Fintech / Regtech

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.

Fintech / Regtech

RBA to Modernise Identity, Access Management Capabilities

By Ranamita Chakraborty | 04/06/2021

The RBA has issued a tender request inviting firms to supply it technology to enhance its identity and access management capabilities.

Capital / Liquidity

CBIRC Green-lights Ant Group Consumer Finance Unit

By Manesh Samtani | 04/06/2021

Ant will hold a 50% stake in the new unit, which forms a key part of the restructuring that was ordered to resolve regulatory concerns.

Fintech / Regtech

BOT Awards CBDC Contract to German Firm G+D

By Sanday Chongo Kabange | 03/06/2021

Bank of Thailand has plans to test the use of a retail CBDC within 2022 before full implementation over 3-5 years.

Fintech / Regtech

LINE to Roll Out Digital Banking Platform in Indonesia

By Ranamita Chakraborty | 03/06/2021

The launch will mean Japan’s LINE will be offering digital banking services in three of its biggest overseas markets, namely Indonesia, Thailand and Taiwan.