CBDCs

BIS Announces Successful Completion of mBridge CBDC Pilot

29/09/2022

The month-long testing phase facilitated more than 160 transfers and FX exchanges worth USD 22 million on the mBridge Ledger.

Cryptocurrency

FTX Wins Auction to Buy Assets of Bankrupt Voyager Digital

29/09/2022

FTX won a “highly competitive auction process” that lasted two weeks with the “highest and best bid for its assets”, valued at just over USD 1.4 billion.

Trading & Investment

PBOC Raises Costs for Firms to Bet Against the Yuan

29/09/2022

The PBOC is actively discouraging currency speculation and asking banks to reintroduce a yuan fixing tool that was abandoned two years ago.

DeFi & Web3

CFTC Penalises Crypto Firm, Pursues First Case Against DAO

29/09/2022

Crypto firm bZeroX transferred its software protocol to a DAO and then marketed this as a way to be “enforcement-proof”.

Resolution & Recovery

New Zealand Introduce Bill to Enhance Depositor Protections

28/09/2022

The legislation will introduce a deposit protection scheme, new supervisory powers for the RBNZ, and a new accountability framework for deposit takers’ directors.

Payments & Settlements

SEBI Developing New Settlement Process for Stock Market

28/09/2022

Under the new system, funds for secondary stock market transactions would be blocked until securities settlement is done.

Cryptocurrency

DBS Rolls Out Crypto Services to 100,000 More Investors

28/09/2022

Accredited wealth clients are able to trade four cryptocurrencies on DDEx – Bitcoin, Bitcoin Cash, Ethereum, and XRP.

Anti-Money Laundering

Korea FSS Finds More Suspicious Crypto-Linked FX Transactions

28/09/2022

FSS investigations have so far involved 82 corporates and 12 banks. The total value of abnormal FX transactions discovered is now $7.2bn.

Data Privacy

Indonesian Lawmakers Pass Personal Data Protection Law

28/09/2022

The law introduces GDPR-like concepts, grants data subjects greater control over their data, and allows penalties up to 2% of annual revenue.