Custody & Infrastructure

Structural Regulation

Taiwan FSC Eases Rules for Overseas Branches of Securities Firms

By Editors | 22/08/2021

Securities firms will be allowed to offer foreign currency custody services at overseas branches with a net value of TWD 4 billion, compared to TWD 10 billion previously.

CBDCs

Bank of Korea CBDC Pilot to Kick off This Month

By Editors | 09/08/2021

Ground X, Kakaobank, Kakao Pay, Consensys, Samsung and Onther are among the firms that will participate in the pilot. Phase one will be complete by December.

Payments & Settlements

India Launches New Digital Payment Solution Nationwide

By Manesh Samtani | 04/08/2021

e-RUPI is a QR code or SMS string-based prepaid e-voucher that can be used for purchases without an app, card, bank account, or internet access.

Custody & Infrastructure

CSRC Grants Citigroup Approval to Launch Custody Business

By Editors | 01/08/2021

The licence allows Citi to provide custody services for fund products issued by fund firms or other asset managers in China.

Cloud & Infrastructure

BOT Issues Guidance on Blockchain Adoption in Financial Services

By Sanday Chongo Kabange | 01/08/2021

The guideline covers blockchain application in financial businesses, project governance, security standards, and risk management, among other areas.

Cryptocurrency

Ripple Opens Japan-Philippines Remittance Corridor

By Manesh Samtani | 31/07/2021

Japan’s SBI Remit will connect with Coins.ph and crypto exchange SBI VC Trade to open the remittance corridor, leveraging Ripple’s on-demand liquidity service.

Cryptocurrency

Australia: Industry Body Seeks Greater Clarity on Crypto Regulation

By Sanday Chongo Kabange | 30/07/2021

Blockchain Australia has asked for safe harbour to be provided to ensure regulatory action will not be taken against crypto businesses where the law is unclear.

Cryptocurrency

BOT Warns Against Using Crypto As Means of Payment

By Sanday Chongo Kabange | 18/07/2021

If the use of digital assets as a means of payment for goods and services become widespread, the BOT will take action in coordination with the SEC.

CBDCs

ECB Launches Multi-year Digital Euro Project

By Ranamita Chakraborty | 15/07/2021

The plan is to allow regulated banks and fintechs to open accounts at the ECB so they can offer digital euro wallets to customers.