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Tokenisation
Indian Banks to Develop Blockchain System for LCs
By Ranamita Chakraborty | 21/06/2021
The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.
Cloud & Infrastructure
InvestHK Launches 2021 Fintech Fast Track Programme
By Sanday Chongo Kabange | 21/06/2021
Selected companies will be showcased prominently at Hong Kong Fintech Week 2021 which takes place from 1 to 5 November.
Anti-Money Laundering
Korea Extends AML Compliance Deadline for Crypto Sector
By Sanday Chongo Kabange | 20/06/2021
The extension is primarily being allowed to ensure regulators can process applications received before the 24 September deadline.
CBDCs
AFIN, R3 Partner to Launch CBDC Sandbox on APIX Platform
By Editors | 16/06/2021
MAS’ Sopnendu Mohanty says the collaboration will enable the global fintech ecosystem to better understand financial innovations around digital currencies.
Cloud & Infrastructure
China to Expand Fintech Sandbox to More Regions – Report
By Sanday Chongo Kabange | 16/06/2021
The governments of Dalian, Guizhou, Hubei, Shanxi and Xinjiang have reportedly unveiled plans to launch new fintech sandboxes this year.
Cryptocurrency
More Chinese Provinces Restrict Crypto Mining Activity
By Sanday Chongo Kabange | 15/06/2021
Qinghai, Yunnan, and a prefecture in Xinjiang have joined Inner Mongolia in imposing restrictions on cryptocurrency mining.
Cryptocurrency
El Salvador Becomes First Country to Allow Bitcoin as Legal Tender
By Editors | 13/06/2021
El Salvador president Nayib Bukele is inviting bitcoin miners to set up at a state-owned geothermal facility powered by a volcano.
Custody & Infrastructure
Task Force Created to Align Digital Token Identifier With ISIN
By Editors | 12/06/2021
The task force is a joint collaboration between Etrading Software, the registration authority for the new ISO standard for DTIs, and ANNA.
Capital Adequacy
BCBS Consults on Prudential Treatment of Cryptoasset Exposures
By Manesh Samtani | 11/06/2021
Bitcoin and other “Group 2 cryptoassets” will be subject to a 1250% risk weight to avoid exposing bank depositors and creditors to a loss.
CBDCs
French, Swiss Central banks Partner to Test Wholesale CBDC
By Sanday Chongo Kabange | 11/06/2021
Project Jura will investigate the potential benefits and challenges of wCBDC in settling cross-border payments.
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