The FSC has outlined the work it has planned this year to promote financial innovation and digital finance.
LINE Bank could launch trial operations as soon as mid-March, with a view to launching full operations within the first half of the year.
The Osaka Digital Exchange, expected to launch in 2022, will provide an alternative to the TSE and strengthen Osaka’s proposition as a financial hub.
The revisions introduce graded entry norms to encourage innovation and make it easier for firms to participate in the sandbox.
Under the plan, Ant Group will fold all of its businesses into a financial holding company that will be subject to PBOC oversight and capital requirements.
The SEC is concerned that digital asset wallets and custodian services could be used for drug offences and money laundering.
NAB commenced discussions about a total acquisition of 86 400 in late 2020, having already owned an 18.3 percent stake in the neobank.
The proposed bill will also provide for the creation of a framework for an official digital currency that will be issued by the RBI.
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