Applications from stablecoin issuers would be "deemed approved" if regulators do not reach a decision within 4.5 months from the application.
April 21, 2023Cake DeFi's Henry Loh discusses the importance of credit risk management and clearer regulatory guidance to promote trust in the crypto sector.
April 10, 2023The FSC said the new loan facility is being introduced to protect borrowers from illegal private finance and predatory lending.
March 23, 2023ISDA says the definitions set clear provisions for execution and settlement and will help to reduce credit and market risk in digital asset trading.
January 27, 2023Standard Chartered has said there is no evidence of a data leak, that it would arrange refunds, and that it has strengthened its monitoring systems in response.
December 18, 2022CBA’s terms and conditions acknowledged that sometimes the bank ‘can get things wrong, and when this happens’ it is ‘determined to make them right again'.
December 1, 2022Securities firms will be allowed to design more diversified trust products, enabling them to better meet customers' financial planning needs, the FSC said.
August 11, 2022The SEC amended capital requirements and other rules for crypto firms. The BOT issued draft rules for banks dealing in crypto. Two crypto exchanges were penalised.
July 16, 2022Crypto asset service providers will be required to implement customer protection measures and robust AML/CFT safeguards including the travel rule.
July 1, 2022BNM will take supervisory and enforcement actions against banks that fail to protect their customers from fraud risk.
June 13, 2022