FINTECH / REGTECH

Securities / Derivatives

China: Stock Exchanges Issue New Programme Trading Rules

By Mark Johnston | 12/06/2024

HFT will be subject to differentiated fees based on indicators such as the number and frequency of orders submitted and withdrawn.

Crypto / Digital Assets

FSC Korea to Establish Dedicated Virtual Assets Division

By Editors | 12/06/2024

The new division is being created as a temporary organisation to establish an effective disciplinary system for the virtual asset market.

AML / KYC

IFSCA Issues Regulatory Framework for “BATF Services” in GIFT City

By Ajoy K Das | 11/06/2024

The IFSCA has notified a regulatory framework for book-keeping, accounting, taxation and financial crime compliance services offered at GIFT City.

Fintech / Regtech

Korea: Short Selling Monitoring System To Be Ready in March 2025

By Sanday Chongo Kabange | 11/06/2024

South Korea’s ban on short selling can only be lifted after the new Naked Short Selling Detection System is in place.

Crypto / Digital Assets

HSBC China Launches e-CNY Services for Corporate Clients

By Sanday Chongo Kabange | 11/06/2024

HSBC China has become one of the first foreign banks in the country to provide digital yuan services to both corporate and retail customers.

Fintech / Regtech

UK PSR Rejects Calls to Delay Fraud Reimbursement Rules

By Editors | 11/06/2024

Interim head of the PSR, David Geale, said there was a need to “act quickly” on APP fraud and that the new rules would be introduced in October as planned.

Fintech / Regtech

India, Peru Sign Agreement to Develop Instant Payments

By Ajoy K Das | 10/06/2024

NPCI’s international arm signed an agreement with Peru’s central bank to develop a fast payment system similar to India’s UPI.

Fintech / Regtech

RBI to Set Up Digital Platform to Minimise Payment Fraud

By Ajoy K Das | 10/06/2024

The RBI said the platform will allow “network level intelligence and real-time data sharing across the digital payments’ ecosystem”.

Fintech / Regtech

US Treasury Seeks Input on Use of AI in Financial Services

By Manesh Samtani | 07/06/2024

Treasury Secretary Janet Yellen said the use of AI in finance presents “tremendous opportunities and significant risks”.