The project, now called ‘m-CBDC Bridge’, will seek the development of a prototype to facilitate real-time cross-border transactions using multiple CBDCs.
February 24, 2021Regulators will explore the feasibility of allowing individuals to use their annual foreign exchange quotas to invest in overseas markets.
February 22, 2021AD Cat-I Banks may post and collect margin in India for a permitted derivative contract entered into with a person resident outside India.
February 17, 2021Customer reserve funds must be deposited either at the PBOC or with an eligible commercial bank, and transferred only through a clearing institution.
January 28, 2021The banks helped grains merchants trade in deliverable FX forwards in contravention of foreign exchange regulations.
January 27, 2021The Ministry of Public Security arrested over 75,000 suspects and shut down thousands of online gambling platforms, payment platforms and underground banks in 2020.
January 21, 2021The Taiwan dollar is up 1.4% against the US dollar this year, raising concerns from the government that Taiwan could be labelled a manipulator by the US.
January 14, 2021SAFE has lowered the entry threshold for firms looking to participate in market making in the interbank foreign exchange market.
January 14, 2021The central bank said the relaxations will allow non-financial companies greater flexibility to manage currency risks and liquidity related to the Thai baht.
January 8, 2021The Tencent-backed virtual bank allows customers to bind their bank accounts to WeChat Pay HK for use in making payments in Hong Kong, China and Macau.
December 23, 2020