CRYPTO / DIGITAL ASSETS

Fintech / Regtech

Global Central Banks Urged to Accelerate CBDC Efforts

By Manesh Samtani | 11/09/2021

Banks worried about the implications of CBDCs should be more worried about stablecoins, DeFi and bigtech challenging their models, says Benoît Cœuré.

Big Picture

WEF Paper Calls for Balanced Approach to Crypto Regulation

By Sanday Chongo Kabange | 06/09/2021

Rather than banning cryptocurrencies, regulators are urged to collaborate to create regulatory clarity, close loopholes and mitigate regulatory arbitrage.

Crypto / Digital Assets

US SEC Charges BitConnect for $2bn Cryptocurrency Fraud

By Editors | 06/09/2021

BitConnect promised investors lucrative returns through the use of a proprietary trading bot, but investor funds were siphoned off by the company’s founder and others.

Enforcement

MAS Orders Halt to Singapore Services From Binance.com

By Editors | 05/09/2021

Binance Asia Services, which operates Binance.sg, is a “distinct entity” and may still operate under an exemption while its licence application is under review.

Fintech / Regtech

Task Force Formed to Align Digital Token Identifier With ITSA Standard

By Editors | 04/09/2021

The task force was formed to examine synergies between Digital Token Identifiers and the technical identifiers issued by ITSA.

AML / KYC

Korea Crypto Exchanges Team Up to Develop Travel Rule System

By Manesh Samtani | 02/09/2021

Bithumb, Coinone and Korbit have established a joint venture that will be used to develop systems to meet the travel rule requirement by March 2022.

Fintech / Regtech

MAS Grants New Payment Services Licences to FOMO Pay

By Manesh Samtani | 01/09/2021

MAS has granted three new licenses to FOMO Pay, including a DPT services licence. More new licences are expected to be announced shortly.

Fintech / Regtech

India Targets December for CBDC Pilot Testing

By Sanday Chongo Kabange | 31/08/2021

RBI governor Shaktikanta Das said the central bank is studying various aspects of a digital rupee with a view to conducting trials in December.

Enforcement

Korea: Ex-Presidential Aide Sentenced to Jail for Crypto Fraud

By Sanday Chongo Kabange | 31/08/2021

The former presidential aide claimed a scam token had been certified by the BOK, FSS and KFTC, and that investors could multiply their investment by 100 times.