article thumbnail

Two Sides to a Coin: February Sees ADGM Issue Regulatory Fines and Advance Innovation Ecosystem

The Fintech Times

The actions taken by the FSRA address failures (to the extent applicable in each case) to: follow due diligence procedures as required by the Regulations; keep records of the performance of due diligence; report required information in a complete and accurate manner; and/or submit the required annual information return.

article thumbnail

Hong Kong’s SFC Lays Out Regulatory Pathway for Tokenisation

Global Fintech & Digital Assets

Tokenisation refers to the process of digitally representing an asset (or ownership of that asset) using distributed ledger technology (DLT) through the use of digital tokens.

article thumbnail

Rewiring the cross-border payments paradigm: Risk and security in correspondent banking confirmation

The Payments Association

Everything is becoming fasterthe technology is out there, said Khorsan. While digital infrastructure is advancing, including cloud-native solutions and distributed ledger technologies (DLT), legal frameworks are still rooted in outdated assumptions, creating friction in what should be frictionless systems.