Fintech / Regtech

Big Picture

WEF Publishes ‘Policy-maker Toolkit’ for Decentralised Finance

By Sanday Chongo Kabange | 10/06/2021

The report offers a range of policy actions that can be adopted for DeFi, ranging from the introduction of new licence types and imposing prohibitive measures to doing nothing at all.

Fintech / Regtech

FSC Korea Grants Toss Bank Final Approval to Operate as Digital Bank

By Manesh Samtani | 10/06/2021

With the final approval, Toss Bank will officially launch as early as September, making it the third internet-only bank in the country.

Fintech / Regtech

BSP Issues Two New Digital Bank Licences

By Ranamita Chakraborty | 09/06/2021

The BSP has now granted three digital bank licences to date, two of which are conversions from other types of banking licences.

Big Picture

BOE Issues Paper Exploring New Forms of Digital Money

By Sanday Chongo Kabange | 09/06/2021

The BOE seeks feedback on the discussion paper as it examines how CBDCs and stablecoins could impact the financial system and wider economy.

Crypto / Digital Assets

China’s Weibo Blocks Selected Crypto Influencer Accounts

By Sanday Chongo Kabange | 09/06/2021

The move follows joint action by three state-backed associations to bar their members from providing crypto-related services to customers.

Fintech / Regtech

HKMA Announces New Fintech Development Strategy

By Editors | 09/06/2021

The “Fintech 2025” strategy seeks the comprehensive adoption of technology in the financial sector by 2025 through a focus on five key areas.

AML / KYC

European Commission Proposes European Digital Identity Regulation

By Sanday Chongo Kabange | 08/06/2021

To expedite the initiative, the European Commission has issued a recommendation for member states to establish a common toolbox by September 2022.

Crypto / Digital Assets

G7 Leaders Pledge to Develop Common Principles for CBDCs

By Sanday Chongo Kabange | 07/06/2021

CBDCs should operate within appropriate privacy frameworks and minimise spillovers, the G7 Finance Ministers said in a communique.

Fintech / Regtech

Five Parties Identified as Seeking Malaysia Digital Bank Licence

By Ranamita Chakraborty | 04/06/2021

A consortium involving Pertama Digital, Crowdo and INFOPRO is applying for a licence. Axiata Group and RHB Bank are jointly applying for another.