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’s finance ministry has loosened regulations around crypto tax in order to foster investment in the country’s digital asset market.
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.
The Monetary Authority of Singapore (MAS) has revealed that Best Execution practices must be provided by capital markets intermediaries to their customers.
Korea’s Financial Services Commission (FSC) has approved a set of regulatory revisions to help facilitate financial institutions’ overseas operation and investment activities.
The European Parliament has postponed a vote on crypto asset regulation after a leaked draft included a provision that sought to ban cryptocurrencies.
The National Bank of Pakistan has agreed to pay $55m in fines imposed on its New York branch by three US regulators.
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’.
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.
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.