Crypto / Digital Assets

    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.

    Big Picture

    World Bank Paper Explores Barriers to Stablecoin, CBDC Adoption

    By Sanday Chongo Kabange | 28/05/2022

    Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.

    Crypto / Digital Assets

    US Banks Lobby Against Possible Issuance of CBDC

    By Editors | 26/05/2022

    The American Bankers Association says a CBDC would risk moving 71% of bank deposits to the Fed and undermine the financial system.

    Crypto / Digital Assets

    New Zealand Probes Fake Crypto Firm Over Missing Funds

    By Sanday Chongo Kabange | 26/05/2022

    A company called Quwiex Limited disappeared with investor funds after saying its website was deactivated for an upgrade.

    Crypto / Digital Assets

    Terra Collapse Sparks Regulatory Change, Lawsuits in Korea

    By Mark Johnston | 26/05/2022

    The FSC says thirteen relevant bills on digital asset investor protection are currently pending at the National Assembly.

    Crypto / Digital Assets

    SWIFT to Develop Capabilities to Interlink CBDCs With Payment Systems

    By Sanday Chongo Kabange | 25/05/2022

    SWIFT will seek to interlink multiple CBDC platforms with existing payment systems, using existing bank messaging standards and authentication models.

    Crypto / Digital Assets

    GBBC, GDF Merge to Create 500 Member Association

    By Editors | 25/05/2022

    The combined influence of GBBC and GDF is expected to help facilitate global collaboration on a robust global framework for crypto assets.

    Fintech / Regtech

    SET, UOB Join SGX, Temasek as Investors in ADDX

    By Editors | 25/05/2022

    SET’s move to invest in ADDX reflects a trend towards a “new capital market landscape that emphasises continuity between the public and private markets”.

    Fintech / Regtech

    Sumitomo Mitsui Trust to Establish Crypto Custody Company

    By Sanday Chongo Kabange | 25/05/2022

    The new company will be a joint venture between Japanese crypto exchange Bitbank and hold digital assets for institutional investors.

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