AI, Technology & Data

Data Privacy

UK-Singapore Digital Economy Agreement Enters Into Force

By Darien Choong | 15/06/2022

The agreement promotes cooperation on cross-border data flows, fintech, cybersecurity, and mutual recognition of digital identity systems.

Custody & Infrastructure

Russia Launches Blockchain-Based Alternative to SWIFT

By Editors | 14/06/2022

Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.

Structural Regulation

MAS, IFC, UNDP Launch Global MSME Empowerment Programme

By Editors | 14/06/2022

The programme will seek to help MSMEs build financial literacy and digital skillsets, address financing gaps and improve financial inclusion.

Cloud & Infrastructure

Japan, Singapore to Explore Mutual Recognition of Digital Identity

By Editors | 14/06/2022

Mutual recognition of digital identity credentials is part of an agreement to cooperate on the digital transformation of government services.

DeFi & Web3

Regulating the Metaverse: A “Metacode” of Conduct

By Kanv Pandit | 14/06/2022

Kanv Pandit highlights the need for a ‘metacode of conduct’ to protect metaverse users from loss and fraud until regulation catches up.

Fraud, Scams & Cybercrime

Taiwan Lawmakers Call for Stronger Anti Fraud Rules

By Editors | 14/06/2022

One lawmaker said the rules should be changed to make banks bear some responsibility for protecting customers from fraud while using their services.

Trading & Investment

Philippine Bourse to Permanently Close Trading Floor

By Editors | 13/06/2022

The pandemic has prompted brokers to conduct their trading activities off-site and hastened the PSE’s migration to ‘floorless trading’.

Structural Regulation

Guangzhou Activates Plans to Become GBA Wealth Hub

By Darien Choong | 09/06/2022

Guangzhou’s financial regulator will seek to attract talent and capital to the city and promote it as a wealth and asset management centre.

Cryptocurrency

US Senators Propose Regulatory Framework for Crypto Assets

By Manesh Samtani | 08/06/2022

The CFTC would be granted authority over crypto spot markets, based on the understanding that “most digital assets are more similar to commodities than securities”.