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Bank Negara Malaysia Releases Updated Exposure Draft for Digital Banks, Proposing Simplified Regulatory Framework for Banking Challengers

Bank Negara Malaysia (BNM) has released an updated exposure draft, which covers the licensing guidelines for all-digital banks. The draft from the nation’s central bank proposes a simplified set of regulations for neobanks. Bank Negara officials noted that the simplifications intend to reduce regulatory pressure… Read More

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