CRYPTO / DIGITAL ASSETS

    Crypto / Digital Assets

    BOJ Releases Phase One Findings from CBDC Testing

    By Editors | 01/06/2022

    Phase one of CBDC experimentation was conducted from April 2021 to March 2022. The BOJ tested three CBDC ledger design alternatives.

    Capital / Liquidity

    BCBS Progresses Work on Climate Risk, Crypto Assets

    By Editors | 01/06/2022

    The BCBS will soon publish its final set of principles on managing climate-related financial risks, and a second consultation on the treatment of banks’ crypto-asset exposures.

    Fintech / Regtech

    MAS to Study Use Cases of Asset Tokenisation, DeFi Protocols

    By Editors | 31/05/2022

    The first pilot, led by DBS, JP Morgan and Marketnode, will explore potential DeFi applications in wholesale funding markets and help inform regulatory policy.

    Crypto / Digital Assets

    Crypto Ads to be Screened in the Philippines from 7 July

    By Editors | 29/05/2022

    Firms advertising crypto services to Philippine users will have to provide proof they have registered with the SEC as companies and with BSP as remittance and transfer providers.

    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.

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