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Crypto / Digital Assets
BOK to Establish CBDC Pilot System Within March
By Sanday Chongo Kabange | 01/03/2021
The BOK has almost completed the design and technical study of its CBDC, but does not intend to rush into the pilot before undertaking legal and regulatory assessments.
Crypto / Digital Assets
Etrading Software Becomes Registration Authority for DTIs
By Editors | 01/03/2021
The UK-headquartered technology provider has been nominated to become the registration authority for the new ISO standard for Digital Token Identifiers.
Fintech / Regtech
Westpac Announces New Partner in Digital Banking Push
By Ranamita Chakraborty | 01/03/2021
Westpac and SocietyOne have signed a partnership expand digital banking services to customers in the second quarter of this year.
Crypto / Digital Assets
Thailand SEC to Enhance Protections for Digital Asset Investors
By Editors | 01/03/2021
The SEC is consulting new qualifications for retail investors in digital assets, and requiring digital asset fund managers and investment advisors to be licensed.
Fintech / Regtech
FSC Korea Issues ‘MyData Services’ Guidelines Ahead of August Launch
By Editors | 27/02/2021
The guidelines require participating firms to ensure consumers have sufficient awareness of their privacy rights when consenting to data transfers.
Fintech / Regtech
Korea: Supervisory Power Struggle Deepens Between BOK, FSC
By Sanday Chongo Kabange | 25/02/2021
The BOK said it opposes the payment settlement system being used to oversee private transaction data, calling a revision bill proposed by the FSC a “Big Brother law”.
Fintech / Regtech
OJK Indonesia Urges Rural Banks to Digitalise Operations
By Editors | 25/02/2021
Efforts to digitalise are aimed at improving financial inclusion for ‘micro-entrepreneurs’ and other members of the unbanked or underbanked population in Indonesia.
AML / KYC
Financial Crime Challenges and Opportunities for the Year Ahead
By Editors | 24/02/2021
Financial crime compliance experts Radish Singh, Richard Carrick, Oonagh van den Berg and Michael Meadon discuss challenges and opportunities for the year ahead.
Fintech / Regtech
China, UAE Join HKMA-BOT Initiative to Create CBDC Bridge
By Manesh Samtani | 23/02/2021
The project, now called ‘m-CBDC Bridge’, will seek the development of a prototype to facilitate real-time cross-border transactions using multiple CBDCs.
AML / KYC
OJK to Require P2P Lenders to Report Transactions From 1 April
By Editors | 23/02/2021
The move is aimed at preventing the P2P lenders from being used for money laundering and terrorism financing, said OJK Deputy Director Munawar.
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