Crypto / Digital Assets

Crypto / Digital Assets

BIS Study: 24 Central Banks to have CBDCs by 2030

By Jill Wong | 11/07/2023

A BIS study found 24 central banks would have their own digital currencies in circulation by 2030.

Crypto / Digital Assets

BIS Issues Security and Resilience Framework for CBDC Systems

By Manesh Samtani | 10/07/2023

The framework offers a seven step model to guide central banks in designing, implementing and operating secure and resilient CBDC systems.

Crypto / Digital Assets

NYIC, US Banks Conclude PoC to Test Digital Money Platform

By Editors | 09/07/2023

The PoC tested a theoretical CBDC and bank deposit tokens on a shared multi-entity distributed ledger to enable domestic and cross-border payments.

Crypto / Digital Assets

DBS Launches e-CNY Merchant Collection Solution

By Editors | 07/07/2023

DBS plans to build on the launch of the e-CNY solution to explore new digital payment solutions, including cross-border CBDC payments.

Crypto / Digital Assets

FSC Korea to Require Employees to Report Crypto Holdings

By Editors | 07/07/2023

Employees that perform official duties related to the virtual assets sector will have to report their holdings to the FSC.

Capital / Liquidity

FSB to Conduct “In-depth” Review of G-SIB Resolution Framework

By Manesh Samtani | 07/07/2023

FSB members also approved the high-level recommendations for crypto-assets and stablecoins, which will be submitted to the G20 for endorsement this month.

Crypto / Digital Assets

Korea to Start Work on Second Phase of Crypto Legislation

By Editors | 06/07/2023

The next phase of legislation will introduce rules for the issuance and distribution of virtual assets, as well as a regulatory system for stablecoins.

AML / KYC

FATF to Bring “Fundamental Change” to Financial Crime Fight

By Karen Ng | 06/07/2023

FATF would scale up its fight against financial crime and bring comfort to victims through better asset recovery.

AML / KYC

Upper House of UK Parliament Approves Economic Crime Bill

By Editors | 05/07/2023

The bill will boost corporate transparency, enable more effective seizure and recovery of crypto assets, and introduce new ‘failure to prevent’ offences.