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AML / KYC
GLEIF Publishes Governance Details for Digitally Verifiable LEI
By Manesh Samtani | 08/02/2022
The vLEI Ecosystem Governance Framework is part of an initiative to ensure that every legal entity has a digital identity that can be trusted and easily verified.
Fintech / Regtech
UK Issues Tax Guidance for DeFi Lending & Staking
By Editors | 07/02/2022
CryptoUK says the approach would create an “unnecessary burden” for crypto investors and create tax compliance confusion.
Fintech / Regtech
More Banks Join Indonesia’s New Fast Payments System
By Sanday Chongo Kabange | 07/02/2022
BI-Fast launched in December with an initial 21 entities; 21 additional banks and Indonesia’s CSD have now also enrolled.
Fintech / Regtech
Myanmar Military Government Seeks to Launch Digital Currency
By Editors | 07/02/2022
Myanmar’s military regime is reportedly considering issuing a digital currency as a joint venture with local companies.
Fintech / Regtech
Facebook Sells Stablecoin IP and Tech Assets to Silvergate
By Sanday Chongo Kabange | 07/02/2022
The sale was announced after it became clear from dialogue with federal regulators that “the project could not move ahead”.
Fintech / Regtech
BOT Sets Out Plans for ‘New Financial Landscape’
By Mark Johnston | 07/02/2022
The BOT will introduce virtual bank licences, relax fintech investment limits for banks, promote open data, and establish TCFD aligned disclosure standards.
AML / KYC
Crypto Prepares for a Regulated Future
By David Liu | 07/02/2022
As crypto goes mainstream, regulatory compliance will require robust and financial institution-grade AML and KYC processes, says David Liu.
Fintech / Regtech
Singapore Gets New Methodologies to Assess Responsible AI Use
By Editors | 06/02/2022
A new open-source software toolkit has also been published to enable financial institutions to automate the fairness metrics assessment.
Fintech / Regtech
Australia to Expand CDR Across Financial Services Sectors
By Mark Johnston | 04/02/2022
The government will assess which datasets to prioritise across the non-bank lending, merchant acquirer, superannuation and insurance sectors.
Fintech / Regtech
Taiwan to Enable Secure Sharing of Personal Credit Score Data
By Darien Choong | 04/02/2022
Under a new mechanism, consenting parties can submit personal credit score data to the JCIC, which will encrypt the data and securely share it with qualified P2P lenders.
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