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Crypto / Digital Assets
G7 Leaders Pledge to Develop Common Principles for CBDCs
By Sanday Chongo Kabange | 07/06/2021
CBDCs should operate within appropriate privacy frameworks and minimise spillovers, the G7 Finance Ministers said in a communique.
Fintech / Regtech
Five Parties Identified as Seeking Malaysia Digital Bank Licence
By Ranamita Chakraborty | 04/06/2021
A consortium involving Pertama Digital, Crowdo and INFOPRO is applying for a licence. Axiata Group and RHB Bank are jointly applying for another.
Fintech / Regtech
RBA to Modernise Identity, Access Management Capabilities
By Ranamita Chakraborty | 04/06/2021
The RBA has issued a tender request inviting firms to supply it technology to enhance its identity and access management capabilities.
Capital / Liquidity
CBIRC Green-lights Ant Group Consumer Finance Unit
By Manesh Samtani | 04/06/2021
Ant will hold a 50% stake in the new unit, which forms a key part of the restructuring that was ordered to resolve regulatory concerns.
Fintech / Regtech
BOT Awards CBDC Contract to German Firm G+D
By Sanday Chongo Kabange | 03/06/2021
Bank of Thailand has plans to test the use of a retail CBDC within 2022 before full implementation over 3-5 years.
Fintech / Regtech
LINE to Roll Out Digital Banking Platform in Indonesia
By Ranamita Chakraborty | 03/06/2021
The launch will mean Japan’s LINE will be offering digital banking services in three of its biggest overseas markets, namely Indonesia, Thailand and Taiwan.
Crypto / Digital Assets
DeFi May Be Subject to Licensing Requirement, Warns Thai SEC
By Sanday Chongo Kabange | 03/06/2021
The SEC warned that failure to obtain a licence for the issuance of digital tokens on DeFi platforms could be punishable under the Digital Assets Act.
Crypto / Digital Assets
Bursa Malaysia Concludes Blockchain Bond POC with STACS
By Sanday Chongo Kabange | 03/06/2021
The collaborative efforts from the PoC have established a new ‘Bond in a Box’ operating model that shows commercial potentials, the project report says.
AML / KYC
Addressing Sanctions Risk in Maritime Trade
By Manesh Samtani | 02/06/2021
Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.
Crypto / Digital Assets
DBS Issues First STO on New Digital Exchange
By Sanday Chongo Kabange | 01/06/2021
The issuance paves the way for other issuers to access the capital markets through STO issuances as asset tokenisation turns mainstream, DBS says.
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