AML / KYC

Japan Crypto Industry to Adopt Travel Rule by April 2022

07/04/2021

The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan’s crypto industry.

Fintech / Regtech

Thailand to Start Testing Retail CBDC in Q2 2022

07/04/2021

The BOT says the retail digital baht will provide access to convenient and secure financial services without affecting Thailand’s financial system.

Fintech / Regtech

Japan Starts Testing Central Bank Digital Currency

07/04/2021

The first phase of testing will involve experiments on the basic functions of the CBDC as a payment instrument.

Fintech / Regtech

Thailand, Vietnam Launch Cross-Border QR Code Link

03/04/2021

The retail payment link will facilitate cross-border transactions between Thailand and Vietnam using local currencies.

Crypto / Digital Assets

PBOC Proposes Global Rules for CBDC Monitoring, Data Sharing

01/04/2021

The PBOC suggests CBDC systems of different jurisdictions should be interoperable for monitoring and information sharing.

Fintech / Regtech

BOJ Forms Committee to Lead CBDC Testing in April

01/04/2021

The BOJ Liaison and Coordination Committee will share details and provide updates on the PoC with the private sector and the government.

Securities / Derivatives

China Proposes Tighter Rules for Credit Rating Agencies

30/03/2021

The proposed rules seek to strengthen supervision of credit rating agencies, improve their independence and quality controls, and ensure more realistic ratings.

ESG / Sustainability

US Fed Creates Financial Stability Climate Committee

29/03/2021

The Financial Stability Climate Committee will compliment the Supervision Climate Committee, which focuses on addressing risks at individual banks.

China Regulators to Punish Property Speculators for Loan Misuse

29/03/2021

Banks are instructed to identify borrowers misusing business loans for property speculation. A nationwide regulatory inspection will run until 31 May.