CRYPTO / DIGITAL ASSETS

Fintech / Regtech

UBS, SBI, DBS Use Digital Bond in Cross-border Repo Trade

By Manesh Samtani | 15/11/2023

The transaction involved a repo to borrow tokenised JPY against a natively-issued JPY digital bond. The tokenised JPY was used to finance the repurchase of the same bond.

Fintech / Regtech

IMF Says CBDCs Can Replace Cash; Unveils Handbook

By Nithya Subramanian | 15/11/2023

IMF’s Kristalina Georgieva said that public sector should prepare to deploy CBDCs and prepare platforms that facilitate cross-border payments.

AML / KYC

SFC Issues Updated AML/CFT Self-Assessment Checklist

By Editors | 15/11/2023

The updated checklist incorporates the May revisions to the SFC’s existing AML/CFT guideline, including to apply additional questions on virtual asset activities.

Fintech / Regtech

Philippines to Press On with Bank Digitalisation 

By Jill Wong | 15/11/2023

The Philippines is ready to push forward the digitalization of cash payments as part of its inclusive finance model.

Crypto / Digital Assets

SC Ventures, FundBridge to Create First Tokenised SGD Government Bond Fund

By Editors | 15/11/2023

FundBridge Capital will use a new tokenisation platform known as Libeara to create the tokenised Singapore dollar government bond fund.

Press Release

Regulation Asia Awards for Excellence 2023 – Results Announcement

By Editors | 15/11/2023

Regulation Asia held its sixth annual Awards ceremony on 14 November 2023. Here we explain our methodology and announce the winners for the year.

AML / KYC

Basel AML Index: AML/CFT Systems Have Become Less Effective

By Editors | 14/11/2023

The 2023 Basel AML Index highlights a drop in the effectiveness of AML/CFT systems and inadequate compliance globally with the FATF standards for virtual assets.

Crypto / Digital Assets

ASIC Sheds Light on Losses Recovered for Retail Derivatives Investors

By Sanday Chongo Kabange | 13/11/2023

Seven CFD issuers and Binance Australia Derivatives paid A$17.4mn in compensation to over 2,000 retail clients since March 2021.

Crypto / Digital Assets

Singapore Crypto Lender Hodlnaut to Enter Into Liquidation

By Editors | 13/11/2023

Creditors rejected Hodlnaut’s restructuring plan, believing a liquidation would maximise the distribution of the remaining assets.