Digital Assets

CBDCs

BOC Settles First Cross-border Precious Metals Trade Using e-CNY

By Editors | 26/12/2023

Bank of China transferred CNY 100 million in cash from an overseas buyer and deposited the funds as digital yuan at the Shanghai Gold Exchange.

Cryptocurrency

Hong Kong SFC to Permit Listing of Spot Crypto ETFs

By Manesh Samtani | 23/12/2023

HKEX welcomed the SFC’s move, saying it will enhance Hong Kong’s role as a leading digital asset hub across the region.

Cryptocurrency

FSC Korea Issues New Accounting Guidelines for Crypto Assets

By Manesh Samtani | 22/12/2023

Crypto exchanges that have control over customer assets must account for them separately as assets and liabilities.

Fraud, Scams & Cybercrime

HK SFC Issues Warning About More Suspicious VATPs

By Sanday Chongo Kabange | 21/12/2023

The SFC said the police have blocked the two platforms in Hong Kong over suspected fraudulent activities related to virtual assets.

Structural Regulation

UK to Launch Digital Securities Sandbox on 8 Jan 2024

By Editors | 20/12/2023

The sandbox will allow FMIs to test the use of new technology including DLT to operate trading venues and perform CSD activities.

Sustainable Finance

Global Consortium to Set-up Circular Tokenised Sustainable Impact Fund

By Nithya Subramanian | 20/12/2023

The SEE fund will be an auditable SDG-focussed fund with an embedded penalty mechanism built into its governance structure.

Custody & Infrastructure

HashKey Secure Fund Management Licence in Singapore

By Editors | 20/12/2023

With the new licence, HashKey intends to provide regulated fund management services to institutional and accredited investors from Singapore.

DeFi & Web3

IOSCO Finalises Policy Recommendations for DeFi

By Manesh Samtani | 19/12/2023

The policy recommendations for DeFi are intended to be complementary to and interoperable with IOSCO’s policy recommendations for crypto and digital assets markets.

CBDCs

BOK Partners with LG Unit to Develop CBDC System

By Mark Johnston | 19/12/2023

The platform will enable authorities to jointly test the feasibility of a CBDC, which BOK governor Rhee Chang-yong says is ‘essential’ to the future of finance.