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Big Picture
Policy Reforms Needed for Platform-based Financial Services: BIS
By Sanday Chongo Kabange | 13/01/2022
A BIS paper says platform-based business models can lower costs and aid financial inclusion, but they can also give rise to digital monopolies and oligopolies.
Crypto / Digital Assets
BIS, SNB, SIX Complete wCBDC Integration Test with Bank Systems
By Editors | 13/01/2022
In the second phase of Project Helvetia, a wholesale CBDC was used to test settlement of interbank, monetary policy and cross-border transactions with banking systems.
Fintech / Regtech
Thailand Taxation Rules for Crypto to be Ready Soon
By Mark Johnston | 13/01/2022
A 15% capital gains tax will be applied to investors as well as operators of crypto mining facilities, but not crypto exchanges.
Fintech / Regtech
HKMA to Introduce Regulatory Framework for Stablecoins
By Mark Johnston | 13/01/2022
Only Hong Kong incorporated entities licensed by the HKMA would be allowed to actively market stablecoins to the local public.
Fintech / Regtech
MAS Publishes Global CBDC Challenge 2021 Report
By Editors | 11/01/2022
MAS hopes to galvanise the financial ecosystem to co-create the next generation of payment rails built on the latest innovations.
Fintech / Regtech
FSC to Enable Greater Access to Data Convergence Services
By Sanday Chongo Kabange | 10/01/2022
Rule changes will enable smaller firms with no data samples of their own to access anonymised data originating from other businesses.
Fintech / Regtech
RBI Establishes Dedicated Fintech Unit to Promote Innovation
By Editors | 10/01/2022
The new department will seek to promote innovation in the financial sector including by exploring policy interventions by the RBI.
Crypto / Digital Assets
Former CFTC Chair Calls for Dedicated US Crypto Regulator
By Sanday Chongo Kabange | 09/01/2022
Such a bureau would have its own authorisation and financing, and adopt the mandates of both the CFTC and SEC, said J. Christopher Giancarlo.
Fintech / Regtech
Korean Presidential Hopeful to Use NFTs for Campaign Fundraising
By Sanday Chongo Kabange | 07/01/2022
The Democratic Party of Korea’s Lee Jae-myung is set to become the world’s first presidential candidate to raise campaign funds using NFTs.
Fintech / Regtech
PBOC Outlines 2022-2025 Fintech Development Plan
By Editors | 07/01/2022
The plan includes measures to strengthen fintech governance, enhance data capabilities, and establish a new ‘green’ data centre.
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