FINTECH / REGTECH

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.

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.

Fintech / Regtech

ISLA, ICMA Advance Work to Digitise Industry Documentation

By Editors | 27/05/2022

ISLA and Linklaters are working to automate securities lending contract negotation. ICMA is looking to digitise repo documentation.

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

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

Govt Support Needed in AI, Big Data Industry: FTAHK

By Editors | 25/05/2022

Survey respondents said government support is needed to drive education and promote fairness, ethics, accountability and transparency in the industry.