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Fintech / Regtech
Vietnam to Create Fintech Sandbox for Banking Sector
By Editors | 21/09/2021
The central bank will coordinating with government departments and agencies to develop a decree to enable the sandbox.
Fintech / Regtech
BSP Grants Sixth Digital Bank Licence to PayMaya
By Editors | 20/09/2021
The seventh and final digital bank is likely to be an existing bank applying to convert into a digital bank, but approval has been delayed.
Big Picture
CBDCs Theaten to Eat Into Banks’ Remittance Fees: Moody’s
By Ranamita Chakraborty | 20/09/2021
Fees and commissions banks charge for cross-border transactions will be reduced with wide adoption of CBDCs.
Fintech / Regtech
PBOC Targets February 2022 Launch of Digital Yuan
By Sanday Chongo Kabange | 20/09/2021
The e-CNY has built-in functionality to enable self-executing payments via smart contracts. The PBOC aims to fully launch the CBDC by the 2022 Winter Olympics.
Fintech / Regtech
BOT to Embrace Digital Technology in Regulatory Approach
By Pongnut Thanaboonchai | 18/09/2021
The BOT will promote open data and infrastructure to facilitate SME access to credit. The sandbox rules will also be updated.
Crypto / Digital Assets
Laos Authorises Six Companies for Crypto Mining, Trading
By Editors | 18/09/2021
Government ministries will work with the central bank and national power utility to decide on rules governing the use of cryptocurrencies.
Enforcement
ACCC Launches Formal Investigation into Apple Pay
By Editors | 17/09/2021
Cards held in a third-party wallet such as a bank app can pay in-store only if they are routed through Apple Pay for a cost.
Securities / Derivatives
FINMA Grants Approval Allowing SIX to Deal in Digital Securities
By Editors | 16/09/2021
SIX Digital Exchange is approved to act as a CSD and its associated company SDX Trading to act as a stock exchange.
Fintech / Regtech
Korean Crypto Exchange Closures to Cost Investors $2.6b
By Sanday Chongo Kabange | 16/09/2021
The closure of almost 40 of Korea’s crypto exchanges would eliminate 42 so-called Kimchi coins and potentially result in $2.6bn in investor losses.
Fintech / Regtech
DTCC to Launch DLT-Based Settlement Platform in Q1 2022
By Editors | 15/09/2021
Project Ion will create an alternative clearance and settlement option for US equity markets that leverages distributed ledger technology.
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