Crypto / Digital Assets

Crypto / Digital Assets

Central Banks Explore Multiple CBDC Uses as e-CNY Faces Roadblocks

By Georgina Lee | 29/10/2024

While China largely focuses on retail payments for its CBDC, other central banks are exploring use cases involving tokenised real estate investments and DeFi transactions.

Crypto / Digital Assets

HK Bank Completes ‘First-of-its-Kind’ Sandbox Test Using Tokenised Deposits

By Sanday Chongo Kabange | 29/10/2024

The simulation covered trading of the tokenised fund unit for its institutional clients and cross-bank settlement using tokenised deposits.

Big Picture

Banks, Central Banks Expect Tokenised Assets to “Leapfrog” in Asia

By Georgina Lee | 28/10/2024

Banks are actively exploring tokenisation use cases in Asia, saying the region has greater potential for the technology than Western countries.

Crypto / Digital Assets

HKEX to Launch Virtual Asset Index Series on 15 November

By Editors | 28/10/2024

HKEX said the index series will provide pricing benchmarks for Bitcoin and Ether in the Asian time zone which can be used for the settlement of financial products.

Crypto / Digital Assets

SFC Announces Next Steps for Hong Kong Virtual Asset Regime

By Manesh Samtani | 28/10/2024

More VATP applicants will be licensed by year-end, and a consultative panel comprising all licensees will be established in 2025 to draw lessons for new licensing frameworks.

Sanctions

BRICS Nations Agree to Continue Working on Cross-Border Payments

By Manesh Samtani | 27/10/2024

Russia has proposed an alternative platform for international payments, but few practical steps have been taken so far towards implementation.

Crypto / Digital Assets

Japan: JVCEA Becomes Self-Regulatory Body for Stablecoins

By Editors | 26/10/2024

The FSA has recognised the JVCEA as the self-regulatory body for stablecoins and fund transfer businesses, on top of its existing focus on crypto exchanges and crypto-related derivatives trading firms.

Crypto / Digital Assets

Nigeria Releases Binance Executive, Drops Money Laundering Charges

By Nithya Subramanian | 24/10/2024

Tigran Gambaryan had been detained since February on money laundering charges, which have now been dropped.

Crypto / Digital Assets

CBDC Platform mBridge is Open to US Dollar Inclusion: Central Bankers

By Editors | 24/10/2024

Current and former central bankers speaking at Sibos discussed the importance of the mBridge platform and how it can evolve to meet broader market needs.