FINTECH / REGTECH

    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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