Fintech / Regtech

Action initiation functionality will be applied first in the banking sector to enable the development of new, competitive and consumer-focused payment services.

The new committee will issue recommendations on existing technology projects and propose new suptech and regtech tools to improve SEBI's capabilities.

Australia's Council of Financial Regulators have endorsed the Treasury's plan to form a new working group on the regulation of the crypto-ecosystem.

The second phase of the ongoing CBDC trails between the Mainland and Hong Kong will involve connecting e-CNY wallets to Hong Kong’s FPS.

CBDC is a critical and likely enabler for DLT-based securities settlement and collateral management, with stablecoins providing a possible alternative, the paper says.

Guidance from the Crypto Climate Accord describes how stakeholders in the crypto sector can measure, track, and report their electricity use and GHG emissions.

Benoît Cœuré said the "wake-up call" for regulators has been the rapid growth of DeFi, as its interconnectedness with traditional finance creates potential systemic risk.

Contractual standards for digital asset derivatives will provide a foundation for the market and help enhance transparency, liquidity and price discovery.

Binance's recent investment in Hg Exchange rendered its licensing application “somewhat redundant", CEO Changpeng Zhao said.

The plan includes measures to establish a market-oriented data pricing mechanism, strengthen data governance and security, and establishment data trading platforms.