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Market Infrastructure
Malaysia to Boost Digital Payments with $110m Giveaway
By Editors | 15/01/2020
Every Malaysian aged 18 years and above, and earning less than 100,000 ringgit a year, is eligible to receive a one-off 30 ringgit through one of three e-wallet companies.
ESG / Sustainability
Singapore Launches New VCC Framework for Funds
By Manesh Samtani | 15/01/2020
To mark the launch, 20 investment funds have established or re-redomiciled in Singapore as VCCs. To encourage adoption, MAS will fund up to 70% of eligible expenses to set up a VCC.
Market Infrastructure
US Finalises Rules Expanding Foreign Investment Review Process
By Editors | 15/01/2020
Foreign investors will be subject to the CFIUS national security review process even for deals to take a non-controlling interest in certain US companies.
Market Infrastructure
IMF Calls for Global Response to Address Cybersecurity Threat
By Editors | 15/01/2020
To reap the benefits of new technologies to develop markets and expand financial inclusion, the security of information and communications technologies must be ensured.
Fintech / Regtech
RBI Amends Penalties Framework for Payments System Operators
By Editors | 14/01/2020
The new penalty for violations will be capped at 500,000 rupees, or double the amount of contravention, whichever is higher.
Market Infrastructure
Thailand Developing Foundation for Digital Banking – Report
By Editors | 14/01/2020
The efforts are aimed at developing data from non-financial sources, an electronic identification system, and a suitable regulatory framework.
Market Infrastructure
Malaysia Joins Digital Banking Revolution with Exposure Draft
By Natalie Curtis | 14/01/2020
Herbert Smith Freehills breaks down Malaysia’s new framework for digital banks, comparing the regime to those in Singapore and Hong Kong.
Market Infrastructure
QME to Leverage Blockchain to Standardise Warehouse Receipts
By Editors | 13/01/2020
HKEX’s Qianhai Mercantile Exchange will use blockchain tech from Ant Financial to provide verifiable warehouse receipts which will help commodities businesses to obtain financing.
Market Infrastructure
Amex Closer to Entering China Bank Card Market – Report
By Editors | 13/01/2020
The latest approval comes over two years after Amex was approved to start preparing a joint venture business with local partner LianLian.
Fintech / Regtech
S. Korea Passes Bills Enabling Commercialisation of Data
By Editors | 13/01/2020
The bills allow the commercial use of unidentified individuals without seeking their consent. A new data exchange will be launched in March.
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