Philippines Now Has 10 Approved Cryptocurrency Exchanges
The Philippines is catching up to Japan with a growing number of approved cryptocurrency exchanges. The central bank has green-lighted 10 crypto exchanges so far.
Mauritius Issues Regulatory Guidance on Security Token Offerings
“The Mauritius Financial Services Commission (FSC) has clarified the rules applying to projects launching security token offerings (STOs). In guidance published Monday, the FSC said that security tokens are classed as securities as defined in the country’s Securities Act 2005, but in digital form.”
tags: Fintech CryptoAssets STOs Regulation
In an increasingly information-driven world, legal frameworks governing the sharing and use of data in payment services — and awareness of their unintended consequences — are of critical importance. This article explores the dynamics between modernized privacy laws in the European Union (namely, GDPR) and open banking initiatives (namely, PSD2).
tags: Regulation Data Fintech
Blockchain Firm Digital Asset and ISDA Eye Smart Contract Use in Derivatives Trading
Digital Asset is collaborating with ISDA to develop a new tool that can support the use of smart contracts for derivatives trading. The collaboration focuses on creating interoperable technical solutions that advance standardization to allow for greater automation of derivatives trade management.
tags: SmartContracts Plumbing Derivatives Blockchain Fintech
Smart weaponry aids bank fight against money laundering
Two-thirds of banks are thought to be deploying machine learning in their AML efforts, or are close to doing so. US regulators have given tacit approval to the use of technological innovation to combat AML, giving banks more freedom to experiment
tags: AMLCFT Regulation Fintech