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Capital / Liquidity
MAS Proposes New Rules for Crypto Firms, Stablecoin Issuers
By Manesh Samtani | 27/10/2022
Retail investors won’t be allowed leverage and will have to undergo a knowledge test. Stablecoin issuers will have strict rules on reserve assets and a S$1bn capital requirement.
Crypto / Digital Assets
BIS Innovation Hub Releases mBridge Report, Sets Out Next Steps
By Editors | 27/10/2022
The mBridge project team will continue working to get to a minimum viable product that can be used by early adopters next year.
Fintech / Regtech
GIFT City, Japan Fintech Body to Cooperate on Innovation
By Editors | 27/10/2022
GIFT City and the Fintech Association of Japan plan to launch a fintech accelerator and other entrepreneurial programmes.
Crypto / Digital Assets
Japan Credit Bureau to Develop CBDC Payments Solution
By Editors | 26/10/2022
JBC, IDEMIA and Soft Space plan to develop a CBDC payment solution and conduct a pilot test with Tokyo merchants.
Fintech / Regtech
Singapore Launches Code of Conduct for BNPL Providers
By Editors | 26/10/2022
BNPL customers will not be allowed to accumulate more than SGD 2,000 in outstanding payments at any given time.
Fintech / Regtech
Korea to “Significantly Expand” MyData Information Items
By Editors | 25/10/2022
The MyData service will be expanded to include information on tax payments, public pensions, loan deferrals, and more insurance data.
Fintech / Regtech
Thai SEC, DFSA Sign MOU on Fintech, Innovation Cooperation
By Editors | 25/10/2022
The agreement will help to promote cooperation on financial services regulation and fintech and regtech innovations.
ESG / Sustainability
BIS Innovation Hub, HKMA Tackle Green Bond Transparency
By Editors | 25/10/2022
Project Genesis 2.0 prototypes provided investors real-time transparency on the environmental impact of the use of proceeds from green bonds.
Fintech / Regtech
HKMA Officially Launches Commercial Data Interchange
By Sanday Chongo Kabange | 24/10/2022
The new platform will enable SMEs to get cheaper bank loans, and enable banks to access the information they need to assess creditworthiness.
Big Picture
BIS Innovation Hub, HKMA Publish Project Aurum Findings
By Editors | 24/10/2022
A two-tier prototype system was developed to test intermediated CBDC as well as stablecoins backed by CBDC in the interbank system.
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