Information | Regtech

Fintech Co-operation between the HKMA and the Central Bank of the United Arab Emirates

UAE’s Central Bank (CBUAE) and China’s Central Bank ‘s Digital Currency Institute (PBC DCI) announced joining HKMA and Thailand Central Bank (BOT) ‘s digital currency project for cross-border payments named as “m-CBDC Bridge”. The m-CBDC Bridge project involves: developing a proof-of-concept with distributed ledger technology (DLT) facilitating real-time cross-border foreign exchange payment-versus-payment transactions in a […]

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Information | Regtech

Bitcoin rises to USD50000 was predicted

At the dawn of 2021, Bitcoin continues its strong upward trend. It was within a whisker of $50,000 yesterday, as it drew unprecedented flows from big and small investors after Elon Musk ‘s major announcement of investment and potential to sell his electric vehicle for bitcoin. Also, many research institutions believe that as Wall Street […]

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Regtech

The year of Ox may be a synonym of stricter era for the crytocurrency

At the end of last year, China’s financial regulatory authorities gave clear “red lines” for the supervision of future financial technology. Firstly, resolutely breaking monopoly, correcting and investigating unfair ant-competition behavior, and maintaining fair competition market order; Secondly, it insisted that all financial activities must be supervised in accordance with laws and regulations, such that […]

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Regtech

AML/CFT Regtech: Case Studies and Insights

The Hong Kong Monetary Authority (HKMA) published today (21 January 2021) a report titled “AML/CFT Regtech: Case Studies and Insights” highlighting the opportunities that Regtech offers to transform the effectiveness and efficiency of Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) efforts, and sharing end-to-end approaches which worked in real-life examples. Following the first AML/CFT RegTech […]

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