ICBC and BOC involved in trial which could preface introduction of blockchain-backed legal tender.
Report suggests 78-88% of currency supply will be back in the system within 2 months.
SFC identified 200 instances of non-compliance during 2016 inspections.
Government campaign aims to curb ‘rampant corruption’ including bribes, kickbacks, forgery and fraud.
SEBI chairman cites concerns about tax evasion, stock price manipulation.
New rules limit cash transactions, require compliance with Anti-Money Laundering Act provisions.
Banks will be allowed to use off-site agents, including at convenience stores, to provide withdrawals, conduct KYC.
Agreement covers cooperation on license exemptions and on-site visits for financial infrastructures and firms.
Central bank unit seeking 39 staff for roles in cybersecurity, research and innovation, systems audit.
Central bank officials accused of negligence in theft of $81 million.