FINTECH / REGTECH

Fintech / Regtech

Malaysian Minister Calls for Adoption of Bitcoin as Legal Tender

By Editors | 23/03/2022

Deputy minister Zahidi Zainul Abidin says the government should consider adopting bitcoin and other cryptocurrencies as legal tender.

Crypto / Digital Assets

Australia Opens Consultation on Regulatory Regime for Crypto

By Manesh Samtani | 22/03/2022

The consultation proposes minimum standards of conduct, AML compliance obligations, and fit and proper requirements for directors and key persons.

Fintech / Regtech

India, China to Enable Cross-Border Payments With Arab World

By Editors | 21/03/2022

India’s NPCI and China’s UnionPay have signed agreements to establish interoperability with Buna, a payment system owned by the Arab Monetary Fund.

Big Picture

Financial Stability Risks from BigTech May Be Increasing: FSB

By Editors | 21/03/2022

The FSB warns that bigtechs could become so large or dominant that their failure could have a severe impact on economic activity and financial stability.

Fintech / Regtech

Australia Consults on Expansion of CDR to Non-Bank Lending

By Editors | 20/03/2022

The designation of non-bank datasets under the CDR will support creditworthiness assessments and compliance with responsible lending obligations.

Fintech / Regtech

Japan FSA Progresses Work on AI-based Translation System

By Editors | 19/03/2022

Translated financial documents were used as training data for the AI system, helping to improve the efficiency and accuracy of translations between Japanese and English.

Fintech / Regtech

Ripple Calls on Korea to Further Develop Digital Assets Framework

By Editors | 19/03/2022

New policy paper calls for the implementation of a “risk-sensitive” digital asset regulatory framework to provide certainty and encourage innovation in the sector.

Fintech / Regtech

Australian Regulators Call for Action to Regulate Crypto Sector

By Sanday Chongo Kabange | 18/03/2022

The RBA’s Philip Lowe, ASIC’s Joe Longo and APRA’s Wayne Byres are calling additional regulation to protect consumers from risks associated with the crypto sector.

Fintech / Regtech

BCBS Assesses Bank Use of AI & Machine Learning

By Editors | 18/03/2022

The BCBS is exploring banks’ use of AI/ML, specifically in the areas of explainability, governance, and resilience and financial stability.