Crypto / Digital Assets

US Judge Revokes Bankman-Fried Bail for Witness Tampering

13/08/2023

Sam Bankman-Fried gave documents to journalists and tried to interfere with witnesses. He was taken to jail on Friday.

Fintech / Regtech

RBI Announces Planned Upgrades to UPI System

13/08/2023

One new feature will enable users to initiate UPI transactions by conversing with an AI-powered system. Japan is exploring a potential UPI linkage.

AML / KYC

RUSI Publishes Virtual Assets Risk Assessment Guide

12/08/2023

The guide offers a ‘virtual assets risk assessment framework’, as well as risk mitigation strategies and best practices.

AML / KYC

Bangladesh Banks Directed to Simplify Account Opening for NRBs

12/08/2023

Banks are directed to launch digital systems to enable non-resident Bangladeshis to open accounts and invest in the country from overseas.

AML / KYC

US, UK, Canada Sanction Former Governor of Lebanon Central Bank

11/08/2023

The former governor and his close associates were sanctioned for “corrupt acts” that contributed to Lebanon’s economic crisis.

Capital / Liquidity

Sri Lanka Frees Up $620m in Liquidity Through SRR Cut

11/08/2023

The CBSL cut the SRR from four percent to two percent to free up liquidity and support an expansion of credit flows to the economy.

Crypto / Digital Assets

US SEC to Settle Case Against Crypto Firm Bittrex for $24m

11/08/2023

Bittrex and its co-founder and former CEO agreed to settle the SEC case for $24mn. The firm previously said it was exiting the US market due to a lack of regulatory clarity.

New Zealand Set to Unveil Regulatory Framework for BNPL

11/08/2023

BNPL lenders will have to complete comprehensive credit reporting when customers sign up or increase their credit limit.

Fintech / Regtech

China Proposes to Tighten Rules on Use of Facial Recognition Tech

11/08/2023

The draft rules prohibit the misuse of facial recognition technology by entities and in public spaces including banks.