Custody & Infrastructure

Cryptocurrency

Hong Kong is Moving to a Robust Regulatory Framework for Crypto

By Etelka Bogardi | 19/04/2022

Etelka Bogardi and Amy Chung say Hong Kong’s efforts to regulate the crypto sector and stablecoin market are on the whole in line with international trends while leaving room for further development.

Cloud & Infrastructure

Australia, Singapore to Deepen Collaboration via ‘FinTech Bridge’

By Editors | 13/04/2022

The bilateral FinTech Bridge will enable stronger cooperation and collaboration on policy and regulation to better support the cross-border growth of the fintech industry.

Cryptocurrency

Shinhan Bank to Pilot Crypto Service for Corporate Clients

By Editors | 12/04/2022

Shinhan, through its partner exchange Korbit, will become the first Korean bank to allow businesses to invest in cryptocurrencies.

Operational Risk

APRA to Set Out Expectations for FIs Dealing in Digital Assets

By Editors | 11/04/2022

APRA will not be introducing new regulatory requirements for FIs or attempting to hinder innovation. Rather, it will be asking them to closely assess and monitor new operational risks.

Custody & Infrastructure

Thai SEC to Allow Use of Foreign Custodians in DR Issuance

By Editors | 10/04/2022

Under revised guidelines, depository receipt issuers can directly appoint a global custodian or foreign agent to hold overseas securities.

Cryptocurrency

Thai Crypto Firms Required to Issue Transaction Reports to Clients

By Editors | 07/04/2022

From 1 May, crypto businesses have to submit reports to customers within one day after a transaction is complete, allowing them to view records going back 18 months.

Cryptocurrency

Korean Banks to Request Entry into Crypto Sector – Report

By Editors | 07/04/2022

A report will be submitted to the incoming president’s transition committee requesting that banks be allowed to engage in the crypto sector.

Stablecoins

UK Outlines Plan to Become Global Hub for Crypto

By Editors | 06/04/2022

The plan includes a regulatory framework for payment-related stablecoins, enhancements to the tax system, and greater engagement with the crypto industry.

CBDCs

Visa, Western Union, GBBC Join Digital Dollar Project

By Editors | 03/04/2022

The new members were announced just weeks after President Joe Biden signed an executive order outlining a “whole-of-government approach” to evaluate digital assets including a CBDC.