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Crypto / Digital Assets
Laos Authorises Six Companies for Crypto Mining, Trading
By Editors | 18/09/2021
Government ministries will work with the central bank and national power utility to decide on rules governing the use of cryptocurrencies.
Enforcement
ACCC Launches Formal Investigation into Apple Pay
By Editors | 17/09/2021
Cards held in a third-party wallet such as a bank app can pay in-store only if they are routed through Apple Pay for a cost.
Securities / Derivatives
FINMA Grants Approval Allowing SIX to Deal in Digital Securities
By Editors | 16/09/2021
SIX Digital Exchange is approved to act as a CSD and its associated company SDX Trading to act as a stock exchange.
Fintech / Regtech
Korean Crypto Exchange Closures to Cost Investors $2.6b
By Sanday Chongo Kabange | 16/09/2021
The closure of almost 40 of Korea’s crypto exchanges would eliminate 42 so-called Kimchi coins and potentially result in $2.6bn in investor losses.
Fintech / Regtech
DTCC to Launch DLT-Based Settlement Platform in Q1 2022
By Editors | 15/09/2021
Project Ion will create an alternative clearance and settlement option for US equity markets that leverages distributed ledger technology.
Capital / Liquidity
JBA Calls for Global Cryptoasset Regulations for Non-banks
By Manesh Samtani | 15/09/2021
A global regulatory framework for cryptoassets that only includes banks would exacerbate rather than contain financial stability risks.
Enforcement
Korean Tech Giants Told to Comply with Consumer Protection Law
By Sanday Chongo Kabange | 15/09/2021
The FSC and FSS have ordered Kakao and Naver to alter or halt the sale of financial products online and register as brokerages by 24 September.
Fintech / Regtech
Bursa Malaysia to Explore Dematerialised Structured Warrants
By Editors | 15/09/2021
Digital Asset, VMware, Macquarie Capital Securities and Maybank Investment Bank will participate in the dematerialisation proof-of-concept.
Fintech / Regtech
RBI Opens Applications for Third Sandbox Cohort
By Editors | 15/09/2021
Six entities from the first cohort on retail payments have exited the sandbox. The second cohort on cross-border payments is commencing testing this month.
Fintech / Regtech
Singapore, India to Enable Real-time Cross-border Payments
By Sanday Chongo Kabange | 15/09/2021
The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.
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