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Crypto / Digital Assets
Thai SEC Proposes Rules to Protect Custodied Digital Assets
By Pongnut Thanaboonchai | 30/08/2021
The SEC has proposed new additional requirements for digital asset businesses regarding the custody of clients’ assets, both fiat money and cryptocurrency.
Capital / Liquidity
Thai Bankers’ Association Agrees to Facilitate Debt Restructuring
By Editors | 26/08/2021
Bank of Thailand and the Thai Bankers ’Association have agreed on measures to facilitate debt restructuring for long-term debtors.
Market Infrastructure
Bank Indonesia Issues Framework for Open Banking
By Sanday Chongo Kabange | 26/08/2021
Under the framework, 16 banks and payment service providers will be required to adopt open API systems by June 2022.
Market Infrastructure
S. Korea, Sri Lanka Become First in APAC to Raise Interest Rates
By Editors | 26/08/2021
The BOK is looking to curb household debt and home prices. The CBSL wants to stem inflationary pressure and the depreciation of the local currency.
AML / KYC
APG Releases 2021 Typologies Report, Case Studies
By Editors | 26/08/2021
The report includes information on the risks associated with proliferation financing, Covid-19, cryptocurrencies, shell companies, and real estate.
Market Infrastructure
BSP to Roll Out Unified Data Standards for FIs by Year-End
By Ranamita Chakraborty | 25/08/2021
The framework seeks to ensure that all the information obtained by and passed through different digital channels is handled ethically.
Fintech / Regtech
BOT Confirms Plans to Pilot Retail CBDC in Q2 2022
By Sanday Chongo Kabange | 24/08/2021
The CBDC will be cash-like and non-interest-bearing, to ensure that it does not compete with deposits or cause runs on financial institutions.
Capital / Liquidity
BOT Announces Measures to Incentivise Debt Restructuring
By Pongnut Thanaboonchai | 24/08/2021
The incentive scheme involves a relaxation of capital reserve requirements through flexible implementation of classification and provisioning guidelines.
Fintech / Regtech
BSP to Close Application Window for Digital Banks
By Editors | 23/08/2021
The application window will be closed for three years. Applications received by 31 August will be processed on a first-come, first-served basis.
Market Infrastructure
BSP Designates RTGS System as Systemically Important
By Ranamita Chakraborty | 23/08/2021
The BSP was granted authority to designate systemically important payment systems under the National Payment Systems Act, which was signed into law in 2018.
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