Humans are still core to Digital India
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Intermediaries who deliver last mile governance establish trust between governments and citizens
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Intermediaries who deliver last mile governance establish trust between governments and citizens
During the pandemic, we came to rely on various individuals to address our daily needs, even as more and more services went online. This transformation is underway in governance. During this time, eGovernments Foundation (eGov) and Aapti Institute came together to explore how digitally excluded communities engage with governance and learnt that even in ‘Digital India’, humans are significant in brokering trust between governments and citizens. These intermediaries often worked without any formal backing and role.
Regulators propose new regulations for virtual asset exchanges and enhanced customer identity verification requirements, and launch an innovative commercial data interchange.
This blog post summarises key regulatory developments in Hong Kong and Singapore during November 2020, including: The Hong Kong FSTB’s consultation proposing a new regulatory framework for virtual asset exchanges The HKMA’s new commercial data interchange initiative The MAS’ consultation proposing requirements to strengthen financial institutions’ non-face-to-face identity verification process of individuals The MAS’ guidance to financial institutions to review security controls amidst COVID-19 The MAS’ publication of its 2019/2020 enforcement report
Hong Kong
The FSTB consults on a new regulatory regime for virtual asset exchanges