Payments & Settlements

Stablecoins

Facebook Sells Stablecoin IP and Tech Assets to Silvergate

By Sanday Chongo Kabange | 07/02/2022

The sale was announced after it became clear from dialogue with federal regulators that “the project could not move ahead”.

Structural Regulation

BOT Sets Out Plans for ‘New Financial Landscape’

By Mark Johnston | 07/02/2022

The BOT will introduce virtual bank licences, relax fintech investment limits for banks, promote open data, and establish TCFD aligned disclosure standards.

Trading & Investment

SSE, SZSE Notify Market of New Bond Trading Rules

By Editors | 05/02/2022

The rules introduce new modes of trading and greater settlement flexibility to encourage more institutional investors to participate in the exchange bond market.

Data Privacy

Australia to Expand CDR Across Financial Services Sectors

By Mark Johnston | 04/02/2022

The government will assess which datasets to prioritise across the non-bank lending, merchant acquirer, superannuation and insurance sectors.

Data Privacy

Taiwan to Enable Secure Sharing of Personal Credit Score Data

By Darien Choong | 04/02/2022

Under a new mechanism, consenting parties can submit personal credit score data to the JCIC, which will encrypt the data and securely share it with qualified P2P lenders.

Cloud & Infrastructure

BSP Launches Open Finance Roadmap, Financial Inclusion Strategy

By Editors | 02/02/2022

The open finance roadmap paves the way for greater collaboration and data sharing between FIs and fintechs, which will help boost financial inclusion.

PEPs & Sanctions

Preparing for New Russia-Related Sanctions, Export Controls

By Nick Turner | 01/02/2022

Nick Turner and Steptoe partners summarize noteworthy US proposals for imposing Russia-related sanctions over the situation in Ukraine.

Payments & Settlements

HKMA Unveils Plans to Link eTradeConnect, CDI, mBridge

By Manesh Samtani | 28/01/2022

HKMA’s Eddie Yue said the combined power of the three infrastructures will pave the way for digitalising cross-border trade across APAC.

Payments & Settlements

Malaysia, Indonesia Launch Cross-border QR Payments Linkage

By Editors | 27/01/2022

The linkage will eventually be expanded to support real-time cross-border fund transfers. The 2nd phase of Malaysia’s QR payment linkage with Thailand has also gone live.