Bank of Canada and MIT collaborate on CBDC project
The Bank of Canada and the Massachusetts Institute of Technology (MIT) will collaborate on a 12-month project exploring central bank digital currencies (CBDCs).
Thailand eases crypto tax regulations to promote digital asset investments
Thailand’s finance ministry has loosened regulations around crypto tax in order to foster investment in the country’s digital asset market.
Cambodia introduces code of conduct for banks and FIs
Cambodia has unveiled a code of conduct for banks and financial institutions with the aim of promoting more effective and responsible banking and financial practices.
Best Execution requirements officially introduced in Singapore
The Monetary Authority of Singapore (MAS) has revealed that Best Execution practices must be provided by capital markets intermediaries to their customers.
Korea’s FSC alters rules to promote business expansion overseas of FIs
Korea’s Financial Services Commission (FSC) has approved a set of regulatory revisions to help facilitate financial institutions’ overseas operation and investment activities.
European Parliament postpones crypto regulation vote amid backlash
The European Parliament has postponed a vote on crypto asset regulation after a leaked draft included a provision that sought to ban cryptocurrencies.
US regulators slap National Bank of Pakistan with $55m fine
The National Bank of Pakistan has agreed to pay $55m in fines imposed on its New York branch by three US regulators.
China defers new AML rules amid pushback and privacy concerns
The People’s Bank of China (PBOC) has said it is postponing the introduction of new rules that firm up cash withdrawal and deposit scrutiny due to ‘technical reasons’.
FinTech CEOs call on regulators to speed up Kalifa review reforms
More than 70 FinTech CEOs have called on regulators and the UK government to speed up the reforms of the Kalifa review for the FinTech sector in an open letter.
How the Bank of England is helping to fight climate change
As the fight against climate change continues to expand in industry upon industry, many of the big players in finance are readjusting their policies to ensure they can aid the fight.