Crypto / Digital Assets

Crypto / Digital Assets

Malaysian Court Orders Crypto Firm Luno to Compensate Customer

By Editors | 01/11/2023

Luno said the withdrawal of funds from the customer’s account was properly authorised. The customer claimed it was not.

Crypto / Digital Assets

BIS Innovation Hub Releases Update Report for Project mBridge

By Manesh Samtani | 01/11/2023

The update reveals a list of 25 observing members, and that the mBridge platform offers APIs based on ISO 20022 and uses LEIs for participant identification.

Crypto / Digital Assets

Thailand’s Kasikorn Bank Acquires Digital Asset Exchange

By Editors | 01/11/2023

Kasikornbank has also established a digital asset custodian, a digital asset fund management company, and a blockchain infrastructure development company.

ESG / Sustainability

BOK, KRX to Test CBDC Use in Carbon Emissions Trading

By Editors | 01/11/2023

More specific details on the experiment will be announced at the end of November. The experiment is scheduled to be conducted in Q3 and Q4 next year.

AML / KYC

FATF Issues Report on Crowdfunding for Terrorism Financing

By Editors | 01/11/2023

The report describes how terrorist groups exploit crowdfunding platforms and provides risk indicators and recommendations to help combat this activity.

Crypto / Digital Assets

Malaysia’s Fusang Exchange Issues First Institutional Tokenised Sukuk

By Editors | 01/11/2023

The digital sukuk is os structured as a depositary receipt, backed by a sukuk issued by the International Islamic Liquidity Management Corp.

Crypto / Digital Assets

UK Confirms Plans to Implement New Rules for Crypto, Stablecoin

By Editors | 31/10/2023

Treasury says the government aims to have legislation for the new regime before Parliament in 2024.

Crypto / Digital Assets

ANNA Issues First Set of ISINs for Crypto Assets

By Manesh Samtani | 31/10/2023

Crypto assets with a registered DTI can now also be issued an ISIN. Currently, there are already 108 ISIN–DTI pairs.

Crypto / Digital Assets

UnionBank Becomes First Philippine Bank to Obtain VASP Licence

By Editors | 31/10/2023

The bank said it will use the new licence to expand its offerings and provide clients a broader range of financial services powered by blockchain.