Central Bank News

Russia to Regulate Cryptocurrency; Puts Other Countries on Notice

The government and central bank have reached an agreement to draft legislation by 18 February

Teckwai SawFeb 10, 2022

Binance is closing down operations in Singapore; shuts down trading effective today

Binance has also withdrawn its application for a crypto trading permit from Singapore's central bank.

Alfred LeeDec 13, 2021

Binance crypto-exchange takes down apps in Singapore; users to withdraw funds by 26 Oct

Singapore's central bank has instructed Binance to cease operations in the country

Carl AdrianSep 28, 2021

China saw first online payment using Digital Currency Electronic Payment

China’s first online order by Digital Currency Electronic Payment (DECP) was made by a Suzhou online shopper at JD.com on December 11, right after Suzhou’s government kicked off the Double 12 shopping festival and issued RMB 20 million DCEP in partnership with The People’s Bank of China, the central bank of China. Suzhou is the first city to test online consumption scenarios by DCEP, with JD Digits (JDD) providing support in technology and services, helping connect financial institutions with online purchasing applications. JDD is the first technology company to test the DCEP in China with state-owned banks, connected with online

CHINAINTERNETWATCH.COMDec 15, 2020

Singapore further strengthening blockchain ecosystem; invests $8.9 million for innovation.

The blockchain innovation program is supported by Singapore's Central Bank.

Carl AdrianDec 07, 2020

Bank Negara Malaysia unexpectedly cuts interest rate to 2.75%

The central bank in a surprise move cut its key interest rate by 25 basis points to 2.75% to protect economic growth.

Ismawati AsmatJan 24, 2020

Indonesia plans fixed fees for e-wallet transactions

Indonesia’s central bank has had talks with some of the biggest electronic payment providers about imposing uniform fees on QR code transactions at 0.7 percent.

Ismawati AsmatJan 01, 2020

Vertex Ventures to launch $770m fund; Alibaba partners automakers to use Tmall Genie voice control

'Game For Peace' rakes in $70 million in May; PolicyStreet gets central bank approval for financial advisory

Wallace HoJun 11, 2019

Malaysia Central Bank introduces eCCRIS

eCCRIS enables consumers to stay on top of their credit standing, find out whether there have been any fraudulent activities and prevent identity theft

BEAMSTARTMar 21, 2018

Malaysian Central Bank Slams ICO for Misleading Logo

The central bank took aim at a cryptocurrency project named Coinzer, which it says used the BNM logo and the Jata Negara, Malaysia's coat of arms, in its proposed token design, white paper and website.

BEAMSTARTMar 13, 2018

Bank Negara kicks off fintech sandbox

Companies operating in the sandbox will be allowed to commercially launch their services albeit within limits set by the central bank and under close watch by the regulator.

BEAM TeamMay 29, 2017

Malaysia’s central bank adopts agile mindset to fintech wave

Bank Negara to create conducive ecosystem for private sector to play funding role

BEAM TeamMay 20, 2017

Bank Negara to seek fintech ideas from the public

In October last year, the central bank issued the Financial Technology Regulatory Sandbox Framework for financial institutions and fintech players.

BEAM TeamMay 12, 2017

Singapore’s central bank wants to relax VC regulations to boost startup funding

The simplified regime will free VC managers from having directors and representatives with at least five years of fund management experience.

BEAM TeamFeb 16, 2017

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