Digital Assets

Custody & Infrastructure

FSC Korea Proposes Rules to Protect Virtual Asset Users

By Manesh Samtani | 12/12/2023

VASPs must store at least 80% of customers’ virtual assets in cold wallets, purchase liability insurance, hold reserves, and monitor for abnormal transactions.

Trading & Investment

Indian Firms Will Be Able to List on IFSC Exchanges Next Year

By Nithya Subramanian | 11/12/2023

Allowing local companies to raise foreign capital from GIFT city will be key milestone, said V Balasubramaniam.

Payments & Settlements

Australia Proposes Licensing Framework for Payment Services

By Manesh Samtani | 09/12/2023

Payment service providers would need to be licensed by ASIC, and in some cases, APRA. The ePayments Code will also be updated and made mandatory.

CBDCs

RBI in Talks With HK, US on Cross-border CBDC Payments

By Ajoy K Das | 08/12/2023

The RBI has set up a working group to create a roadmap for settling international remittances using CBDCs.

CBDCs

Taiwan Considers Platform Design for Possible Future CBDC

By Editors | 08/12/2023

Taiwan’s central bank has completed a wholesale CBDC feasibility and technology study but has not yet decided whether to introduce a CBDC.

Market Risk

BCBS Says it Will Launch Three New Consultations

By Manesh Samtani | 08/12/2023

The consultations will deal with the standards for crypto assets, interest rate risk in the banking book, and window-dressing by G-SIBs.

CBDCs

Singapore, China Announce New Bilateral Cooperation Agreements

By Manesh Samtani | 08/12/2023

The agreements include a cross-border e-CNY pilot, a possible PayNow-UnionPay linkage, and an MoU between SGX and GFEX.

CBDCs

Solomon Islands Central Bank Starts Testing CBDC

By Editors | 08/12/2023

The central bank is testing the CBDC for retail transactions, P2P transfers, interbank transactions, and cross-border payments.

Cryptocurrency

Japan Prepares to Relax Crypto Taxation Policies

By Editors | 08/12/2023

The reforms will allow corporations to hold crypto assets without being taxed on unrealised gains at the end of each year.