Singapore’s Attorney General’s Chambers has established a Technology Crime Task Force and Virtual Currency Task Force.
MAS and SAMA will enable cooperation between their innovation departments and share information regarding fintech.
The FSC has also started developing regulatory guidelines on the use of AI in the financial industry, which will be completed by year-end.
Lawyer says Kakao owes compensation to users of its platforms who were affected by a fire at its data centre last year.
Zengin-Net has to produce a report explaining last week's outage and measures taken to prevent a recurrence.
The US and Singapore completed a joint mapping exercise to make their AI governance frameworks interoperable.
The new department will be dedicated to enhancing financial security and information protection in digital finance.
Bhutan has become the first sovereign state to implement a comprehensive decentralised digital identity framework.
The RBA will regulate new and emerging payments systems the same way as credit cards, EFTPOS and other transactions.
SIFMA said the proposed rules would impose unreasonable and unworkable requirements on brokers and advisors and limit their ability to use technology.
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