Thai banks will be allowed to invest up to 3 percent of capital in digital asset businesses. Such investment must also be ring-fenced from core banking operations.
March 28, 2022The Singapore FinTech Association has formed a working group under MAS guidance to develop a BNPL framework for launch later this year.
March 24, 2022The FSB warns that bigtechs could become so large or dominant that their failure could have a severe impact on economic activity and financial stability.
March 22, 2022The RBA's Philip Lowe, ASIC's Joe Longo and APRA's Wayne Byres are calling additional regulation to protect consumers from risks associated with the crypto sector.
March 18, 2022Senator Andrew Bragg said the government should hire experts to permanently work on crypto regulation within a dedicated unit of Treasury.
March 15, 2022The US Treasury and other agencies are directed to submit a series of reports within six months recommending a policy approach for digital assets.
March 10, 2022Banks and financial institutions will have until the end of this year to improve their systems and policies to ensure compliance with the code.
March 9, 2022The FSS said it will strengthen its supervision of "new trading assets such as NFTs" and "prepare countermeasures" if necessary to protect consumers against damage.
February 21, 2022The plan envisions the development of a financial standard system that is in line with international standards and driven by market forces, led by the government.
February 10, 2022ASIC reportedly decided against including scam prevention as part of its ePayments Code review as a result of "fierce pushback" from major banks.
February 9, 2022