Digital Assets

CBDCs

China to Start Using CBDC in Cross-Border Trade

By Sanday Chongo Kabange | 28/04/2023

Xuzhou will use the e-CNY for payment of Belt and Road trade costs; Changshu City will use it to pay civil servants.

Sustainable Finance

Japan: Reforms Needed to Boost Digital Green Bond Market

By Editors | 28/04/2023

Expert panel finds that the technology used in JPX’s digitally tracked green bond has other applications, but some challenges need to be addressed first.

Cryptocurrency

Korea’s New Crypto Bill Passes Key Legislative Subcommittee

By Philip Gant | 28/04/2023

The “Virtual Asset User Protection Bill” consolidates and reconciles 19 legislative proposals introduced over the two years since May 2021.

Structural Regulation

Thailand to Defer Publication of Virtual Banks Framework

By Editors | 28/04/2023

The BOT said it received “helpful” consultative feedback and now needs more time to clarify the licensing conditions and produce an application manual.

Fraud, Scams & Cybercrime

Terra Co-Founder Daniel Shin Indicted in Korea

By Editors | 27/04/2023

Daniel Shin and nine others were indicted for their roles in the collapse of the Terra stablecoin which caused significant losses for investors.

Stablecoins

US Lawmakers Propose Another Draft Bill for Stablecoins

By Editors | 26/04/2023

New bill provides a narrower focus overall and gives state regulators more power to charter stablecoin issuers.

Payments & Settlements

New York Fed Tightens Rules on Access to Reverse Repo Facility

By Editors | 26/04/2023

The tighter requirements are said to be aimed at preventing stablecoin issuers from parking their reserves at the Fed.

Cryptocurrency

Binance.US Cancels Deal to Acquire Voyager Digital

By Editors | 26/04/2023

The DOJ indicated earlier this week that it was prepared to allow the deal to proceed. Binance.US had the right to cancel if the deal was not closed by 18 April.

Cryptocurrency

Coinbase Asks US Court to Compel SEC to Provide Regulatory Clarity

By Editors | 26/04/2023

Coinbase is asking the court to compel the SEC to a respond to petition filed last year, which asked the regulator to propose and adopt rules for the digital assets sector.