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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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