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Capital / Liquidity
PBOC, CBIRC Issue Draft Rules for Small Loans Businesses
By Editors | 03/11/2020
Microfinance businesses must have a registered capital of at least CNY 1 billion. Those operating across provincial borders must have at least CNY 5 billion.
AML / KYC
Singapore Bill to Align Payment Services Act with FATF Standards
By Editors | 03/11/2020
The bill will expand the definition of a DPT service, broaden the definition of cross-border money transfer service, and allow MAS to impose measures on DPT services providers.
Fintech / Regtech
RBA Launches New Project to Explore Wholesale CBDC
By Editors | 03/11/2020
The RBA has partnered with CBA, NAB, Perpetual and ConsenSys to explore if there is a future role for a wholesale CBDC in the Australian payments system.
Fintech / Regtech
HKMA to Target Accelerated RegTech Adoption in 2021
By Manesh Samtani | 03/11/2020
The HKMA wants to see banks embracing and trialling new technologies and proofs of concept, and ultimately adopting more Regtech solutions, said central banker Arthur Yuen.
Fintech / Regtech
HKMA Unveils Financial Infrastructure Project to Facilitate SME Lending
By Manesh Samtani | 02/11/2020
The HKMA is working with banks to study the feasibility of the ‘Commercial Data Interchange’, a new financial infrastructure to facilitate financial intermediation.
Fintech / Regtech
GFIN Invites Next Batch of Firms to Participate in Cross-border Testing
By Editors | 01/11/2020
Regulators from Australia, Canada, Hong Kong, Singapore, Taiwan, the UK and the US are among those participating in cross-border testing.
Fintech / Regtech
Cambodia Launches Central Bank Backed Digital Currency
By Editors | 28/10/2020
The digital currency, known as Bakong, allows users to transfer money using a mobile app by scanning QR codes or inputting the recipient’s phone number.
Crypto / Digital Assets
Malaysia’s Guidelines on Digital Assets Enter Into Force
By Editors | 28/10/2020
The Securities Commission invites parties interested in registering as IEO platform operators or digital asset custodians to start submitting their applications.
Crypto / Digital Assets
DBS to Launch Digital Exchange, Subject to Regulatory Approvals
By Editors | 28/10/2020
The exchange will offer trading services from fiat currencies to four of the top digital currencies in circulation, as well as capital raising through STOs.
Fintech / Regtech
HKMA Chief Hints at New Data Platform to Facilitate SME Lending
By Manesh Samtani | 27/10/2020
Banks can more precisely and objectively assess SME credit risk with access to more data, such as trading and turnover statistics, says HKMA chief Eddie Yue.
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