Six-hour briefing
Fintech Briefing:
What changed in fintech over the last 4 hours
Top Stories
- South Korea Plans Foreign Exchange Law Amendments to Regulate Stablecoins
South Korea plans to amend its Foreign Exchange Transactions Act this year to bring stablecoins into the regulatory framework for payment instruments. The Bank of Korea stated it is coordinating with the government on the amendments to tighten oversight of digital assets used for cross border transfers.
- Malaysia and Thailand Join Singapore Digital Money Initiative
Bank Negara Malaysia and the Bank of Thailand joined Singapore's BLOOM initiative as policymaker members. The program unites regulators and industry participants to examine cross border settlement and payments using digital money across three Southeast Asian economies.
- UK Financial Conduct Authority Opens Consultations on Decentralized Finance
The Financial Conduct Authority launched two public consultations on how decentralized finance businesses will operate under the upcoming UK regime set for October 25, 2027. Both consultations started on October 21 and will receive industry responses until November 18.
Since the last briefing
- · 3 new major stories
- · Crypto remains the most-covered topic