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Crypto / Digital Assets
Task Force Created to Align Digital Token Identifier With ISIN
By Editors | 12/06/2021
The task force is a joint collaboration between Etrading Software, the registration authority for the new ISO standard for DTIs, and ANNA.
Fintech / Regtech
FSC Korea Grants Preliminary Approval to ‘Kakao Insurance’
By Sanday Chongo Kabange | 11/06/2021
This first time the FSC has granted approval for digital insurance business to a new entrant that is not already an insurer.
Capital / Liquidity
BCBS Consults on Prudential Treatment of Cryptoasset Exposures
By Manesh Samtani | 11/06/2021
Bitcoin and other “Group 2 cryptoassets” will be subject to a 1250% risk weight to avoid exposing bank depositors and creditors to a loss.
Fintech / Regtech
French, Swiss Central banks Partner to Test Wholesale CBDC
By Sanday Chongo Kabange | 11/06/2021
Project Jura will investigate the potential benefits and challenges of wCBDC in settling cross-border payments.
Big Picture
WEF Publishes ‘Policy-maker Toolkit’ for Decentralised Finance
By Sanday Chongo Kabange | 10/06/2021
The report offers a range of policy actions that can be adopted for DeFi, ranging from the introduction of new licence types and imposing prohibitive measures to doing nothing at all.
Fintech / Regtech
FSC Korea Grants Toss Bank Final Approval to Operate as Digital Bank
By Manesh Samtani | 10/06/2021
With the final approval, Toss Bank will officially launch as early as September, making it the third internet-only bank in the country.
Fintech / Regtech
BSP Issues Two New Digital Bank Licences
By Ranamita Chakraborty | 09/06/2021
The BSP has now granted three digital bank licences to date, two of which are conversions from other types of banking licences.
Big Picture
BOE Issues Paper Exploring New Forms of Digital Money
By Sanday Chongo Kabange | 09/06/2021
The BOE seeks feedback on the discussion paper as it examines how CBDCs and stablecoins could impact the financial system and wider economy.
Crypto / Digital Assets
China’s Weibo Blocks Selected Crypto Influencer Accounts
By Sanday Chongo Kabange | 09/06/2021
The move follows joint action by three state-backed associations to bar their members from providing crypto-related services to customers.
Fintech / Regtech
HKMA Announces New Fintech Development Strategy
By Editors | 09/06/2021
The “Fintech 2025” strategy seeks the comprehensive adoption of technology in the financial sector by 2025 through a focus on five key areas.
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