Asia

Casting the regulatory net over virtual assets – new regulation in Hong Kong for crypto fund managers, fund distributors and trading platforms

Yesterday, the Securities and Futures Commission (SFC) published a statement (Statement), together with a press release, setting out its new regulatory framework for virtual assets (also known as cryptocurrencies, crypto-assets and digital tokens). 

Leave a Comment

Filed under Asia, Fintech, Regulatory

The rise of the crypto hedge fund: opportunities and challenges

The extraordinary returns generated by cryptocurrencies have led to a frenzy of investment activity and interest from investors. Several new crypto hedge funds have emerged, and cryptocurrency is fast establishing itself as a mainstream asset class. However, numerous operational and … Continue reading

Leave a Comment

Filed under Asia, Fintech

HKMA publishes open API framework for Hong Kong banking sector and launches own open API

On 18 July 2018, the HKMA announced that it had concluded a consultation on its intended approach to open application programming interface (API) for the Hong Kong banking sector, and had published its final framework and implementation plan.

Leave a Comment

Filed under Asia, Fintech

REGULATION IN THE AGE OF CRYPTOCURRENCIES

Blockchain technology is ushering in a new epoch of monetary oversight, creating opportunities and challenges for regulators in a world disrupted by the advent of cryptocurrencies

Leave a Comment

Filed under Asia, IT & Technology

Open Banking catching the eye of global regulators: Developments in Hong Kong, Singapore and Australia

The banking industry has undergone rapid change in recent years with the rise of virtual currency, fintech and digital innovation challenging the status quo. One of the key developments emerging in the last couple of years is the concept of … Continue reading

Leave a Comment

Filed under Asia, Australasia, Regulatory, Uncategorized

Bridging the FinTech gap: What dividend should we seek from regulatory cooperation across jurisdictions?

Technology-facilitated innovation in financial services, a diverse collection of topics which coalesces under the portmanteau term of “FinTech”, is increasingly in the sights of policy-makers, whether at global, regional and national or state levels.  Keen observers will have noted a … Continue reading

Leave a Comment

Filed under Asia, Europe, Fintech, IT & Technology, Regulatory

Singapore’s MAS issues Guide to Digital Token Offerings

On 14 November 2017, the Monetary Authority of Singapore (MAS) issued a guide during the first day of the Singapore FinTech Festival to provide general guidance on the application of the securities laws administered by the MAS, namely the Securities … Continue reading

Leave a Comment

Filed under Asia, Fintech, IT & Technology, Regulatory

New regulatory trial grounds for fintech firms in Hong Kong – Regulators announce additional fintech sandboxes

New regulatory trial grounds for fintech firms in Hong Kong – Regulators announce additional fintech sandboxes

Leave a Comment

Filed under Asia, Fintech, Regulatory

Regulators around the world become more vocal regarding the potential risks associated with ICOs

On 4 September 2017, seven major regulators governing the finance and technology sectors in China (collectively, the Chinese Regulators), jointly published an announcement prohibiting initial coin offerings (ICOs) in China.

Leave a Comment

Filed under Asia, Europe, Fintech, IT & Technology, Middle East, Regulatory

MAS CONSULTS ON REGULATIONS FOR THE PROVISION OF DIGITAL ADVISORY SERVICES

In line with its recognition of the rapid expansion of and new products within the fintech sphere, the Monetary Authority of Singapore (MAS) issued a consultation paper on 7 June 2017 on the provision of digital advisory services (ie advice … Continue reading

Leave a Comment

Filed under Asia, Cyber security, data protection and IT, Fintech, IT & Technology