The RBI removed a requirement for Indian residents to repatriate funds that lie idle for 15 days in GIFT City bank accounts. Restrictions on interest-bearing accounts also relaxed.
April 27, 2023Fusion Bank promises SMEs a "hassle-free" account opening experience and a six month exemption on fees for new accounts.
March 23, 2023A Hong Kong money changer and two directors were fined for operating a money service business before their licence application was approved.
March 10, 2023Planned legislative changes will include crypto-related phishing scams under the existing law on telecommunications-based financial fraud.
March 2, 2023The MoU is the first that brings together multiple ASEAN central banks under a single multilateral agreement to enhance cross-border payments.
November 15, 2022A CFR policy paper provides four recommendations to address de‑banking of fintechs, crypto exchanges and remittance firms.
October 4, 2022The central banks of Israel, Norway and Sweden will develop a "hub" to which they will connect their domestic proof-of-concept CBDC systems.
September 30, 2022Most remittance dealers and remittance network providers did not submit any SMRs in the reporting period assessed by AUSTRAC.
September 28, 2022Firms advertising crypto services to Philippine users will have to provide proof they have registered with the SEC as companies and with BSP as remittance and transfer providers.
May 30, 2022Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.
May 28, 2022