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Fintech / Regtech
DBS, JP Morgan, Temasek Team Up on Cross-border Payments
By Manesh Samtani | 28/04/2021
An open platform will be developed to enable real-time cross-border multi-currency payments, trade finance, foreign exchange and DVP securities settlements.
Fintech / Regtech
China: Fintech Giants Pledge to Support Digital Yuan Push
By Sanday Chongo Kabange | 28/04/2021
Ant Group, Tencent, Huawei and JD.com have revealed that they were involved in the development and testing of the digital yuan.
Fintech / Regtech
Australia: Tax Reforms Proposed to Support Financial Hub Ambitions
By Ranamita Chakraborty | 27/04/2021
Under Senator Andrew Bragg’s proposal, technology and finance business that relocate to Australia would pay concessional tax rate for seven years.
Crypto / Digital Assets
Blockchain Groups Form New ASEAN Consortium to Drive Adoption
By Editors | 27/04/2021
Members include blockchain associations in Singapore, Indonesia, the Philippines, Malaysia, Thailand and Australia.
Fintech / Regtech
DBS Goes Live on Trade Finance Network Contour
By Editors | 27/04/2021
Digital LC capabilities will be offered in Australia, China, Hong Kong and Singapore via Contour from this month.
Fintech / Regtech
MAS Calls on Governments to Advance Digital Infrastructure
By Sanday Chongo Kabange | 27/04/2021
MAS will seek to build a consortium of countries to explore the potential of digital infrastructure for cross-border use.
Fintech / Regtech
Taiwan FSC Directs LINE Bank to Conduct Stress Tests
By Editors | 26/04/2021
LINE Bank services crashed on Thursday due to “system overload” just as it launched new digital banking services.
AML / KYC
HKMA Offers Guidance on Combatting Covid-19 Related Fraud, AML
By Manesh Samtani | 26/04/2021
The guidance emphasises the use of data from internal and external sources, proactive data analysis and information sharing to tackle emerging AML risks.
Crypto / Digital Assets
US House Passes Bill to Foster Innovation in Digital Assets
By Editors | 25/04/2021
The bill will require the SEC and CFTC to establish a digital asset working group to ensure collaboration between regulators and the private sector on digital assets.
Crypto / Digital Assets
UK Taskforce Publishes Digital Dispute Resolution Rules
By Sanday Chongo Kabange | 25/04/2021
The rules allow parties to digital transactions to quickly resolve disputes through arbitration, where decisions are implemented within smart contracts.
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