It also regulates which crypto assets can be traded and covers mechanisms for trading, account opening, fund saving and withdrawals.
Named TMRW (pronounced “tomorrow”), UOB’s new digital bank will be rolled out for the first time in Thailand, where a pilot programme has already started with 1,500 customers.
For foreign institutions operating in China and local institutions with overseas operations, the Cybersecurity Law is raising major concerns about the amount and cost of the work required to assess all computer systems to ensure compliance.
Indonesians’ communal nature played a big part in the growth, he added, as they seek a social foundation in using digital services, thus boosting the number of users of such services at the same time.
Korea and the African Development Bank intend to extend the program to other countries and regions in Tunisia and Africa, and explore the massive market potential of industrial zones in other sectors.