Sheng Songcheng says bitcoin lacks 'fundamental attributes', but advocates government-derived virtual currency as Beijing-based institute researches blockchain and related financial technologies.
Hong Kong needs to beware as Australia and Singapore regulators issue game-changing initiatives.
Revised comingling rules would allow lenders to invest up to 10% of capital funds in non-financial businesses.
Securities watchdog looks to bring more regulation and compliance technology into innovation hub, sandbox.
Regulators encourage mutual support and cooperation as industry players eye billions in cost savings.
ASIC urged to work with government to help cut regulatory costs, relax requirements.
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