1、FinTech Regulation in With the support of:Please cite this study as CCAF(2022)FinTech regulation in Asia Pacific,Cambridge Centre for Alternative Finance at the University of Cambridge,Cambridge Judge Business School,CambridgeThis study was funded by the UK Foreign,Commonwealth and Development Offic

2、e(FCDO)through the Cambridge Alternative Finance Collaboration Network(CAFCN)Programme and implemented by the Cambridge Centre for Alternative Finance(CCAF)at the University of Cambridge Judge Business School.Additional financial support has been provided by Invesco,and the Asian Development Bank In

3、stitute(ADBI).Table of ContentsForewords.5Research Team.9Acronyms.10Glossary.111.Executive summary.132.Introduction.183.Literature review and methodology.22Methodology.22Literature review:the regulatory approach to FinTech in APAC.244.Regulatory approach in specific verticals.28Digital payments.28E-

4、Money(including mobile money).29International remittances.31Peer-to-peer lending.32Equity crowdfunding.335.Cross-Sectoral Themes.37Data protection.37Cybersecurity.38Open banking.40Financial consumer protection.42Anti-money laundering and electronic know your customer.446.Regulatory Innovation Initia

5、tives in APAC.50Innovation offices in APAC.50Regulatory sandboxes in APAC.51RegTech and SupTech initiatives in APAC.517.Identifying gaps,and understanding challenges in APAC.54Uneven regulatory frameworks and innovation initiatives.54Evidence of framework development and impact on the FinTech market

6、.56Challenges and factors impacting regulatory response to FinTech in APAC.588.Concluding remarks and future research.649.The regulatory approach to FinTech in India.67Examples of positive regulatory practices in India.6910.The Regulatory approach to FinTech in Indonesia.73Examples of positive pract