Web Analytics


Our publications:
Our publications
Home Search

Search results: regulatory sandbox

Fintech startups

Making sense of regulatory sandbox for Fintech startups

By Nivedita Nivargi and Vishnu Kale, Samvad Partners
Over the past few years India has seen rapid development in the financial technology sector and it has the second highest number of Fintech startups in the world. According to certain estimates, India’s Fintech...
regulatory sandbox

Closer look at Reserve Bank’s proposed regulatory sandbox

By Shilpa Mankar Ahluwalia, Shardul Amarchand Mangaldas & Co.
The Reserve Bank of India (RBI), last month, released a draft of the “Enabling Framework for Regulatory Sandbox”. A sandbox is a framework that allows regulation to evolve and keep pace with innovation in...

Thailand launches regulatory sandbox for fintech services

By Jason Corbett, Silk Legal
In recent years, there has been a trend among financial regulators in jurisdictions around the world, including in Australia, Malaysia, Singapore, the UAE and the UK, to allow technology firms to operate business within...

Analysis of AI regulatory frameworks in South Korea

By Hwan Kyoung Ko, Il Shin Lee, and Matt Younghoon Mok, Lee & Ko
In an era where digital innovation is reshaping our world, artificial intelligence (AI) is emerging as a pivotal force, revolutionising industries and societal structures. In recent years, there has been a global movement towards...
Monique B Ang

Case study for sandbox approach on open finance

By Monique B Ang, ACCRALAW 
The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP) on 17 June 2021 issued Circular No. 1122  that sets out guidelines for the adoption of the open finance framework. Open finance is part...
Arjun-Goswami-Cyril-Amarchand-Mangaldas-oct2021

India-Singapore corridor bridges fintech regulatory hurdles

By Arjun Goswami, Cyril Amarchand Mangaldas
The fourth industrial revolution has allowed fintech companies to transform the delivery of financial services through technology and innovation-driven efficiency and inclusive access. Technology has automated financial services and products as well as processes...
sandbox

The curious case of the privacy sandbox

By Lagna Panda, Chandhiok & Mahajan
In December 2019, the Personal Data Protection Bill, 2019 (PDP bill), was introduced in parliament and was then referred to a joint parliamentary committee for review. Compared to the 2018 version, the PDP bill...
payments

Retail payments to be first RBI sandbox grouping

The Reserve Bank of India (RBI) announced that applications are open from 15 November to 15 December, 2019 for the first cohort of its fintech regulatory sandbox regime. The theme for the first cohort is retail...
sandbox

Innovative play in the sandbox

Regulators in this sphere need to be flexible, writes Sanhita Katyal The triad of financial regulators in India – the Reserve Bank of India (RBI), Securities Exchange Board of India (SEBI) and Insurance Regulatory and...

Sandbox helps businesses and regulators innovate

By Archana Tewary and Arjun David Alexander, J. Sagar Associates
A regulatory sandbox is an enabling interface or infrastructure constructed by a regulator, to conduct live tests on new financial innovations and technology, in which, the regulator may permit certain regulatory relaxations for testing....
sandbox

Enter sandbox

Dear Editor, In an article on the regulatory sandbox proposed by the Reserve Bank of India (RBI), Shilpa Mankar Ahluwalia gave a comprehensive overview on the guidelines. While she raised concerns such as restrictive eligibility...

Fair play in the sandbox

The fintech sector in Asia-Pacific is booming and, following in the footsteps of the UK, regulators across the region have set up sandboxes to encourage fintech innovation and competition. But there are also challenges,...
Top Vietnam law firms 2024

Vietnam Law Firm Awards

Asia Business Law Journal names the country’s top law firms. Brian Yap and Lim Miran report As one of the fastest-growing economies in Southeast Asia, Vietnam witnessed a 5.6% increase in gross domestic product...

On the move

Elections, political tensions, accelerated regulation and shifting sands of opportunity are some of the factors influencing law firm movements in the region. Like never before, the turnstyle of firm exits and entries provides a...
Law firm movements influence regional business

On the move

Elections, political tensions, accelerated regulation and shifting sands of opportunity are some of the factors influencing law firm movements in the region. Like never before, the turnstyle of firm exits and entries provides a...
India’s telecoms act

Any hangups?

India is bringing its outdated telecoms regime into the present with new legislation. But the reforms have sparked concern over privacy and implementation, writes Indrajit Basu India’s Telecommunications Act, 2023, announced in December last year,...
Digital Banking Regulation in South Korea

North Asia regional guide to digital banking: South Korea

By Hwang Hyun-il and Heo Junbeom, Shin & Kim in Seoul
JAPAN SOUTH KOREA In South Korea, digital banking lacks a precise legal definition. Simplistically viewing it as merely banking services rendered online fails to capture the full scope of how such operations have evolved digitally in...
North Asia digital banking

North Asia regional guide to digital banking

As regulation and compliance evolves rapidly in the hot-button area of finance, it is imperative to keep up to date on new developments. Here we engage expert views on related laws and regulations in...
Fintech new incentive scheme

Fintech goes mainstream through new incentive scheme

By Rohit Jain and Kunal Sharma, Singhania & Co. 
The fintech sector in India has become a global leader. It has built the largest ecosystem and enjoyed the fastest growth. By 2025, its valuation will hit USD150 billion-USD160 billion, making the country a...
AI Act ethical implications regulation

Real intelligence must supervise AI and soon

By Ashima Obhan and Aparna Amnerkar, Obhan & Associates
Artificial Intelligence (AI) is transforming our world. However, concerns have grown regarding its ethical implications and risks. The European Union (EU) has acted significantly by adopting the AI Act (act), a comprehensive regulatory framework...
video

Upping the ante on phishing through AI – The TRAI directive

By Mathew Chacko, Aadya Misra, Shambhavi Mishra and Ajeeth Srinivas, Spice Route Legal
Phishing misleads and tricks individuals into revealing personal or confidential information through deceptive emails or messages. Such information is then used for unlawful or harmful purposes, such as fraud or installing ransomware. Smishing, a...

A finance and technology GIFT to investors

By Rohit Jain and Kunal Sharma, Singhania & Co.
The Gujarat International Finance Tec-City (GIFT City) was conceived as an International Financial Services Centre (IFSC), offering international connectivity and a business-friendly environment. It is the only greenfield smart city in India set up...
Business opportunities in Thailand

Navigating business opportunities in Thailand

The country’s strong economic performance and regional partnerships have attracted many foreign businesses. Understanding the regulatory landscape and sector-specific policies is essential for these companies venturing forward FOREIGN INVESTMENT MERGERS & ACQUISITIONS DIGITAL ECONOMY FOREIGN INVESTMENT Thailand continues to...
Digital economy in Thailand

Navigating business opportunities in Thailand: digital economy

By Panupan Udomsuvannakul, Nonthagorn Rojaunwong, and Prang Prakobvaitayakij, Chandler MHM
FOREIGN INVESTMENT MERGERS & ACQUISITIONS DIGITAL ECONOMY Thailand’s digital economy has been growing exponentially in recent years, as the country embraces new technological innovations and creates opportunities for startups and investors. The government has been actively promoting development of the...

Damage controls

After months of clamping down and chaos, South Korea is taking a hard look at how to create a safe space for cryptocurrency to flourish while safeguarding investors. Putro Harnowo reports S outh Korean President Yoon...
Choi Jong-ku joined Yoon & Yang

Former chair of Korean financial regulator joins Yoon & Yang

Choi Jong-ku, a former chairman of the Financial Services Commission (FSC) of South Korea, has joined Yoon & Yang as a special adviser in the Korean firm’s banking and finance practice group. Bringing 40 years...
From left: Anu Tiwari, Pallavi Rao

GIFT City showcases efforts to foster India’s fintech vision

By Anu Tiwari and Pallavi Rao, Cyril Amarchand Mangaldas
The fintech industry plays a pivotal role in India’s vision to become a global financial hub. With that goal in mind, the government and the International Financial Services Centres Authority (IFSCA) have been progressively...
Fintech is the future of inclusive finance

Fintech is the future of inclusive finance

By Bagmisikha Puhan and Siddhant Gupta, TMT Law Practice
The banking and financial services sector has long been a pioneer and centre of technological innovation, providing end-user banking and financial services. Fintech has emerged as a direct competitor to legacy banking, but has...
A comparison of digital banking regulationsvideo

A comparison of digital banking regulations

As technology revolutionises the banking sector, brick-and-mortar retail is increasingly becoming obsolete as regulators jump to set new standards for inclusive finance India Philippines Thailand INDIA The onset of the pandemic has caused an unpredicted increase in the demand...
A comparison of digital banking regulations: Indiavideo

A comparison of digital banking regulations: India

By Manisha Singh and Nisha Sharma, LexOrbis
As technology revolutionises the banking sector, brick-and-mortar retail is increasingly becoming obsolete as regulators jump to set new standards for inclusive finance Philippines Thailand The onset of the pandemic has caused an unpredicted increase in the demand...
A comparison of digital banking regulations: Philippines

A comparison of digital banking regulations: Philippines

By Mark S Gorriceta, Micaela Kristina V Galvez, and Liane Stella R Candelario, Gorriceta Africa Cauton & Saavedra
As technology revolutionises the banking sector, brick-and-mortar retail is increasingly becoming obsolete as regulators jump to set new standards for inclusive finance India Thailand The state of Philippine digital banking made significant headway after the publication by...
A comparison of digital banking regulations: Thailandvideo

A comparison of digital banking regulations: Thailand

By Troy Schooneman, Kongkoch Yongsavasdikul, and Koraphot Jirachocksubsin, Kudun and Partners
As technology revolutionises the banking sector, brick-and-mortar retail is increasingly becoming obsolete as regulators jump to set new standards for inclusive finance  India Philippines Thailand’s digital banking system is in the midst of a major and multi-faceted...
Challenges, opportunities with virtual asset regulation in BVI

Offshore solutions in BVI

Corporate flexibility and ease of navigation can explain the increasing popularity of the British Virgin Islands among Asian fund managers, virtual asset businesses and special purpose acquisition companies BVI still at forefront of cross-border...

BVI still at forefront of cross-border business

By Elise Donovan, BVI Finance
Corporate flexibility and ease of navigation can explain the increasing popularity of the British Virgin Islands among Asian fund managers, virtual asset businesses and special purpose acquisition companies
Deconstructing AIvideo

Deconstructing AI

Hype and hysteria over artificial intelligence must be tempered to prevent knee-jerk reactions from regulators and to ensure India can reap the benefits cutting edge technology offers, write Abhivardhan and Mridutpal Bhattacharyya To its boosters,...
Digital banking and crypto regulations in Malaysia

Digital banking and crypto regulations in Malaysia

By Rodney D'Cruz and Dato' AJ Surin, Adnan Sundra & Low
The growing use of technology has led to a seismic shift in traditional finance, and no country wants to be left behind The banking industry of the future could not have been welcomed sooner once...
NFT regulations comparison, Guido Hidayanto & Partners, Jakarta, Indonesia

NFT regulations in Indonesia

By Naufal Fileindi and Muhammad Fernanda Dharmawan, Guido Hidayanto & Partners
Blockchain technology has created ripples worldwide by turning art, music, videos and in-game items into digital assets, puzzling regulators into a cautious waiting game. But for how long? And where to from here? India Indonesia Japan The Philippines Taiwan Indonesia The...
NFT regulations comparison

A comparison of regulations surrounding NFTs

Blockchain technology has created ripples worldwide by turning art, music, videos and in-game items into digital assets, puzzling regulators into a cautious waiting game. But for how long? And where to from here? India Indonesia Japan The Philippines Taiwan India Non-fungible...
Cryptocurrency-regulation-in-Taiwan,-Abe-Sung-and-Eddie-Hsiung,-Lee-and-Li

Cryptocurrency regulation in Taiwan

By Abe Sung and Eddie Hsiung, Lee and Li
Asian jurisdictions have been cautious in developing legal frameworks around virtual currencies, but the volatile market and relentless evolution of cryptos are pushing regulators to act Navigation India Taiwan Thailand   At the time of writing this article, cryptocurrencies are currently...
A comparison of Cryptocurrency regulation

A comparison of cryptocurrency regulation

Asian jurisdictions have been cautious in developing legal frameworks around virtual currencies, but the volatile market and relentless evolution of cryptos are pushing regulators to act Navigation India Taiwan Thailand India The cog that turned the regulatory machinery in India to...
Cryptocurrencies unchained

Cryptocurrencies unchained?

By Anu Tiwari and Anindita Bhowmik, Cyril Amarchand Mangaldas; Rajiv Luthra and Anirudh Gotety, L&L Partners
Since the Supreme Court overturned India's ban on cryptocurrencies, trading volumes have increased exponentially and home-grown crypto startups have blossomed. But the government has yet to establish a regulatory regime, and reports of another...
Enthusiasm for healthcare offers new practice opportunities, Arjun Krishnamoorthy, J Sagar Associates

Enthusiasm for healthcare offers new practice opportunities

By Arjun Krishnamoorthy, J Sagar Associates
The covid-19 pandemic has seen changes in practices across the world, ranging from frequent hand washing to revisions of long standing standard contractual clauses. A notable change was in the government budget earlier this...
Fangda assists launch of China’s first foreign-owned fintech, 方达助力中国首家外商独资金融科技公司开业

Fangda assists launch of China’s first foreign-owned fintech

Fangda Partners acted as sole legal counsel when HSBC Group opened China’s first wholly foreign-owned fintech company, HSBC Fintech Services (Shanghai), on 9 January.  The company, based in Lingang New Area of the Shanghai Free...
cryptocurrency

Cryptocurrencies

Governments across the region are being forced to clear the regulatory air on virtual currencies as they can no longer afford to ignore their popularity Navigation India South Korea Thailand INDIA Authorities across the world are wary of cryptocurrencies because...
bill

PDP bill reaches parliament

The much-awaited Personal Data Protection Bill, 2019 (PDP bill) was introduced in the Lok Sabha (lower house) of the parliament on 11 December 2019. The PDP bill has been substantially revised from the draft PDP Bill, 2018, which was...
India Business Law Journal

Pushing boundaries

Space project testament to India’s can-do persona India did not make it to the moon this time. But there is no doubt that it will. Even without a successful lunar landing, this is an astonishing...
RBI

RBI’s vision 2021 puts focus on customer experience

By Shilpa Mankar Ahluwalia and Akshita Agrawal, Shardul Amarchand Mangaldas & Co
The digital payments ecosystem has made substantial progress over the last few years. The country has witnessed a shift from paper to electronic payment methods with the introduction of innovative payment products such as...
Indonesia

Keeping up with latest technologies in Indonesia

By Enrico Iskandar and Debu Batara Lubis, Bagus Enrico & Partners
Contemporary approaches to cross-border M&A and rapid new innovations in technology-based services make Indonesia a catalyst for change With the fast advancement of technology across the world, Indonesia has found itself with quite a number...
bermuda

New frontiers in fintech and cryptos

By Steven Rees-Davies and Fiona Chan, Appleby
Bermuda has always been a competitive offshore jurisdiction, and new developments in fintech and an innovative approach to provisional liquidation keep it ahead of the curve The Asia-Pacific region has seen a surge of fintech...
Bermuda

Legal Frontiers in Bermuda

Bermuda has always been a competitive offshore jurisdiction, and new developments in fintech and an innovative approach to provisional liquidation keep it ahead of the curve Navigation Fintech & cryptos | Provisional liquidation New frontiers in...
Indonesia

Legal Frontiers in Indonesia

Contemporary approaches to cross-border M&A and rapid new innovations in technology-based services make Indonesia a catalyst for change Navigation Mergers & acquisitions | Technology Innovative approaches to cross-border M&A According to the data of the Indonesian Business...
Taiwan

Treading carefully

In an island as geopolitically charged as Taiwan, it can be easy to allow the big picture to dominate. Thankfully the legal community have their eyes on the ball, writes John Church Engage in any...

Overseeing growth of fintech in Indonesia

By Freddy Karyadi and Anastasia Irawati, ABNR Counsellors
The rise of the financial technology sector has reached a new level since the first spark of Indonesia’s digital revolution in 2016 The scope of financial technology (fintech) in Indonesia offers a broad variety of...
Taiwan Cryptocurrency: Developments in crypto law 2019

Developments in crypto law in Taiwan

By Abe Sung and Eddie Hsuing, Lee and Li
Examining developments in cryptocurrency law around the region is like taking a litmus test to measure the flexibilty and depth of competency of these legal systems. staying up to speed is crucial Navigation: Philippines |...
A regional comparison of developments in crypto law

A regional comparison of developments in crypto law

Examining developments in cryptocurrency law around the region is like taking a litmus test to measure the flexibilty and depth of competency of these legal systems. Staying up to speed is crucial Navigation: 2019 Philippines...
Legal news in brief May 2019

Legal news in brief

Top arbitrator joins 39 Essex 39 Essex Chambers’ Singapore office announced it has hired Steven Lim after he stepped down from his role as senior partner of CMS Singapore. Lim has more than 25 years’ experience...
Cayman Islands regulatory lawyers discuss business opportunities in Cayman Islands

Legal frontiers in the Caymans

The first in our new legal frontiers series explores the considerable opportunities available to companies that utilise offshore structures in the Cayman Islands. The articles feature best practice approaches to structuring such vehicles while...
Fiona-Chan-Partner-Alison-Thomson-Associate-at-Appleby-in-Hong-Kong-3

Fintech: Offshore regulations and trends in Asia

By Fiona Chan, Alison Thomson and Prabha Sasidharan, Appleby in Hong Kong
Financial technology, or fintech, in the broadest sense of the word involves the use of software in the provision of banking and financial services. The transformative nature of the fintech sector is the manner...

Democracy blooms?

Thailand is on the cusp of monumental change as a military regime prepares to loosen its grip on power. But how will this change affect the legal landscape? John Church reports If no one changes...

Cryptocurrency circular: Unintended consequences?

By Arun Prabhu, Cyril Amarchand Mangaldas
Cryptocurrencies use cryptographic functions rather than central banks or ledgers to validate transactions and are an increasingly important part of the global financial landscape. The absence of central regulation or records enables transactions in...

Asia Business Law Journal – November/December 2017

Volume 2, Issue 3 If you are a subscriber, please sign in below. Highlights: The Asia game: Love, war and corporate counsel associations How have the region’s regulatory sandboxes fared? Six months in: A good hard look...

The future is fintech

Fintech has dramatically altered our landscape – the way we live as a society and conduct business. In the first part of a special series on technology, Leo Long explores how Indian and other...
Intense competition in Asia-Pacific fintech race

Tech evolution

Following the first part of our special technology series last month exploring the evolution of fintech, Leo Long looks at the germination of the concept around the Asia-Pacific, revealing which jurisdictions are ahead of...
lawtech-and-cybersecurity-in-Asia

Press for profit

In the first part of a special series on technology in the legal sector, Leo Long explores how fintech’s rapid rise has in many ways mirrored the relentless advance of technology and its impact...

Fintech revolution

In the first part of a special series on technology in the legal sector, Leo Long explores how Fintech’s rapid rise has in many ways mirrored the relentless advance of technology and its impact on a legal...
Singapore fintech changes up a gear

Singapore fintech changes up a gear

On 1 December 2016, the Monetary Authority of Singapore (MAS), together with the Financial Services Sharing and Analysis Centre (FS-ISAC) jointly announced that they will be working together to establish an APAC Regional Intelligence...

The wisdom (or lack of wisdom) of the crowd

By Mathew Chacko and Praveen Raju, Spice Route Legal
India’s underserved debt and equity investment markets have seen a proliferation of specialized lenders creating avenues for capital that used to be stashed under beds to be put to better (hopefully) and riskier (definitely)...

Total control

Despite economic setbacks and more localized challenges such as an oversupply of local lawyers and an influx of foreign ones, Singapore Inc. is very much in control, with an eye to the future and...
November - December 2023 BLD ABLJ

Latest Business Law Digest Updates 2021-2023

November - December 2023 THAILAND E-commerce in sights of trade competition watchdog Thailand’s Trade Competition Commission has unveiled its 2024 agenda, with efforts to be concentrated on overseeing competition, unfair trading practices, and antitrust policies in e-commerce...
disruptive technology as convenience

Disruptive technology or disruption disguised as convenience

By Gaurav Sahay and Ashita Sahay, SNG & Partners
Finance, bookkeeping, transaction-making, investment, credit, insurance and trade have always operated under the strict eye of the regulator. The sector has always been a conventional one and an authoritarian compliance regime has overseen its...
Digital disruption in the finance and banking sector

Disruptive technology or disruption disguised as convenience

By Gaurav Sahay and Ashita Sahay, SNG & Partners
Finance, book-keeping, transaction-making, investment, credit, insurance and trade have always operated under the strict eye of the regulator. The sector has always been a conventional one, and an authoritarian compliance regime has overseen its...
Decentralised finance in Taiwanvideo

Regulating decentralised finance in Taiwan

By Steven Hsu, Ashley Chao, and Kimi Chang, HSU & Associates
The island has been at the forefront of technological advancement, but can regulators adapt to rapidly evolving virtual currencies? Bitcoin emerged in 2009 to circumvent centralised financial control through decentralised, peer-to-peer payments. In the early...
NFT regulations comparison, Gorriceta Africa Cauton & Saavedra, Metro Manila, Philippinesvideo

NFT regulations in the Philippines

By Mark Gorriceta, Liane Stella Candelario and Richmond Montevirgen, Gorriceta Africa Cauton & Saavedra
Blockchain technology has created ripples worldwide by turning art, music, videos and in-game items into digital assets, puzzling regulators into a cautious waiting game. But for how long? And where to from here? India Indonesia Japan The Philippines Taiwan The...
Data protection Lagna-Panda-is-a-managing-associate-at-Chandhiok-&-Mahajan

Non-fungible tokens: The new kid on the block

By Lagna Panda, Chandhiok & Mahajan
In March 2021, Beeple, an American digital artist auctioned a non-fungible token (NFT) of an artwork he had created for an eye-popping USD69 million. The same month, Jack Dorsey, the CEO of Twitter, sold...
IBLJ Sept2019

IBLJ – September 2019

Volume 13, Issue 3 If you are a subscriber, please sign in below. Highlights: Under attack: in-house counsel snaps back at US IP report's rebuke of India AI's rise demands regulatory reboot Women lawyers' quest for...

Legal news in brief

Funding change The Hong Kong Government has announced that provisions permitting third party funding in arbitrations will come into force from 1 February 2019. It has also published a code of practice for third party...

Legal trends

The Year of the Dog is traditionally one that entails change and uncertainty, and 2018 is likely to be no different. John Church explores legal developments in the region that will be trending in...

Join our mailing list for legal news and alerts

Sign up