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Crypto / Digital Assets
China Establishes CBDC Connectivity with Hong Kong FPS
By Editors | 07/10/2023
Members of the Hong Kong delegation at the Asian Games in Hangzhou are able to download the e-CNY mobile app and recharge their accounts via FPS.

Crypto / Digital Assets
ESMA Issues Second Consultation on MiCA Technical Standards
By Editors | 07/10/2023
The consultation covers sustainability indicators of CASPs, trade transparency, record-keeping, and machine-readability of white papers.

Crypto / Digital Assets
BCBS to Issue New Consultations on Climate, Crypto Disclosures
By Editors | 06/10/2023
Consultation on bank disclosures of crypto exposures coming “soon”. Consultation on Pillar 3 disclosures for climate-related financial risks coming in November.

Fintech / Regtech
BIS to Advise Korea on Design & Implementation of CBDC Pilot
By Sanday Chongo Kabange | 05/10/2023
South Korean regulators will start testing a wholesale CBDC with commercial banks this month, and a retail CBDC in Q4 of next year.

Crypto / Digital Assets
SFC, HKPF Form Dedicated Working Group on VATPs
By Sanday Chongo Kabange | 05/10/2023
The working group will facilitate information sharing and collaboration on monitoring and investigations involving crypto platforms.

Sanctions
OFAC Sanctions China-based Network for Fentanyl Production, Trafficking
By Editors | 04/10/2023
The DOJ unsealed indictments charging Chinese companies and their employees for illicit drug production, distribution, and sales of precursor chemicals.

Crypto / Digital Assets
BIS Project Yields PoC Data Platform for Analysing Global Crypto Flows
By Manesh Samtani | 04/10/2023
Project Atlas combines on- and off-chain information to create a data platform that allows policymakers and central banks to analyse international flows of cryptoassets.

Enforcement
US Judge Denies SEC Permission to Appeal Ripple Ruling
By Editors | 04/10/2023
The July ruling found that programmatic sales of Ripple’s XRP digital token on public exchanges was not a breach of federal securities laws.

Crypto / Digital Assets
UPDATE – UBS, SBI Launch Tokenised VCC Fund Pilot in Singapore
By Editors | 04/10/2023
The live pilot of a tokenised money market fund was launched under a wider VCC umbrella as part of Project Guardian.

Crypto / Digital Assets
Korea: Three Securities Firms Form Digital Securities Consortium – Report
By Editors | 04/10/2023
The three securities firms hope to share costs and gain economies of scale to attract more issuers for STOs.
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