Thailand bans cryptocurrency use for payments
Thailand’s Security and Exchange Commission (SEC) has revealed it will introduce a ban on crypto as a method of payment from April 1 this year.
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.
BIS unveils green bond fund to finance sustainable projects in APAC
The Bank for International Settlements (BIS) has launched a green bond fund that is dedicated to aid the financing of green projects in Asia Pacific.
China defers new AML rules amid pushback and privacy concerns
The People 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.
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