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CRYPTO / DIGITAL ASSETS
Crypto / Digital Assets
Commonwealth Bank to Restrict Payments To Crypto Exchanges
By Karen Ng | 09/06/2023
Caroline Bowler, head of BTC Markets, warns that the move could push crypto investors to overseas platforms that have fewer protections.
Crypto / Digital Assets
RBI to Make CBDC QR Codes Interoperable With UPI System
By Editors | 09/06/2023
The RBI issued the e-rupee as a pilot project late last year. Deputy governor T Rabi Sankar 1 million customers will be active on the CBDC by end-of-month.
Fintech / Regtech
BIS Develops Smart Contract Prototype for SME Finance
By Editors | 09/06/2023
The prototype was developed as part of Project Dynamo, a collaboration between BIS Innovation Hub and HKMA to explore the use of digital tokens in supply chain finance for SMEs.
Crypto / Digital Assets
Australia Issues New Strategic Plan for Payments System
By Manesh Samtani | 08/06/2023
A new licensing framework will be introduced, including for payment stablecoin issuers. RBA will explore fast payment links with other jurisdictions.
Crypto / Digital Assets
US SEC’s Binance Suit Delays Korea Gopax Acquisition
By Sanday Chongo Kabange | 08/06/2023
The FSC has suspended planned management changes at crypto trading platform Gopax, which was acquired by Binance in February.
Crypto / Digital Assets
MAS Grants Major Payment Institution Licence to Circle
By Ranamita Chakraborty | 07/06/2023
Circle said receiving the licence is a “significant step forward” for the firm and the future of financial infrastructure and dollar digital currencies in Asia.
Crypto / Digital Assets
Hong Kong: Going Digital Caused Scams to Rise 45.1% in 2022
By Karen Ng | 07/06/2023
Data compiled by law firm Freshfield Bruckhaus Deringer shows that Hong Kong deception cases grew 45.1 percent in 2022.
Crypto / Digital Assets
Philippine SEC Delayed Roll-out of Crypto Rules Last Year Due to FTX
By Sanday Chongo Kabange | 07/06/2023
The SEC was ready to issue a new regulatory framework for crypto assets late last year, but decided to delay its release to incorporate lessons from the FTX collapse.
Crypto / Digital Assets
Cboe Granted Approval to Clear Margined Crypto Futures
By Sanday Chongo Kabange | 07/06/2023
To date, Cboe has offered trading and clearing of Bitcoin and Ether futures only on a fully collateralised basis.
Crypto / Digital Assets
US SEC Seeks Emergency Freeze on Binance Assets
By Manesh Samtani | 07/06/2023
The emergency motion comes a day after the SEC charged Binance and its CEO for alleged securities law violations.
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