Digital Assets

Custody & Infrastructure

Thai SEC Proposes Higher Capital Requirements for Crypto Firms

By Editors | 10/03/2024

Crypto exchanges would have to meet a minimum capital requirement of THB 100 million if they hold customer assets, up from THB 50 million currently.

Cryptocurrency

UK Consults on Implementation of Crypto-Asset Reporting Framework

By Editors | 10/03/2024

HM Treasury proposes to enact rules in 2026 to enable the first information exchanges under CARF to start in 2027.

Supervision & Enforcement

Singapore Passes Bill to Give MAS Greater Investigative Powers

By Editors | 08/03/2024

The Bill enhances MAS’ evidence-gathering powers and facilitates greater inter-agency coordination for all parts of the financial sector.

CBDCs

HKMA Commences wCBDC Project to Drive Tokenisation

By Editors | 07/03/2024

Project Ensemble could help to forge new financial market infrastructure that can bridge tokenised assets and money in transactions, the HKMA said.

Cryptocurrency

US SEC Secures $275,000 Settlement from Crypto Firm ShapeShift

By Editors | 07/03/2024

SEC Commissioners Hester Peirce and Mark Uyeda issued a joint statement expressing disagreement with the enforcement action.

Cryptocurrency

Bitstamp Wins In-principle Licence Approval in Singapore

By Nithya Subramanian | 07/03/2024

The European crypto exchange will focus on institutions, including payment processors, fintech companies and brokerages.

Payments & Settlements

BNM to Upgrade RENTAS, Including to Facilitate CBDC

By Sanday Chongo Kabange | 07/03/2024

BNM’s modernisation plan for RENTAS includes future-proofing the system and enhancing its risk management functionalities.

CBDCs

BIS Innovation Hub to Explore ‘Privacy by Design’ for CBDC

By Manesh Samtani | 07/03/2024

The BIS Innovation Hub and HKMA have launched Aurum 2.0, a project focused on building privacy features into CBDC systems.

Cryptocurrency

Hong Kong: More Clarity Needed on Proposed OTC Crypto Regime

By Nithya Subramanian | 07/03/2024

Clarity is needed on the scope of activities captured by the regime, how stablecoins will fit into the regime, and how professional investors will be treated.