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Tag: consultation paper

DeFi Meets TradFi: Hong Kong’s ZA Bank Targets Stablecoin Issuers

Hong Kong's virtual lender ZA Bank is embracing digital finance by engaging with potential stablecoin issuers to establish fiat reserve accounts. This initiative marks a significant...

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For Hong Kong, stablecoins go beyond payments

Hong Kong is not the first jurisdiction to come up with a regulatory regime for stablecoins. But its response may become the most significant. That...

How Will MAS New Amendments Impact Financial Crime Enforcement – Fintech Singapore

by Johanan Devanesan February 22, 2024 The Monetary Authority of Singapore’s (MAS) legislative reform initiative, encapsulated in the Financial Institutions (Miscellaneous Amendments) Bill (FIMA Bill), signifies...

Hong Kong Chamber of Commerce Wants Chinese Yuan-Backed Stablecoin – Decrypt

The Hong Kong General Chamber of Commerce has proposed the issuance of a stablecoin backed by the Chinese yuan.In a statement accompanying proposals for...

Happy Sixth Birthday to Open Banking!

Open Banking celebrated six years young on the 15th of January, making this the perfect time to give the industry a JROC (Joint Regulatory...

Bank of England and HM Treasury’s response to Digital Pound consultation: What is next?

The Bank of England (BoE) and HM Treasury published a response to their joint consultation paper on 25 January 2024, setting out their assessment...

Regulatory and Legislative Analysis – December 2023

Regulatory and Legislative Analysis – December 2023January 3, 2024Demetrios TseasRegulatory and Legislative Analysis – GLOBALEgmont Group releases report summary highlights for Terrorist Finance Risks...

Fraud Vs Innovation: How Asia’s Crypto Watchdogs Will Struggle To Strike A Balance In 2 – CryptoInfoNet

South Korea puts spotlight on investor protection.Wave of scams in Hong Kong drives regulators to impose new licensing rules.The Philippines runs out of patience...

Hong Kong’s Proposed Stablecoin Regulations Poses Challenge To USDT, USDC

The Hong Kong stablecoin regulation lays stringent rules for licensing, posing threat to stablecoins like USDT (Tether) and USDC (Circle). Hong...

MAS to Beef up Protection for Insurance Policy Owners with Revised Scheme – Fintech Singapore

by Fintech News Singapore December 7, 2023 The Monetary Authority of Singapore (MAS) has announced its intention...

Singapore Central Bank Issues Final Guidelines for Crypto Payment Providers

Singapore central bank, the Monetary Authority of Singapore (MAS), has issued final guidelines for crypto payment providers, detailing measures related to...

MAS Implements Comprehensive Crypto Regulatory Framework in Singapore

The Monetary Authority of Singapore (MAS) has recently concluded its response to the consultation paper on proposed regulations for cryptocurrency service providers, marking a...

Singapore Central Bank Rules to Discourage Crypto Speculation, Ease Investment Qualifications

"MAS has been very consistent about its stance against speculative retail trading, so it is unsurprising that they are largely moving ahead with their...

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