Crypto / Digital Assets

Crypto / Digital Assets

MAS Allows Three Firms to Issue Stablecoins

By Nithya Subramanian | 16/11/2023

The central bank is piloting the live issuance of wholesale CBDCs to instantaneously settle payments across commercial banks.

Crypto / Digital Assets

IOSCO Finalises Policy Recommendations for Crypto Markets

By Manesh Samtani | 16/11/2023

The recommendations cover six key areas, consistent with IOSCO’s Principles and associated standards for securities markets regulation.

AML / KYC

Taiwan Crypto Exchange Caught in Money Laundering Probe

By Editors | 16/11/2023

Crypto exchange Bitgin is under investigation and its chief operating officer has been arrested for his alleged ties to a money laundering network.

Crypto / Digital Assets

MAS Launches New Tokenisation Initiatives Under Project Guardian

By Editors | 16/11/2023

Five new industry pilots have been initiated. A new funds workstream and new digital infrastructure initiatives being launched.

Capital / Liquidity

FSB Outlines 2024 Work Priorities, Cites Financial Stability Concerns

By Editors | 16/11/2023

FSB discussed “pockets of remaining banking-sector vulnerabilities” and ongoing work to implement the regulatory framework for crypto and stablecoins.

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.