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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.
Cryptocurrency
Korean Crypto Exchanges Start to Close Amid Regulatory Pressure
By Editors | 04/08/2021
Up to 11 cryptocurrency exchanges in Korea are planning to shut down after their deposit accounts were linked to fraudulent activities.
Cryptocurrency
Bangladesh Bank Reiterates Ban on Cryptocurrency
By Sanday Chongo Kabange | 04/08/2021
Bangladesh Bank sought to clarify its stance after reports emerged suggesting that crypto transactions are only illegal if they are linked to other crimes.
Fraud, Scams & Cybercrime
Crypto Crime Reaches Record Levels in Hong Kong
By Editors | 04/08/2021
Victims lost HK$214m in cryptocurrency crimes in the first half of 2021, compared to HK$114.4mn across all of 2020.
Sustainable Finance
PBOC Sets Out Action Plan for Second Half of 2021
By Sanday Chongo Kabange | 04/08/2021
Key focus areas include promoting a greener financing system, resolving major financial risks, promoting financial opening-up, and cracking down on crypto trading.
Cryptocurrency
US House Bill Offers Regulatory Framework for Crypto
By Manesh Samtani | 02/08/2021
The bill would give the SEC authority over digital asset securities, the CFTC authority over digital assets, and the Fed authority to issue a digital dollar.
Cryptocurrency
UPDATED – MAS Grants “In-Principle Approval” to First DPT Provider
By Manesh Samtani | 02/08/2021
MAS has clarified that notices have been issued to several applicants and that “in-principle approval” is not an official term.
Cryptocurrency
Regulatory Pressure on Binance Builds With Malaysia Ban
By Manesh Samtani | 01/08/2021
Malaysia’s SC has announced enforcement actions. Binance is winding down its derivatives business in Europe. India is probing its involvement in a betting probe.
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.
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