Crypto / Digital Assets

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.

AML / KYC

Elliptic Corrects Media and US Senator over Reporting on Hamas Crypto Funding

By Editors | 31/10/2023

Blockchain analytics firm says the WSJ and Senator Elizabeth Warren misrepresented its research in overstating the funding Hamas received through cryptocurrency.

Crypto / Digital Assets

MAS Establishes Project Guardian Policymaker Group

By Editors | 30/10/2023

MAS will work with Japan’s FSA, the UK’s FCA and Switzerland’s FINMA to advance the development of tokenised digital assets.

Crypto / Digital Assets

HKMA Unveils Findings from 1st Phase of e-HKD Pilot

By Manesh Samtani | 30/10/2023

Another pilot will take place next year, potentially exploring corporate payments, cross-border payments, and blockchain interoperability.

Crypto / Digital Assets

Taiwan Lawmakers Introduce Bill to Regulate Crypto Sector

By Editors | 30/10/2023

The bill will introduce a licensing system for crypto firms, along with requirements to segregate client assets and protect customer funds.

Crypto / Digital Assets

OFAC Targets Hamas Finances With New Sanctions

By Editors | 30/10/2023

The new designations underscore the “critical role Iran plays” in providing support to Hamas, said deputy Treasury secretary Wally Adeyemo.

Crypto / Digital Assets

BIS Publishes Design Guide for Offline CBDC Payments

By Editors | 30/10/2023

The report says the complexity of developing offline payment capabilities for CBDC systems means some challenges and trade-offs cannot be solved easily.

Crypto / Digital Assets

Indian Banks Offering Incentives to Boost CBDC Use – Report

By Ajoy K Das | 28/10/2023

Participating banks funding incentives to promote e-rupee usage in response to pressure from the RBI.

Crypto / Digital Assets

CBDCs Gain Clout as Medium of Exchange as More Banks Give Buy-in 

By Georgina Lee | 27/10/2023

Ripple’s Ross Edwards and Fubon’s Rockson Hsu talk about the benefits of CBDCs as they explore use cases for HKMA’s e-HKD.