Fintech / Regtech

RBI Tightens Rules for Debit and Credit Card Issuers

By Ajoy K Das | 11/03/2024

Card issuers are now required to put in place mechanisms to monitor the end use of funds for credit cards linked to business accounts.

Market Infrastructure

China Makes More Improvements to Payments Services for Foreigners

By Editors | 11/03/2024

The State Council released new guidelines. Alipay and WeChat Pay teamed up with NetsUnion Clearing Corp to optimise the use of foreign bank cards in China.

Crypto / Digital Assets

Indonesia OJK to Provide Boost to Financial Sector Innovation

By Editors | 11/03/2024

The new regulation refines the regulatory sandbox mechanism to add eligibility criteria and to allow testing in crypto asset products.

AML / KYC

INTERPOL Updates Guidance on AI Innovation in Law Enforcement

By Editors | 10/03/2024

The updated toolkit provides additional guidance for law enforcement agencies on AI governance, ethics and strategy development.

Securities / Derivatives

Vietnam: HoSE Commences Trial Run of New Trading System

By Editors | 10/03/2024

Deployment was initially planned for 2015, but the project has faced delays and setbacks, including the pandemic, extending the rollout to nearly ten years.

Fintech / Regtech

RBI to Require Card Issuers to Allow Customers to Choose Network

By Ajoy K Das | 08/03/2024

The RBI found from a review that some arrangements between card networks and card issuers are “not conducive to the availability of choice for customers”.

Crypto / Digital Assets

HKMA Commences wCBDC Project to Drive Tokenisation

By Editors | 07/03/2024

Project Ensemble could help to forge new financial market infrastructure that can bridge tokenised assets and money in transactions, the HKMA said.

Fintech / Regtech

BNM to Upgrade RENTAS, Including to Facilitate CBDC

By Sanday Chongo Kabange | 07/03/2024

BNM’s modernisation plan for RENTAS includes future-proofing the system and enhancing its risk management functionalities.

Crypto / Digital Assets

BIS Innovation Hub to Explore ‘Privacy by Design’ for CBDC

By Manesh Samtani | 07/03/2024

The BIS Innovation Hub and HKMA have launched Aurum 2.0, a project focused on building privacy features into CBDC systems.

Fintech / Regtech

BSP to Enhance Reporting Rules for Money Services Businesses

By Editors | 06/03/2024

MSBs would also need to notify the BSP within five days of any event which may have a significant negative impact on their business or reputation.

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