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Fintech / Regtech
Market Infrastructure
China Makes More Improvements to Payments Services for Foreigners
By Editors | 11/03/2024
The State Council released new guidelines. Alipay and WeChat Pay teamed up with NetsUnion Clearing Corp to optimise the use of foreign bank cards in China.
Crypto / Digital Assets
Indonesia OJK to Provide Boost to Financial Sector Innovation
By Editors | 11/03/2024
The new regulation refines the regulatory sandbox mechanism to add eligibility criteria and to allow testing in crypto asset products.
AML / KYC
INTERPOL Updates Guidance on AI Innovation in Law Enforcement
By Editors | 10/03/2024
The updated toolkit provides additional guidance for law enforcement agencies on AI governance, ethics and strategy development.
Securities / Derivatives
Vietnam: HoSE Commences Trial Run of New Trading System
By Editors | 10/03/2024
Deployment was initially planned for 2015, but the project has faced delays and setbacks, including the pandemic, extending the rollout to nearly ten years.
Fintech / Regtech
RBI to Require Card Issuers to Allow Customers to Choose Network
By Ajoy K Das | 08/03/2024
The RBI found from a review that some arrangements between card networks and card issuers are “not conducive to the availability of choice for customers”.
Crypto / Digital Assets
HKMA Commences wCBDC Project to Drive Tokenisation
By Editors | 07/03/2024
Project Ensemble could help to forge new financial market infrastructure that can bridge tokenised assets and money in transactions, the HKMA said.
Fintech / Regtech
BNM to Upgrade RENTAS, Including to Facilitate CBDC
By Sanday Chongo Kabange | 07/03/2024
BNM’s modernisation plan for RENTAS includes future-proofing the system and enhancing its risk management functionalities.
Crypto / Digital Assets
BIS Innovation Hub to Explore ‘Privacy by Design’ for CBDC
By Manesh Samtani | 07/03/2024
The BIS Innovation Hub and HKMA have launched Aurum 2.0, a project focused on building privacy features into CBDC systems.
Fintech / Regtech
BSP to Enhance Reporting Rules for Money Services Businesses
By Editors | 06/03/2024
MSBs would also need to notify the BSP within five days of any event which may have a significant negative impact on their business or reputation.
Big Picture
BIS Explores Design Features of Fast Payment Systems
By Editors | 05/03/2024
New BIS article outlines the main design features of fast payment systems that may foster adoption, such as allowing non-bank participation.
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