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CBDCs
BIS Publishes Results of Latest CBDC, Crypto Survey
By Editors | 17/06/2024
Central banks are now more likely to issue a wholesale CBDC than a retail CBDC within the next six years.

Payments & Settlements
BIS Innovation Hub to Explore RTGS to DLT Interoperability
By Editors | 17/06/2024
Project Meridian FX will explore interoperability between RTGS systems and new payments technologies like DLT.

Anti-Money Laundering
Japan Regulator Issues Orders Against Crypto Firm CoinBest
By Editors | 15/06/2024
CoinBest’s IEO operations are suspended and the company is required to make improvements to its management, internal control and AML/CFT systems.

Cryptocurrency
UPDATED – ASX to List First Bitcoin ETF, Joining Cboe Australia
By Editors | 14/06/2024
APAC CEO Arian Neiron said VanEck recognised bitcoin as an emerging asset class that “many advisers and investors want to access”.

CBDCs
Ghana, MAS Complete Cross-border Trade PoC Using CBDC
By Nithya Subramanian | 14/06/2024
Project DESFT demonstrated that the eCedi can facilitate the participation of MSMEs in international trade.

Cryptocurrency
Taiwan Crypto Industry Launches New “VASP Association”
By Editors | 14/06/2024
The VASP Association is charged with developing self-regulatory guidelines and best practices for the crypto industry.

Fraud, Scams & Cybercrime
Terraform, Do Kwon Agree $4.6b Settlement With US SEC
By Editors | 13/06/2024
The settlement comes after a New York jury in April found Terraform Labs and Do Kwon liable on civil fraud charges.

Tokenisation
Benefits of Tokenisation Are “Overexaggerated”: WFE Paper
By Nithya Subramanian | 13/06/2024
The WFE says tokenisation work should continue, but that some of the benefits claimed are “overexaggerated”.

PEPs & Sanctions
US Expands Russia Sanctions Ahead of G7 Leaders Meeting
By Manesh Samtani | 13/06/2024
New sanctions target Russian financial infrastructure as well as entities in China, Hong Kong, Singapore and Thailand.

Cryptocurrency
Thailand Revokes Crypto Licence Due to Regulatory Failures
By Nithya Subramanian | 12/06/2024
The SEC said the Minister of Finance has agreed to revoke Zipmex’s digital asset business licence to prevent damage to customers.
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