Fintech / Regtech

The e-CNY has built-in functionality to enable self-executing payments via smart contracts. The PBOC aims to fully launch the CBDC by the 2022 Winter Olympics.

The BOT will promote open data and infrastructure to facilitate SME access to credit. The sandbox rules will also be updated.

Government ministries will work with the central bank and national power utility to decide on rules governing the use of cryptocurrencies.

Cards held in a third-party wallet such as a bank app can pay in-store only if they are routed through Apple Pay for a cost.

SIX Digital Exchange is approved to act as a CSD and its associated company SDX Trading to act as a stock exchange.

The closure of almost 40 of Korea’s crypto exchanges would eliminate 42 so-called Kimchi coins and potentially result in $2.6bn in investor losses.

Project Ion will create an alternative clearance and settlement option for US equity markets that leverages distributed ledger technology.

A global regulatory framework for cryptoassets that only includes banks would exacerbate rather than contain financial stability risks.

The FSC and FSS have ordered Kakao and Naver to alter or halt the sale of financial products online and register as brokerages by 24 September.

Digital Asset, VMware, Macquarie Capital Securities and Maybank Investment Bank will participate in the dematerialisation proof-of-concept.