Common protocols and standards are needed to improve the use of DLT in post-trade processes and avoid market fragmentation.
ECB survey respondents cited privacy as the top priority feature for a potential digital euro, followed by security and usability across the euro area.
Digital IDs are perceived as beneficial for the fight against financial crime, an ACAMS-RUSI survey finds. However they may also present risks.
The policy seeks to improve fairness and transparency, and protect consumers from newly emerging financial crimes.
The revisions will allow sandbox participants to file requests to the FSC and other relevant authorities for changes to regulations.
Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.
The financial holding company will be separate from JD Digits’ other technology businesses, and is aimed at achieving compliance with new rules for China’s fintech sector.
Digital wallet providers and card networks will be able to directly connect to the RTGS and NEFT systems.
Hong Kong residents participating in pilot tests can use the digital yuan for purchases in Shenzhen.
Overseas Filipino Bank, formed as a policy bank to provide services to overseas Filipinos, has been granted a digital banking licence.
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