Fintech / Regtech

Crypto / Digital Assets

GFMA Report Details How DLT Will Benefit Capital Markets

By Editors | 18/05/2023

The report calls for market participants to proactively shape the future use of DLT and for policymakers to provide greater regulatory clarity.

Big Picture

BIS Paper Identifies Gaps in Regulatory Frameworks for Crypto

By Manesh Samtani | 18/05/2023

The paper says authorities should consider regulations for utility tokens, governance tokens, DeFi actors, and crypto firms that resemble financial conglomerates.

Crypto / Digital Assets

Canvas Completes First FX Transaction Using Australian CBDC

By Sanday Chongo Kabange | 18/05/2023

The eAUD was traded for foreign currency stablecoin USDC, representing the first foreign exchange transaction using the RBA’s pilot CBDC.

Securities / Derivatives

Futu, Tiger Brokers to Delist from Chinese App Stores

By Editors | 17/05/2023

The online brokers were ordered in December to stop opening accounts for mainland investors to invest in Hong Kong and US markets.

AML / KYC

Australian Banks Launch New Fraud Reporting Platform

By Editors | 16/05/2023

The platform streamlines communications so banks can alert each other in real time when funds have been sent to a suspected scammer’s account.

AML / KYC

Philippine AMLC Issues New Sanctions Screening Guidance

By Editors | 13/05/2023

An AMLC review found deficiencies including excessive manual processes, high false positives, and a lack of understanding of how sanctions screening systems operate.

Fintech / Regtech

Key Committees in EU Parliament Vote to Adopt “AI Act”

By Editors | 13/05/2023

The rules are aimed at supporting AI innovation while also protecting rights, strengthening oversight, and ensuring mature governance and enforcement.

Fintech / Regtech

China Unveils National Blockchain Centre to Boost DLT Innovation

By Mark Johnston | 12/05/2023

The centre will develop blockchain technology and train over 500,000 DLT specialists in China.

Crypto / Digital Assets

BIS Innovation Hub Publishes Guidance on Offline CBDC Payments

By Editors | 12/05/2023

The new handbook is intended as a guide for central banks that are considering the potential implementation of CBDCs with offline functionality.