Cryptoassets in the metaverse could cause systemic risk- BofE
If a decentralised metaverse continues to grow, there are potential risks from cryptoassets that could have systemic financial stability...
MAS, Google Cloud Launch New Climate FinTech Support Program
Point Carbon Zero is a three-year program launched under Project Greenprint with the goal of stimulating the growth of climate FinTech...
MAS Assesses Fairness of FIs’ Use of AI/Machine Learning
A MAS-led thematic review has analyzed the implementation of fairness principles by selected financial institutions in the use of...
Japanese Ministry of Finance is seeking new powers to confiscate crypto assets in the country
Japan's Ministry of Justice is looking to create rules that would allow the courts and police to take control of digital assets – such as...
France Granted Crypto Giant Binance a Regulatory Approval
Binance, one of the world's largest cryptocurrency exchanges, has been granted approval from French regulators to operate its exchange in...
West will Shut Off Some Russian banks from the Swift System
Several Russian banks have been shut off from the major international payment system, Swift, by the EU, the US, and its allies. Russia's...
The Bank of England fined Standard Chartered €55 million - the latest UK bank fined by authorities
STANDARD Chartered is the third British bank to face multi-million euro penalties this week for regulatory violations. - Read the full...
Former Bank Employee Imprisoned for Embezzling S$1.13 Million, Replaced Notes with Counterfeits
Over the course of two years, a banking operations specialist stole S$1.13 million from his company's safe, either by taking more cash...
Asia's Payment Scene Stars the Singapore Fintech Festival
This year's Singapore Financial Festival, held from November 8 to 12, 2021, saw plenty of fresh developments in the Asian fintech...
Fintech Regulatory Sandbox from MAS is Getting an Enhancement - Now Called Sandbox Plus
The Monetary Authority of Singapore (MAS) announced three changes to its FinTech Regulatory Sandbox platform, Sandbox Plus, in order to...
