Crypto / Digital Assets

    Crypto / Digital Assets

    SGX-owned MaxxTrader Partners with DBS on Digital Assets

    By Editors | 30/10/2022

    DBS said the partnership enables it to provide more dynamic pricing, financing, and risk solutions to investors, which contributes to Singapore’s growing influence as a global digital asset hub.

    Crypto / Digital Assets

    UK Lawmakers to Extend FCA Remit to Cover All Crypto

    By Editors | 30/10/2022

    An amendment to the Financial Services and Markets Bill will empower the FCA to regulate crypto promotions and ban companies that are not authorised to operate in the UK.

    AML / KYC

    Korea to Increase Scrutiny of Money Laundering Risks via Crypto

    By Editors | 27/10/2022

    The FSC will increase scrutiny of crypto tokens listed by just a single VASP, stablecoin transaction volumes, and customers making large deposits.

    Capital / Liquidity

    MAS Proposes New Rules for Crypto Firms, Stablecoin Issuers

    By Manesh Samtani | 27/10/2022

    Retail investors won’t be allowed leverage and will have to undergo a knowledge test. Stablecoin issuers will have strict rules on reserve assets and a S$1bn capital requirement.

    Crypto / Digital Assets

    BIS Innovation Hub Releases mBridge Report, Sets Out Next Steps

    By Editors | 27/10/2022

    The mBridge project team will continue working to get to a minimum viable product that can be used by early adopters next year.

    Crypto / Digital Assets

    Japan Credit Bureau to Develop CBDC Payments Solution

    By Editors | 26/10/2022

    JBC, IDEMIA and Soft Space plan to develop a CBDC payment solution and conduct a pilot test with Tokyo merchants.

    Crypto / Digital Assets

    ASIC Files Suit Over Misleading Claims by Crypto Firm

    By Editors | 26/10/2022

    ASIC said BPS Financial engaged in unlicensed conduct and made false, misleading or deceptive representations about a crypto token called Qoin.

    Crypto / Digital Assets

    Five Key Points From the FSB’s Review Of Crypto Assets

    By John Ho | 25/10/2022

    John Ho and Arushi Goel outline five key takeaways from the FSB’s proposals for regulating crypto assets and so-called global stablecoins.

    Crypto / Digital Assets

    US Tax Filing Instructions Amendments Includes NFT Reference

    By Editors | 24/10/2022

    The new language obliged individual taxpayers to report income received from disposals of NFTs, as well as any other “digital asset”.

    Big Picture

    BIS Innovation Hub, HKMA Publish Project Aurum Findings

    By Editors | 24/10/2022

    A two-tier prototype system was developed to test intermediated CBDC as well as stablecoins backed by CBDC in the interbank system.

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