Fintech / Regtech

Crypto / Digital Assets

BIS Innovation Hub Unveils Findings from CBDC Project “Sela”

By Editors | 13/09/2023

The collaboration with HKMA and Bank of Israel demonstrated that retail CBDC can support access, cyber security and competition, while retaining cash features.

AML / KYC

Singapore’s PayNow to End ‘Nickname’ Feature Next Year

By Sanday Chongo Kabange | 12/09/2023

The removal of the nickname option from PayNow has been prompted by growing cases of scams and a need to bolster online security.

Fintech / Regtech

BIS, CBUAE Jointly Launch Sustainable Finance TechSprint

By Editors | 12/09/2023

The Techsprint is developed by CBUAE, alongside the COP28 Presidency, the Emirates Institute of Finance and the BIS.

Fintech / Regtech

HKMA, PBOC Enter Next Phase of e-CNY Technical Testing

By Editors | 11/09/2023

Hong Kong is expanding its technical testing to include more banks and testing the digital yuan wallet’s top-up function through FPS.

Crypto / Digital Assets

Hong Kong SFC Approves City’s First Real Estate STO

By Editors | 11/09/2023

Tykhe Capital Group will launch “Prince Token”, available only to professional investors. Subject to regulatory approval, the token will list on HKbitEX.

Fintech / Regtech

MAS to Exempt Some Market Operators from ACH/RCH Rules

By Editors | 10/09/2023

The exemption applies to platforms that provide services to facilitate trading and settlement, but don’t actually act as a central counterparty of clear or settle trades centrally.

Crypto / Digital Assets

CFTC Commissioner Urges Creation of Crypto Regulatory Sandbox

By Manesh Samtani | 10/09/2023

CFTC commissioner Caroline Pham said creating a pilot programme will enable the safe exploration of innovations involving crypto, digital assets, and tokenisation.

Crypto / Digital Assets

DeFi Unlikely to Be Used for Real-world Assets: BIS Paper

By Manesh Samtani | 10/09/2023

BIS paper examines the problems associated with oracles, which collect and disseminate data for use in DeFi smart contracts.

Crypto / Digital Assets

BSP Announces Key Technology Decision for CBDC Pilot

By Sanday Chongo Kabange | 10/09/2023

Participating financial institutions will test the use of wholesale CBDC technology alongside PhilPaSSplus in a sandbox environment.