Sanday Chongo Kabange
Sanday Chongo Kabange is an experienced multimedia journalist and a contributor to Regulation Asia. He focuses on compliance, regulatory and legal issues for financial services.
Articles by Sanday Chongo Kabange
Big Picture
World Bank Paper Explores Barriers to Stablecoin, CBDC Adoption
28/05/2022
Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.
Crypto / Digital Assets
New Zealand Probes Fake Crypto Firm Over Missing Funds
26/05/2022
A company called Quwiex Limited disappeared with investor funds after saying its website was deactivated for an upgrade.
Market Infrastructure
BSP Issues Draft Operating Rules for RTGS Payment System
26/05/2022
The RTGS system shall be operated, managed and maintained by the BSP given its recent designation as a systemically important payment system.
Crypto / Digital Assets
SWIFT to Develop Capabilities to Interlink CBDCs With Payment Systems
25/05/2022
SWIFT will seek to interlink multiple CBDC platforms with existing payment systems, using existing bank messaging standards and authentication models.
Fintech / Regtech
Sumitomo Mitsui Trust to Establish Crypto Custody Company
25/05/2022
The new company will be a joint venture between Japanese crypto exchange Bitbank and hold digital assets for institutional investors.
Securities / Derivatives
Cambodia to List First Sovereign Bonds on CSX This Year
22/05/2022
Sovereign bonds will serve as a new financial instrument for institutional investors. CSX has launched a new mobile app for securities trading.
AML / KYC
Philippines Passes Law to Enhance Financial Consumer Protections
19/05/2022
The law grants regulators enhanced powers to address fraud and consumer complaints in a more timely manner.
Australian Groups Call for Better Regulation of BNPL Services
16/05/2022
Charities and consumer groups are calling for BNPL services to be regulated like other credit products to prevent unnecessary financial harm.
Fintech / Regtech
Korea to Lift Ban on ICOs, Enhance Investor Protections
11/05/2022
The new government will establish a regulatory framework for ICOs and introduce rules to guard investors against hacks, system errors and unauthorised transactions.
Fintech / Regtech
Thai SEC Prepares to Implement New Rules on Crypto-related Advertising
10/05/2022
The SEC will extend the transitional period to allow crypto firms more time to ensure their advertising content aligns with the new rules.
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