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The government of South Korea has decided to update its Virtual Asset Users Protection Act to protect investors from market crimes.
cryptocurrency, regulation, financial crime, digital assets
UK-based crypto and traditional finance platform Orbital has announced that it received its ISO 27001:2022 certification from the British Assessment Bureau.
ISO, online security, cybersecurity, certification, data protection, data privacy
The Financial Services Commission has proposed a preliminary notice of rules change to establish reasonable standards for calculating data transfer fees in MyData.
product upgrade, banking, online banking, mobile banking, digital banking, financial services, financial institutions
South Korea has revealed its plans to launch a central bank digital currency (CBDC) pilot involving 100,000 citizens in the fourth quarter of 2024.
cryptocurrency, digital assets, CBDC, banks
Officials in Taiwan have put forward a cryptocurrency bill to the Legislative Yuan for its first reading, creating a foundation for crypto regulation in the country.
cryptocurrency, digital assets, regulation, compliance
UK-based crypto and traditional finance platform Orbital has secured permissions from the Gibraltar Financial Services Commission (GFSC) for DLT and EMI operations.
cryptocurrency, digital assets, blockchain, EMI licence, DLT
Taiwan’s Crypto Association has engaged with El Salvador for guidance in establishing stronger crypto regulations.
cryptocurrency, regulation, AML, CFT, cryptocurrency exchange
The Financial Supervisory Commission (FSC) has revealed its intention to prohibit foreign VASPs from illegally soliciting business within Taiwan.
cryptocurrency, regulation, cryptocurrency exchange, virtual asset
UK-based card manufacturer allpay cards pushes forward with its sustainability initiative for lowering the environmental impact of card production.
ESG, investment, credit card, debit card, payments
The Bank of Korea has received investigative powers over digital currency service providers and has gained access to their transaction data.
regulation, compliance, digital assets, cryptocurrency, transactions , central bank
In the wake of the FTX meltdown from November 2022, governments and financial regulators from around the world are working on regulating crypto.
regulation, compliance, cryptocurrency, digital assets, crypto asset, crypto
Taiwan’s Financial Supervisory Commission has confirmed that it will become the main cryptocurrency regulator in the country.
cryptocurrency, regulation, compliance, digital assets
South Korean regulators have approved the Apple Pay launch to allow local credit card firms to introduce the Apple Pay service.
Apple Pay, NFC, mobile payments, regulation, product launch
The Cabinet of Thailand has approved tax waivers for cryptocurrency companies that offer investment tokens in the country.
regulation, compliance, tax bill, investment, cryptocurrency
Financial authorities of South Korea have announced the launch of a task force service aimed to enhance banks’ business practices and overall management.
product launch, online banking, digital banking, financial services, financial institutions
Fintech broker ATFX has introduced a new blockchain verification technology that provides a trustable verification process for customers.
blockchain, online security, digital verification, trading platform
Taiwan-based digital bank Next Bank has gone live on Switzerland-based Temenos’ core banking platform.
digital banking, neobanks, online banking, API
Germany-based bank TARGOBANK has announced converting its entire portfolio to cards made of 100% recycled plastic.
product launch, sustainability , credit card, debit card, payment processing, banking
Taichung Commercial Bank of Taiwan has agreed to buy American Continental Bank for USD 82 million to expand into the US market.
acquisition, banking, expansion, credit card, crypto
Switzerland-based NearPay, a crypto finance protocol, has launched virtual crypto cards and its Wallet for iOS and Android to bring the digital banking experience to the world of crypto.
crypto, digital assets, digital wallet, digital banking