CRYPTO / DIGITAL ASSETS

    Crypto / Digital Assets

    MAS Grants Approvals to Stablecoin Issuers Paxos, Circle

    By Editors | 03/11/2022

    Paxos provides has its own stablecoin (USDP) and provides infrastructure for Binance Coin. Circle is the issuer of stablecoins USD Coin and Euro Coin.

    Crypto / Digital Assets

    BIS Innovation Hub to Explore Use of DeFi Protocols in CBDC Trades

    By Editors | 03/11/2022

    Project Mariana involves the Eurosystem, Singapore and Switzerland BIS Innovation Hub Centres, together with the Bank of France, MAS and Swiss National Bank.

    Crypto / Digital Assets

    First Project Guardian Pilot Completed Using DeFi Protocols

    By Editors | 03/11/2022

    DBS, JP Morgan and SBI Digital Asset completed the pilot. Two other pilots are being launched by StanChart, HSBC, UOB and Marketnode.

    Crypto / Digital Assets

    US DOJ Resolves Dispute with Google Over BTC-e Data

    By Editors | 02/11/2022

    Crypto exchange BTC-e was shut down in 2017 for alleged money laundering. At the time, US authorities were unable to obtain data from Google for the investigation because it was held overseas.

    Crypto / Digital Assets

    Korea Prepares Stop-Gap Legislation to Protect Crypto Investors

    By Editors | 01/11/2022

    The proposed legislation will empower the FSC to punish unfair trading in virtual assets the same way it does in the stock market.

    Crypto / Digital Assets

    RBI Starts Testing CBDC in G-Sec Trade Settlement

    By Editors | 01/11/2022

    The RBI will also commence testing of a retail CBDC “within a month” in select locations in “closed user groups comprising customers and merchants”.

    Crypto / Digital Assets

    SFC Considers Allowing Retail Access to Crypto, Starting with ETFs

    By Manesh Samtani | 01/11/2022

    ETFs with crypto exposure through CME-listed BTC and ETH futures can be distributed to Hong Kong retail clients. The “professional investor only” requirement is under review.

    Crypto / Digital Assets

    Malaysia to Grant Licences to More ECF, P2P, Crypto Platforms

    By Editors | 01/11/2022

    A Digital Innovation Fund will also be established to co-fund innovative projects to digitalise the capital market and make it more competitive.

    Crypto / Digital Assets

    MAS Concludes Phase One of Retail CBDC Project

    By Editors | 31/10/2022

    Phase 1 of Project Orchid explored the concept of purpose-bound digital SGD, bearer instruments that enable senders to specify conditions when making transfers in digital SGD.

    Fintech / Regtech

    Hong Kong FSTB Issues Policy Statement on Approach to Virtual Assets

    By Manesh Samtani | 31/10/2022

    The SFC will be consulting on how retail investors may be given a “suitable degree of access” to virtual assets under Hong Kong’s new licensing regime.

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