Only one of 63 central bank respondents has said it is very likely to issue a central bank digital currency in the next six years.
Currently, investment firms collecting funds from investors in cryptocurrency do not explicitly fall under Japan’s Financial Instruments and Exchange Act.
In the year ahead, banks will have to focus on seamless data integration and regtech adoption to cope with increasingly complex regulatory reporting requirements, says Wolters Kluwer’s Wouter Delbaere.
The FSA is gauging industry interest in crypto ETFs, following its release of a new draft framework for the sector that could become law in 2020.
A new central bank policy document outlines recommendations for financial institutions developing and publishing Open Data APIs.
Stock brokers and depository participants will have to report information on systems based on artificial intelligence and machine learning.
The second round of public consultation is open until 15 January, after stakeholders asked for more time to study the draft rules.
Malaysia's central bank has raised expectations on the board and senior management to ensure effective oversight and governance of outsourcing arrangements.
South Korea's Upbit is alleged to have used bots to manipulate trading volumes and prices to attract investors to the exchange. Two officers and an employee have been indicted.
SEBI is examining whether legislative changes are required for the sandbox, as it seeks to enable the use of machine learning, artificial intelligence and blockchain in capital markets.