Six entities from the first cohort on retail payments have exited the sandbox. The second cohort on cross-border payments is commencing testing this month.
The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.
Fintech startups will test their business ideas for 11 weeks between 27 September and 10 December, and announce their results by year end.
Ant Group's lending businesses Huabei and Jeibei will also have to transfer data used for lending decisions to a new credit scoring joint venture.
SDAX allows asset owners to tokenise and list their assets as digital securities. Its first real estate token listing is expected within 2021.
Bithumb, Coinone, and Korbit will likely meet the 24 September deadline. Korean police are preparing for illegal incidents from exchanges that are forced to close.
Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.
Two applications were already under review. Nine new applications were received before the deadline. Only two more licences may be up for grabs.
Huobi was not able to fix deficiencies in its systems within various timelines stipulated by the SEC.
Banks worried about the implications of CBDCs should be more worried about stablecoins, DeFi and bigtech challenging their models, says Benoît Cœuré.
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