Fintech / Regtech

Banque de France official says tokenisation increases operational risks, especially cyber risks, and needs to be regulated "as swiftly as possible".

The paper highlights the intertwined nature of DeFi protocols, the dependencies they can have on stablecoins, and how such dependencies can present vulnerabilities.

NAB plans allow clients to use the stablecoin for repo transactions, cross-border remittances, and carbon credits trading.

New paper from the BIS, IMF and World Bank assesses the benefits and challenges associated with using multilateral platforms for cross-border payments.

Funds should use technology to standardise and digitise disclosures of information on publicly-offered securities investment funds.

NPCI said NRIs in ten jurisdictions can use the UPI platform to digitally transfer funds, using their international mobile numbers.

Foreign shareholders can own up to 25% of a virtual bank. A BOT waiver raises this to a 49% limit. Three licences will be granted next year.

The strategic plan focuses on creating more opportunities for businesses and investors and ensuring the SET can accommodate capital market growth.

The FSS will develop billing standards and retroactively calculate fees MyData service providers will have to pay in 2024 for their usage in 2023.

One consultation will cover the attributes of a digital pound. The other will cover the UK's approach to regulating crypto and DeFi.