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Fintech / Regtech
Big Picture
BIS Paper Identifies Gaps in Regulatory Frameworks for Crypto
By Manesh Samtani | 18/05/2023
The paper says authorities should consider regulations for utility tokens, governance tokens, DeFi actors, and crypto firms that resemble financial conglomerates.
Crypto / Digital Assets
Canvas Completes First FX Transaction Using Australian CBDC
By Sanday Chongo Kabange | 18/05/2023
The eAUD was traded for foreign currency stablecoin USDC, representing the first foreign exchange transaction using the RBA’s pilot CBDC.
Securities / Derivatives
Futu, Tiger Brokers to Delist from Chinese App Stores
By Editors | 17/05/2023
The online brokers were ordered in December to stop opening accounts for mainland investors to invest in Hong Kong and US markets.
AML / KYC
Australian Banks Launch New Fraud Reporting Platform
By Editors | 16/05/2023
The platform streamlines communications so banks can alert each other in real time when funds have been sent to a suspected scammer’s account.
AML / KYC
Philippine AMLC Issues New Sanctions Screening Guidance
By Editors | 13/05/2023
An AMLC review found deficiencies including excessive manual processes, high false positives, and a lack of understanding of how sanctions screening systems operate.
Fintech / Regtech
Key Committees in EU Parliament Vote to Adopt “AI Act”
By Editors | 13/05/2023
The rules are aimed at supporting AI innovation while also protecting rights, strengthening oversight, and ensuring mature governance and enforcement.
Fintech / Regtech
China Unveils National Blockchain Centre to Boost DLT Innovation
By Mark Johnston | 12/05/2023
The centre will develop blockchain technology and train over 500,000 DLT specialists in China.
Crypto / Digital Assets
BIS Innovation Hub Publishes Guidance on Offline CBDC Payments
By Editors | 12/05/2023
The new handbook is intended as a guide for central banks that are considering the potential implementation of CBDCs with offline functionality.
Fintech / Regtech
HKMA Issues Regtech Guide on Protecting Customer Data
By Editors | 10/05/2023
The guide offers implementation advice for using Regtech solutions to enhance customer privacy protection and streamline data processing operations.
AML / KYC
HK Police Launch Advisory Panel to Help Combat Cybercrime
By Editors | 09/05/2023
The panel members will share recent technological developments, information on potential threats, and practical advice on police technologies.
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