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Fintech / Regtech
Enforcement
Morgan Stanley Fines Staff Over Use of Messaging Platforms
By Editors | 27/01/2023
The penalties ranged from several thousand dollars for some staff to more than USD 1 million for others, cut from past bonuses or future pay.
Fintech / Regtech
New Network Launches to Facilitate Stablecoin, CBDC Transfers
By Editors | 27/01/2023
Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.
Big Picture
Tokenisation Can Threaten Financial System Stability: Denis Beau
By Mark Johnston | 25/01/2023
Banque de France official says tokenisation increases operational risks, especially cyber risks, and needs to be regulated “as swiftly as possible”.
Fintech / Regtech
BIS Paper Offers Technical Model for Assessing DeFi Risks
By Editors | 24/01/2023
The paper highlights the intertwined nature of DeFi protocols, the dependencies they can have on stablecoins, and how such dependencies can present vulnerabilities.
Crypto / Digital Assets
NAB to Launch AUD Stablecoin Around Mid Year
By Manesh Samtani | 20/01/2023
NAB plans allow clients to use the stablecoin for repo transactions, cross-border remittances, and carbon credits trading.
Big Picture
Multilateral Platforms Will Benefit Cross-Border Payments
By Sanday Chongo Kabange | 20/01/2023
New paper from the BIS, IMF and World Bank assesses the benefits and challenges associated with using multilateral platforms for cross-border payments.
Fintech / Regtech
China Releases New Data Standards for Public Fund Disclosures
By Editors | 18/01/2023
Funds should use technology to standardise and digitise disclosures of information on publicly-offered securities investment funds.
Fintech / Regtech
Non-Resident Indians Allowed to Make UPI Transfers
By Editors | 17/01/2023
NPCI said NRIs in ten jurisdictions can use the UPI platform to digitally transfer funds, using their international mobile numbers.
Crypto / Digital Assets
Thai Stock Exchange Unveils Three Year Strategic Plan
By Sanday Chongo Kabange | 16/01/2023
The strategic plan focuses on creating more opportunities for businesses and investors and ensuring the SET can accommodate capital market growth.
Fintech / Regtech
Korea to Start Charging for Use of Open Banking Platform
By Editors | 16/01/2023
The FSS will develop billing standards and retroactively calculate fees MyData service providers will have to pay in 2024 for their usage in 2023.
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