FINTECH / REGTECH

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    Crypto / Digital Assets

    Hong Kong SFC Approves City’s First Real Estate STO

    By Editors | 11/09/2023

    Tykhe Capital Group will launch “Prince Token”, available only to professional investors. Subject to regulatory approval, the token will list on HKbitEX.

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    Fintech / Regtech

    MAS to Exempt Some Market Operators from ACH/RCH Rules

    By Editors | 10/09/2023

    The exemption applies to platforms that provide services to facilitate trading and settlement, but don’t actually act as a central counterparty of clear or settle trades centrally.

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    Crypto / Digital Assets

    CFTC Commissioner Urges Creation of Crypto Regulatory Sandbox

    By Manesh Samtani | 10/09/2023

    CFTC commissioner Caroline Pham said creating a pilot programme will enable the safe exploration of innovations involving crypto, digital assets, and tokenisation.

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    Crypto / Digital Assets

    DeFi Unlikely to Be Used for Real-world Assets: BIS Paper

    By Manesh Samtani | 10/09/2023

    BIS paper examines the problems associated with oracles, which collect and disseminate data for use in DeFi smart contracts.

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    Crypto / Digital Assets

    BSP Announces Key Technology Decision for CBDC Pilot

    By Sanday Chongo Kabange | 10/09/2023

    Participating financial institutions will test the use of wholesale CBDC technology alongside PhilPaSSplus in a sandbox environment.

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    Fintech / Regtech

    RBI Governor Launches New Features on UPI System

    By Editors | 08/09/2023

    The new features include voice-enabled payments, offline transfers, and NFC-enabled QR code payments.

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    Fintech / Regtech

    Malaysia SC Sets Rules for Offering Fractional Share Trading Services

    By Editors | 07/09/2023

    The guidelines seek to ensure stockbrokers have the necessary systems and controls to safeguard investors when offering them fractional share trading services.

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    Sanctions

    FCA Unveils Findings from Sanctions System Testing in Financial Sector

    By Manesh Samtani | 07/09/2023

    The FCA used a “new analytics-based tool” developed in-house that tests how effective firms are at identifying sanctioned individuals and entities.

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    Fintech / Regtech

    SEBI Developing AI Tool to Detect Fund Mis-selling

    By Editors | 07/09/2023

    The AI tool will be able to detect misselling that may go unnoticed using “rule-based supervision”, said SEBI chairperson Madhabi Puri Buch.

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    Fintech / Regtech

    Grab-Singtel Digital Bank Approved for Launch in Malaysia

    By Editors | 07/09/2023

    GXBank, backed by Grab, Singtel and Kuok Brothers, has become the first digital bank applicant to win approval to commence operations.

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