Crypto / Digital Assets

Fed Explores CBDC Impacts on Monetary Policy Implementation

By Manesh Samtani | 02/06/2022

CBDC withdrawals could reduce bank reserves, which would result in competition for funding, higher interest rates, and ultimately a larger Fed balance sheet.

UnionBank Issues Philippines’ First DLT-based Digital Bond

By Editors | 02/06/2022

The issuance follows a POC project to optimise bond issuance workflows between STACS and PDTC, the Philippines’ national CSD for debt and equities.

Crypto / Digital Assets

Ex-OpenSea Employee Charged for Insider Trading in NFTs

By Editors | 02/06/2022

The former product manager traded on confidential information about which NFTs were going to be featured by OpenSea’s website.

Crypto / Digital Assets

UK Proposes Framework for Dealing with Stablecoin Failures

By Editors | 02/06/2022

HM Treasury proposes to give the BOE powers to appoint administrators to oversee insolvency arrangements with failed stablecoin issuers.

Crypto / Digital Assets

BOJ Releases Phase One Findings from CBDC Testing

By Editors | 01/06/2022

Phase one of CBDC experimentation was conducted from April 2021 to March 2022. The BOJ tested three CBDC ledger design alternatives.

Capital / Liquidity

BCBS Progresses Work on Climate Risk, Crypto Assets

By Editors | 01/06/2022

The BCBS will soon publish its final set of principles on managing climate-related financial risks, and a second consultation on the treatment of banks’ crypto-asset exposures.

Fintech / Regtech

MAS to Study Use Cases of Asset Tokenisation, DeFi Protocols

By Editors | 31/05/2022

The first pilot, led by DBS, JP Morgan and Marketnode, will explore potential DeFi applications in wholesale funding markets and help inform regulatory policy.

Crypto / Digital Assets

Crypto Ads to be Screened in the Philippines from 7 July

By Editors | 29/05/2022

Firms advertising crypto services to Philippine users will have to provide proof they have registered with the SEC as companies and with BSP as remittance and transfer providers.

Crypto / Digital Assets

Thailand Formalises VAT Exemption for Crypto Transactions

By Editors | 29/05/2022

Thailand’s Cabinet approved the measure in March. The decree formalises the VAT exemption retroactively from 1 April 2022, keeping it in place until 31 December 2023.

Crypto / Digital Assets

ECB Calls for Urgent EU Approval of MiCA Regulation

By Sanday Chongo Kabange | 28/05/2022

Crypto-asset markets currently show all the signs of an emerging financial stability risk, the ECB says in a report.

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