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Enforcement
Regulators Order Ant Group to Establish Financial Holding Company
By Manesh Samtani | 12/04/2021
Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.
Fintech / Regtech
JD Digits to Set Up Financial Holding Company: Report
By Sanday Chongo Kabange | 12/04/2021
The financial holding company will be separate from JD Digits’ other technology businesses, and is aimed at achieving compliance with new rules for China’s fintech sector.
Fintech / Regtech
RBI to Extend RTGS, NEFT Connectivity to Nonbanks
By Editors | 10/04/2021
Digital wallet providers and card networks will be able to directly connect to the RTGS and NEFT systems.
Fintech / Regtech
PBOC Starts Testing Digital Yuan in Hong Kong
By Sanday Chongo Kabange | 10/04/2021
Hong Kong residents participating in pilot tests can use the digital yuan for purchases in Shenzhen.
Fintech / Regtech
Overseas Filipino Bank Obtains Digital Bank Licence
By Ranamita Chakraborty | 09/04/2021
Overseas Filipino Bank, formed as a policy bank to provide services to overseas Filipinos, has been granted a digital banking licence.
Crypto / Digital Assets
Thailand SEC to Require Crypto Investors to Have Experience
By Sanday Chongo Kabange | 08/04/2021
Under the new regulations, cryptocurrency investors must have previous experience or training to prove their knowledge of cryptocurrency.
Crypto / Digital Assets
BNM to Explore Benefits of CBDC Issuance Through PoCs
By Sanday Chongo Kabange | 07/04/2021
BNM does not have any immediate plans to issue a CBDC but will actively assess the potential value proposition of digital currencies.
Fintech / Regtech
RBI Orders MobiKwik to Investigate Alleged Data Breach
By Ranamita Chakraborty | 07/04/2021
The RBI has asked the payments provider Mobikwik to carry out an immediate forensic audit following allegations of a data breach.
Fintech / Regtech
Thailand to Start Testing Retail CBDC in Q2 2022
By Sanday Chongo Kabange | 07/04/2021
The BOT says the retail digital baht will provide access to convenient and secure financial services without affecting Thailand’s financial system.
Fintech / Regtech
Japan Starts Testing Central Bank Digital Currency
By Sanday Chongo Kabange | 07/04/2021
The first phase of testing will involve experiments on the basic functions of the CBDC as a payment instrument.
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