Tag "regulation"

Here Are All The Licensed Crypto Services Providers in Singapore

On January 14, 2019, the Singapore Parliament passed its comprehensive Payment Services Act (PS Act), replacing the former Payment Systems Oversight Act and Money-Changing and Remittance Businesses Act to broaden the scope of regulated payment activities to include emerging trends

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Vietnam’s Banking Execs Call for Open Banking Framework

In Vietnam, although financial institutions have realised the potential of open banking to enable more inclusive and accessible financial services, a patchy legal framework is hampering their efforts to join the data revolution. Praising the opportunities brought about data sharing,

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Less Than 5% of the World’s 400 Neobanks are Profitable

Neobanking has been one of the most talked-about fintech segments of the past decade, a buzzing industry that’s seen an average of 68 new ventures being launched each year since 2017, data from consulting firm Simon-Kucher show. But despite the

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Here’s How India Will Start Regulating Crypto Related Ads Starting April

The Advertising Standards Council of India (ASCI) has released guidelines for the promotion of cryptocurrency and virtual assets related services, prohibiting advertisers to use certain words that may lure consumers into thinking that these services are regulated, and requiring them

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Singapore Tightens Regulatory Grip on Crypto

Singapore has long been praised for being a forward-thinking, progressive jurisdiction that supports technology and innovation. This has enticed a horde of cryptocurrency and blockchain startups to set up shop in the nation, lured by its seemingly openness to the

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Thailand’s Financial Regulator Lays out Plans for Payments Using Digital Assets

Thailand’s central bank and financial regulator have shared their views and positions on regulating the new, digital-powered financial landscape, outlining plans to issue virtual banking guidelines, rules on the use of digital assets for payments, as well as relaxing regulation

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Indonesia: An Insider’s View into ASEAN’s Fintech Crown Jewel

Indonesia’s fintech industry is entering a new era of growth and maturity, triggered by the COVID-19 pandemic, booming venture funding activity, and a proactive regulatory environment that has committed to fostering innovation to help improve financial inclusion, top executives from

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Explosion of Data Fuels Demand for Regtech Amidst Growing Regulatory Complexity

The proliferation of data and an ever-so complex regulatory environment are driving the rise of regtech, forcing financial institutions to look for new ways and tools to comply, experts said during a panel discussion. During Fintech Fireside Asia’s latest virtual

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Southeast Asia Gears up for Open Finance Movement

Open finance, the next step in the open banking movement that broadens the scope to a wider range of products and services, offers new growth and distribution opportunities for banks, fintechs and other financial services providers. In Southeast Asia, regulators

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New Study from NUS Calls for Risk-Approriate Regulation for BNPL Schemes

Buy now pay later (BNPL) schemes have witnessed strong growth in Singapore but for the sector to develop in a way that’s beneficial to consumers, rules and regulatory oversight are needed, a new paper says. Authored by Allen Sng, a

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