Crypto / Digital Assets

Crypto / Digital Assets

Ripple Announces Plans to Issue USD-backed Stablecoin

By Editors | 05/04/2024

Ripple said its reserve assets will be audited by a third-party accounting firm and that it will publish monthly attestations.

Crypto / Digital Assets

MAS Grants MPI License to Crypto Market Maker GSR

By Nithya Subramanian | 05/04/2024

The new licence enables GSR Markets to offer marketing making and over-the-counter trading services in Singapore.

Crypto / Digital Assets

ECB Announces Participants for Upcoming DLT Settlement Trials

By Editors | 05/04/2024

The first wave of trials will involve ten market participants, six market DLT operators, and five central banks.

Crypto / Digital Assets

How HKMA Aims to Prevent Fragmented Digital Money Ecosystem

By Nithya Subramanian | 04/04/2024

HKMA aims to ensure that different types of tokenised money issued in the city can interact with each other.

Fintech / Regtech

UK Sets Out Proposed Approach to Digital Securities Sandbox

By Editors | 04/04/2024

The sandbox will allow experimentation with DLT and “may lead to a new permanent regulatory regime for securities settlement”.

Crypto / Digital Assets

New BIS Project Seeks Overhaul of Global Payment System

By Manesh Samtani | 04/04/2024

Seven central banks will develop common infrastructure that can accommodate tokenised versions of wholesale central bank money and commercial bank deposits.

Crypto / Digital Assets

Indonesia’s Crypto Approval Process Will Require Sandbox Testing

By Editors | 04/04/2024

The requirement for crypto firms to be evaluated in a regulatory sandbox prior to authorisation is intended to ensure consumers are protected.

Big Picture

Industry Bodies Push Back Against BCBS Crypto Treatment

By Manesh Samtani | 04/04/2024

ISDA, GFMA, FIA and other trade bodies say banks should not be penalised for trying to innovate with public permissionless blockchains.

Crypto / Digital Assets

HKMA to Explore Common Industry Standards for Digital Money

By Manesh Samtani | 02/04/2024

Phase 2 of HKMA’s e-HKD testing initiative will explore the development of standards on interoperability and smart contract design.