FINTECH / REGTECH

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    Crypto / Digital Assets

    Indian Crypto Firms Call for UPI Access to be Restored

    By Karen Ng | 22/05/2023

    The calls for UPI access to be restored come after India’s government added virtual assets to the country’s Prevention of Money Laundering Act in March.

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    Fintech / Regtech

    ASX Will No Longer Use Blockchain for CHESS Replacement System

    By Mark Johnston | 22/05/2023

    ASX said the rebuild will need to use “a more conventional technology” and no longer involve blockchain or DLT.

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    AML / KYC

    Report Warns of Elevated Digital Attacks Rate Throughout 2023

    By Sanday Chongo Kabange | 21/05/2023

    LexisNexis Risk Solutions published a new report showing a 50 percent year-on-year increase in APAC’s payment attack rate.

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    Fintech / Regtech

    34 FIs Have Joined Swift Service for Addressing Settlement Fails

    By Editors | 19/05/2023

    The service leverages the UTI to link all Swift messages related to the same securities settlement flow in a transaction chain.

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    Fintech / Regtech

    Korea Establishes Taskforce to Improve Data Regulations

    By Editors | 19/05/2023

    The taskforce was established to lay the groundwork for promoting “data-driven innovation” in the financial industry.

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    Fintech / Regtech

    FSC Korea Vows to “Actively” Support AI-based Financial Services

    By Sanday Chongo Kabange | 19/05/2023

    FSC chairman Kim Joo-hyun asked FIs to actively invest in and use AI to strengthen the global competitiveness of Korea’s financial industry.

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    Crypto / Digital Assets

    GFMA Report Details How DLT Will Benefit Capital Markets

    By Editors | 18/05/2023

    The report calls for market participants to proactively shape the future use of DLT and for policymakers to provide greater regulatory clarity.

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    Big Picture

    BIS Paper Identifies Gaps in Regulatory Frameworks for Crypto

    By Manesh Samtani | 18/05/2023

    The paper says authorities should consider regulations for utility tokens, governance tokens, DeFi actors, and crypto firms that resemble financial conglomerates.

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    Crypto / Digital Assets

    Canvas Completes First FX Transaction Using Australian CBDC

    By Sanday Chongo Kabange | 18/05/2023

    The eAUD was traded for foreign currency stablecoin USDC, representing the first foreign exchange transaction using the RBA’s pilot CBDC.

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    Securities / Derivatives

    Futu, Tiger Brokers to Delist from Chinese App Stores

    By Editors | 17/05/2023

    The online brokers were ordered in December to stop opening accounts for mainland investors to invest in Hong Kong and US markets.

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