China tightens payments rules; UK regulator launches FX rigging probe; Vietnam curbs gold trading
China tightens payments regulations; UK's crime regulator launches FX rigging probe; Vietnam to cool currency through gold trading restrictions
Payments
The People's Bank of China issued Measures for Depository and Management of Customer Excess Reserves of Payment Institutions. Payment institutions are instructed to ensure they separate customer excess reserves from their proprietary funds, have a large number of bank accounts with funds scattered, depositing funds in various forms, as well as diversify capital accounts while increasing transparency.
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