Payments & Settlements

    Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.

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    Stablecoins

    UK Regulator to Impose Limits on Stablecoin Payments

    By Mark Johnston | 18/04/2023

    The BOE and the FCA will propose new rules by year-end to ensure stablecoins are redeemable in fiat money and do not threaten financial stability.

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    Clearing & Post-Trade

    ASX Considers Closing Settlement Service for Unlisted Funds

    By Editors | 17/04/2023

    The mFund Settlement Service caters to unlisted managed funds. ASX is considering closing the service.

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    Payments & Settlements

    Japanese JCB Cards to be Accepted in Saudi Arabia

    By Editors | 14/04/2023

    JCB cards will be accepted at Points of Sale and ATMs across Saudi Arabia through a partnership with Saudi National Bank.

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    Structural Regulation

    Almost $3b Locked Up in Hong Kong MPF Accounts

    By Editors | 14/04/2023

    Advocacy group Hong Kong Watch estimates 96,000 people are being prevented from access their MPF funds after they moved to the UK with BNO passports.

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    Payments & Settlements

    Goldman to Offer Treasury Services to Japan Corporates

    By Editors | 13/04/2023

    Japan will be the first country in Asia where Goldman will offer transaction banking. The service is already offered in the US, UK, Germany and Netherlands.

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    Trading & Investment

    RBI to Permit Local Users to Access Onshore NDF Market

    By Editors | 09/04/2023

    The move is intended to further deepen the forex market in India and provide residents with greater hedging flexibility, RBI governor Shaktikanta Das said.

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    Cryptocurrency

    Binance.US Struggling to Secure Banking Services – Report

    By Mark Johnston | 08/04/2023

    Binance.US previously relied on either Signature Bank or Silvergate Capital to handle its customers’ cash deposits.

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    Payments & Settlements

    RBI Scraps Plans to Allow Firms to Develop UPI Alternative

    By Editors | 07/04/2023

    RBI deputy governor T Rabi Sankar says ‘new umbrella entity’ applicants did not propose solutions that were particularly innovative.

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    Clearing & Post-Trade

    UBS Executes Cross-border Intraday Repo on Broadridge Blockchain Platform

    By Editors | 06/04/2023

    Intraday repo provides a more efficient means of managing liquidity, while also providing additional funding flexibility and reducign operational risk.

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    Clearing & Post-Trade

    IMDA Conducts Paperless Cross-border Trade Using ETR

    By Sanday Chongo Kabange | 04/04/2023

    A paperless live shipment from Singapore to Thailand was successfully conducted through collaboration between IMDA, ExxonMobil, VLK and Bunkerchain.

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