate market standards for exchanges operating in the digital asset space.

BIS Innovation Hub targets CBDCs and green finance in 2021

Specific projects already in the pipeline include the building of a proof of concept platform using multiple wholesale CBDCs to explore the feasibility of faster and cheaper cross-border payments, and the DLT-based tokenised green bonds programme.

Central Bank of Bahrain licences Sharia-compliant cryptocurrency exchange CoinMENA

At launch, CoinMENA’s platform will be available to residents of Bahrain, the UAE, Saudi Arabia, Kuwait and Oman

Refinitiv joins forces with The Sentry to prevent war criminals abusing the financial system

Through this partnership, The Sentry will provide Refinitiv World-Check with hard-to-obtain information on illicit activities and individuals who operate in Africa.

Ahli Bank, Oman, is SunTec’s 50th customer for its Indirect Taxation Solution

VAT is likely to be introduced in Oman in early 2021 and Ahli Bank has taken the proactive step of adopting a VAT compliance solution to ensure operational efficiency, enhance revenue, and augment customer experience.

Gibraltar extends regulatory guidelines for digital asset exchanges

The Market Integrity working group have combined to ensure that the added regulation meets the global market standards for exchanges and other marketplace platforms, while also considering recently defined standards set by the EU and other international b

Legal,Regulation,Tax & Compliance