The regime introduces rules on various crypto tokens, including cryptocurrencies and stablecoins, in the Dubai International Financial Centre.

Lender banks on innovation for better financial services, customer experience.

The Dubai Financial Services Authority's (DFSA) Crypto Token regime comes into force 11th November. This regime forms the second phase of the DFSA's work in this area following the introduction of a regime in the Dubai International Financial Centre (DIFC) for the Regulation of Investment Tokens in October 2021.

The FCA is seeking views on the potential competition benefits and harms from Big Tech firms' entry into a range of retail financial services sectors.

Technological innovation in the market for financial services has given rise to new products, new delivery channels and, most importantly, new providers, such as big techs. These developments are the source of a number of opportunities but may also present certain risks that need to be addressed by appropriate policy action.

Rwanda's biggest commercial lender Bank of Kigali and Ant Group, a major financial services technology provider of China, launched the Rwanda to China instant remittance service Thursday in Kigali, the capital city.

The Dubai Financial Services Authority (DFSA), the Central Bank of the United Arab Emirates (CBUAE) and the Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority hosted the second edition of the GCC Regulators Cyber Risk Supervisory College.

In a speech today, Sarah Pritchard, executive director of markets at the FCA, said: "We want to carry out a holistic review of the boundary between advice and guidance so we can understand how to reduce the regulatory burden while continuing to provide the right level of consumer protection.

The Dubai Financial Services Authority (DFSA) has published the Cyber Thematic Review Report 2022 (Report). The purpose of the Report is to summarise key findings from the Cyber Thematic Review (Review) the DFSA launched in January 2022.