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Fintech / Regtech
Crypto / Digital Assets
BIS and APAC Central Banks Release Results of Project Mandala
By Sanday Chongo Kabange | 29/10/2024
Project Mandala demonstrated that jurisdiction-specific regulatory requirements can be embedded in cross-border transaction protocols.
Fintech / Regtech
MAS Issues Amended E-Payments User Protection Guidelines
By Nithya Subramanian | 29/10/2024
The guidelines take effect the same day as the new Shared Responsibility Framework for phishing scams. MAS also issued a circular on anti-scam measures for MPIs that provide e-wallets.
Fintech / Regtech
HKMA Establishes Tokenisation Partnerships with Thailand, Brazil
By Sanday Chongo Kabange | 29/10/2024
The HKMA will collaborate with the central banks of Thailand and Brazil to explore cross-border tokenisation use cases, leveraging the Project Ensemble sandbox.
Crypto / Digital Assets
Central Banks Explore Multiple CBDC Uses as e-CNY Faces Roadblocks
By Georgina Lee | 29/10/2024
While China largely focuses on retail payments for its CBDC, other central banks are exploring use cases involving tokenised real estate investments and DeFi transactions.
Fintech / Regtech
HKMA, PBOC to Pilot Cross-Boundary Payments Link in Mid-2025
By Sanday Chongo Kabange | 29/10/2024
The HKMA says a pilot launch for a cross-boundary payment linkage between Hong Kong’s FPS and China’s IBPS will tentatively launch in mid-2025.
Fintech / Regtech
Hong Kong Sets Policy Approach to AI Development
By Manesh Samtani | 28/10/2024
The Hong Kong government will promote the development of AI in the financial sector, subject to proper governance and risk mitigation being in place.
Crypto / Digital Assets
HKEX to Launch Virtual Asset Index Series on 15 November
By Editors | 28/10/2024
HKEX said the index series will provide pricing benchmarks for Bitcoin and Ether in the Asian time zone which can be used for the settlement of financial products.
ESG / Sustainability
IAIS Published Strategic Plan for 2025-2029
By Mark Johnston | 27/10/2024
The strategic plan focuses on climate change, digital innovation, cyber risks, and building societal resilience.
Fintech / Regtech
HKMA Finalises Revisions to E-Banking Risk Management Guideline
By Manesh Samtani | 27/10/2024
The revisions incorporate requirements set out in various supervisory documents issued last year to address fraud risk.
Sanctions
BRICS Nations Agree to Continue Working on Cross-Border Payments
By Manesh Samtani | 27/10/2024
Russia has proposed an alternative platform for international payments, but few practical steps have been taken so far towards implementation.
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