Crypto / Digital Assets

ECB Calls for Urgent EU Approval of MiCA Regulation

28/05/2022

Crypto-asset markets currently show all the signs of an emerging financial stability risk, the ECB says in a report.

Big Picture

World Bank Paper Explores Barriers to Stablecoin, CBDC Adoption

28/05/2022

Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.

Crypto / Digital Assets

New Zealand Probes Fake Crypto Firm Over Missing Funds

26/05/2022

A company called Quwiex Limited disappeared with investor funds after saying its website was deactivated for an upgrade.

Market Infrastructure

BSP Issues Draft Operating Rules for RTGS Payment System

26/05/2022

The RTGS system shall be operated, managed and maintained by the BSP given its recent designation as a systemically important payment system.

Crypto / Digital Assets

SWIFT to Develop Capabilities to Interlink CBDCs With Payment Systems

25/05/2022

SWIFT will seek to interlink multiple CBDC platforms with existing payment systems, using existing bank messaging standards and authentication models.

Fintech / Regtech

Sumitomo Mitsui Trust to Establish Crypto Custody Company

25/05/2022

The new company will be a joint venture between Japanese crypto exchange Bitbank and hold digital assets for institutional investors.

Securities / Derivatives

Cambodia to List First Sovereign Bonds on CSX This Year

22/05/2022

Sovereign bonds will serve as a new financial instrument for institutional investors. CSX has launched a new mobile app for securities trading.

AML / KYC

Philippines Passes Law to Enhance Financial Consumer Protections

19/05/2022

The law grants regulators enhanced powers to address fraud and consumer complaints in a more timely manner.

Australian Groups Call for Better Regulation of BNPL Services

16/05/2022

Charities and consumer groups are calling for BNPL services to be regulated like other credit products to prevent unnecessary financial harm.