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Fintech / Regtech
PBOC to Expand CBDC Pilot to Additional Chinese Cities
By Editors | 05/04/2022
The e-CNY has been tested in ten cities. The PBOC will extend the pilot to additional cities including Hangzhou, which will host the Asian Games in September.
Fintech / Regtech
Australian Banks Get More Time for Joint Account Data Sharing
By Editors | 05/04/2022
Non‑major Australian banks are being given an additional three months to commence sharing of joint account data.
Fintech / Regtech
EU Lawmakers Vote to Adopt KYC Rules for Unhosted Crypto Wallets
By Darien Choong | 04/04/2022
The European Parliament voted to adopt requirements for crypto firms to gather and verify personally identifiable information of users of unhosted crypto wallets.
Fintech / Regtech
Visa, Western Union, GBBC Join Digital Dollar Project
By Editors | 03/04/2022
The new members were announced just weeks after President Joe Biden signed an executive order outlining a “whole-of-government approach” to evaluate digital assets including a CBDC.
AML / KYC
The Future of AML Auditing is Increasingly Digital
By Claus Christensen | 03/04/2022
A shift to digital-first AML auditing and more open communications will improve efficiency and effectiveness for regulators and regulated entities alike, writes Claus Christensen.
Fintech / Regtech
FCA Allows Crypto Firms to Continue Under Temporary Registration
By Editors | 03/04/2022
Though the deadline has passed, six cryptoasset firms with temporary registration can still continue to operate under temporary registration.
Crypto / Digital Assets
India Passes Legislation to Implement 30pc Crypto Tax
By Editors | 01/04/2022
Traders will not be able to offset losses against profits. A 1 percent tax will also be deducted at source for trading over INR 50,000 in a year.
Fintech / Regtech
APRA Sets Out Roadmap for Full Transition to APRA Connect
By Editors | 01/04/2022
APRA says it will receive all data collections through APRA Connect by 2027, and regulated entities should prepare by exploring automation opportunities.
AML / KYC
US DOJ Charges Two for NFT Fraud, Money Laundering
By Sanday Chongo Kabange | 01/04/2022
The two defendants promised benefits to NFTs buyers and then transferred the $1.1mn in crypto proceeds to various wallets under their control.
Fintech / Regtech
ISDA Publishes New Paper on Digital Regulatory Reporting
By Editors | 01/04/2022
DRR will allow for consistent rule interpretation, more streamlined and automated reporting, and fewer data quality issues, ISDA says.
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