Digital Assets

Clearing & Post-Trade

Global Consortium Executes First “Quantum-Secure” Trade Transaction

By Sanday Chongo Kabange | 19/06/2023

The trade parties utilised IMDA’s ‘TradeTrust framework’ and placed a quantum-secure ‘seal’ on the electronic trade documents.

Cryptocurrency

HKMA Meets with Crypto Firms on Banking Access Challenges

By Karen Ng | 19/06/2023

Banks operating in Hong Kong should endeavour to meet the legitimate business need of licensed VASPs, the HKMA told Regulation Asia.

CBDCs

BIS Innovation Hub Concludes Joint CBDC Experiment With BOE

By Editors | 19/06/2023

Project Rosalind explored how a universal and extensible API layer could connect central bank and private sector infrastructures and facilitate retail CBDC payments.

DeFi & Web3

Industry Raises Concerns Over SEC Proposal to Redefine Exchanges

By Editors | 18/06/2023

SIFMA says the SEC’s attempt to bring DeFi systems into scope could potentially subject other non-DeFi broker-dealer systems to unnecessary regulation.

DeFi & Web3

Banque de France Says Second Version of MiCA is Needed

By Editors | 17/06/2023

Francois Villeroy de Galhau highlighted that MiCA currently does not cover crypto conglomerates, crypto lending, DeFi and NFTs.

Cryptocurrency

Crypto Lender Abra Faces Regulatory Action in Texas

By Mark Johnston | 17/06/2023

The Texas State Securities Board alleges that Abra has been making false statements and transferring assets to risky platforms.

Cryptocurrency

ESMA Sets Out Plans for Crypto Rule Consultations

By Editors | 15/06/2023

With MiCA now in force, ESMA said it would consult on a range of technical standards that will be published in three packages.

Tokenisation

Korea Securities Depository to Establish Security Token Platform

By Sanday Chongo Kabange | 15/06/2023

The KSD will set up a securities token platform and play the role of screening registrations of such digital assets.

Cryptocurrency

Bittrex Gets Court Approval to Allow Customer Withdrawals

By Mark Johnston | 14/06/2023

The DOJ had argued that allowing customer withdrawals would subordinate a government claim, but the court ruled in favour of Bittrex.