Tag "regulation"

Bitcoin Remittances Book Highlights Growing Traction in Asia

Remittances has long been recognized as one of Bitcoin’s most obvious use cases. Sending money from one Bitcoin wallet to another is about as easy as sending an email. The impact on the 230 million migrants sending $430 billion in

Read More

Opening Shot For International Regulation For The Fintech Industry

There is a Chinese saying that roughly translates to ‘A Tall Tree Catches The Wind’ (树大招风) and this is an adept saying for the Fintech industry. The fintech industry had grown from its nascent stage in 2005 and it is

Read More

Vietnam To Regulate Digital Currencies / new Bitcoin ATMs

Vietnam is working on a regulatory framework for virtual properties, electronic money and virtual currencies like bitcoin amid concerns of their use in illegal activities. A report by local media outlet VNEconomy says that the government is looking to take

Read More

MAS Unveils New Moves To Boost Fintech Sector in Singapore

The Monetary Authority of Singapore (MAS) has announced a series of moves to boost fintech development in the city-state and strengthen ties with other Asian countries. This came shortly after MAS wrapped up its inaugural Singapore Fintech Festival, during which the

Read More

Singapore’s Crowdfunding Scene

In Asia, crowdfunding is still relatively new and in early stages of development when compared with the likes of Europe or North America. In Singapore, however, crowdfunding appears to have taken off, becoming a popular way for entrepreneurs to raise

Read More

Industry Stakeholders Team Up To Boost Malaysia’s Fintech Sector

A new association has been formed earlier this month in Malaysia to represent the fintech scene and push the country into becoming a leading hub. This followed a set of initiatives that have been launched in Malaysia in recent months

Read More

Regtech Poised to Thrive; Requires New Regulatory Framework

Regulation compliance is time consuming and expensive for both financial institutions and regulators. According to policy analysis firm Federal Financial Analytics, the six largest banks in the US spent as much as US$70 billion on compliance in 2013. That’s twice

Read More

Online Gambling With Bitcoin: Is It Legal?

Online gambling is growing rapidly as the amount of wagers worldwide is expected to surge jumping from US$550 billion in 2016 to nearly US$950 billion by 2021, according to a report from Juniper Research. The industry’s growth comes with an

Read More

MAS Proposes New Rulings, Launches Fintech Innovation Lab to Boost Financial Innovation

Singapore’s central bank and financial regulator, the Monetary Authority of Singapore (MAS), has made several announcements this week, launching a set of new initiatives intended to bolster financial innovation and support its ambition as becoming a fintech leader.   “An electronic

Read More

Korea Financial Authority Strengthen Ties With Singapore as Fintechs Eye Global Expansion

Often perceived as the latest phase in the ongoing digital revolution, fintech has attracted much interest from governments from around the world as none wants to pass on the multi-trillion-dollar opportunity. South Korea is no exception. Last year, the country’s

Read More