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AML / KYC
GLEIF to Include Organisational Role Information in vLEI
By Editors | 29/03/2022
GLEIF says the new ISO 5009 standard facilitates a universal approach for including official organisational role information in digital ID credentials.
Fintech / Regtech
Australia Consults on Regulatory Framework for Financial Advice
By Sanday Chongo Kabange | 29/03/2022
The consultation asks how fintech could help reduce financial advice costs and how to make advice more accessible, including through robo-advisers.
Fintech / Regtech
Alibaba, Tencent Tighten Platform Rules Governing NFTs – Report
By Darien Choong | 29/03/2022
NFTs in China are sold in yuan rather than crypto, do not use public decentralised blockchains, and cannot be resold after purchase.
Fintech / Regtech
Bank of Japan Concludes Phase One CBDC Testing
By Editors | 28/03/2022
Phase one testing explored the feasibility of CBDC issuance, distribution and redemption. Phase two will test additional functions starting next month.
Fintech / Regtech
HKMA Issues Additional Guidance for SVF Licensees
By Editors | 28/03/2022
New practice note offers guidance on governance, outsourcing, internal controls, technology risk, and business conduct, among other areas.
Fintech / Regtech
RBI Establishes Innovation Hub to Promote Fintech Innovation
By Editors | 27/03/2022
RBI governor Shaktikanta Das said the underlying focus of the innovation hub will be to promote inclusive access to financial services and products.
Capital / Liquidity
BOT to Cap Bank Investment in Digital Asset Businesses
By Editors | 27/03/2022
Thai banks will be allowed to invest up to 3 percent of capital in digital asset businesses. Such investment must also be ring-fenced from core banking operations.
Fintech / Regtech
OECD Proposes Tax Reporting Framework for Crypto-assets
By Editors | 27/03/2022
The framework would require intermediaries to identify their customers and their tax jurisdictions, and then report their aggregate transaction values annually.
Fintech / Regtech
Guangzhou to Pilot Regulatory Sandbox for Capital Markets
By Editors | 26/03/2022
Applications from capital markets firms looking to participate in the fintech regulatory sandbox are being accepted until 15 April 2022.
Fintech / Regtech
IOSCO Forms New Task Force Targeting DeFi Regulation
By Manesh Samtani | 26/03/2022
The task force, chaired by MAS assistant managing director Tuang Lee Lim, will help coordinate policy action to address the risks in DeFi.
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