The new rules, which takes effect on 1 August, require mobile apps to force users to authenticate their identities.
Ant Group is reportedly aiming to file a preliminary IPO prospectus as early as next month, subject to regulatory feedback on its financial holding company setup.
The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.
The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.
A new BIS bulletin highlights a growing trend in DeFi to rely on forms of centralisation, and a need for it to ultimately fall within the regulatory umbrella.
The BSP plans to start using big data sources and applications in 2023, starting with an index that will analyse online news to gauge the sentiment.
High cash balances resulted in lower returns for robo-adviser clients. The effect of this "cash drag" was not disclosed to clients, the SEC said.
The Association of Banks in Singapore has selected MonetaGo and GUUD to deliver a registry that will prevent duplicate financing and fraud.
Effective implementation of business continuity plans was a key factor contributing to operational resilience, says new report.
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