Guangdong police have reportedly frozen about 4,000 bank accounts belonging to cryptocurrency traders in a crackdown on illicit activities.
Airstar Bank commits to becoming "Everyone’s Bank", contrasting itself with conventional banking models which focus on high net-worth individuals.
The framework and toolkit allow FinTechs to benchmark themselves against minimum standards on outsourcing, technology risk, and cyber hygiene, helping to fast-track onboarding with FIs.
Designated 'data specialising institutions' will be able to use anonymised and pseudonymised customer data for statistical and industry research and for public documentation purposes.
The new division will study the use of AI and big data to deliver more sophisticated economic forecasts and statistical data, and ramp up efforts to develop CBDC capabilities.
The public release of the data is expected to contribute to the advancement of the data economy and fintech industry, while also creating more jobs in data-driven innovative services.
The BOT will seek to use sandbox testing to ensure P2P lending platform providers adopted appropriate risk management and user protection practices.
The competition will seek innovative solutions that can help financial institutions respond to two critical global challenges: Covid-19 and climate change.
The FSC supports the development of innovative authentication mechanisms that can provide convenience, safety and security in electronic financial transactions.
Regulated entities will be granted facilities and flexibilities to experiment with fintech solutions in a live environment, on a limited set of real customers, for a limited time frame.
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