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Digital Assets
Cryptocurrency
Commonwealth Bank to Restrict Payments To Crypto Exchanges
By Karen Ng | 09/06/2023
Caroline Bowler, head of BTC Markets, warns that the move could push crypto investors to overseas platforms that have fewer protections.
CBDCs
RBI to Make CBDC QR Codes Interoperable With UPI System
By Editors | 09/06/2023
The RBI issued the e-rupee as a pilot project late last year. Deputy governor T Rabi Sankar 1 million customers will be active on the CBDC by end-of-month.
Stablecoins
BIS Develops Smart Contract Prototype for SME Finance
By Editors | 09/06/2023
The prototype was developed as part of Project Dynamo, a collaboration between BIS Innovation Hub and HKMA to explore the use of digital tokens in supply chain finance for SMEs.
Payments & Settlements
Australia Issues New Strategic Plan for Payments System
By Manesh Samtani | 08/06/2023
A new licensing framework will be introduced, including for payment stablecoin issuers. RBA will explore fast payment links with other jurisdictions.
Cryptocurrency
US SEC’s Binance Suit Delays Korea Gopax Acquisition
By Sanday Chongo Kabange | 08/06/2023
The FSC has suspended planned management changes at crypto trading platform Gopax, which was acquired by Binance in February.
Stablecoins
MAS Grants Major Payment Institution Licence to Circle
By Ranamita Chakraborty | 07/06/2023
Circle said receiving the licence is a “significant step forward” for the firm and the future of financial infrastructure and dollar digital currencies in Asia.
Fraud, Scams & Cybercrime
Hong Kong: Going Digital Caused Scams to Rise 45.1% in 2022
By Karen Ng | 07/06/2023
Data compiled by law firm Freshfield Bruckhaus Deringer shows that Hong Kong deception cases grew 45.1 percent in 2022.
Cryptocurrency
Philippine SEC Delayed Roll-out of Crypto Rules Last Year Due to FTX
By Sanday Chongo Kabange | 07/06/2023
The SEC was ready to issue a new regulatory framework for crypto assets late last year, but decided to delay its release to incorporate lessons from the FTX collapse.
Cryptocurrency
Cboe Granted Approval to Clear Margined Crypto Futures
By Sanday Chongo Kabange | 07/06/2023
To date, Cboe has offered trading and clearing of Bitcoin and Ether futures only on a fully collateralised basis.
Cryptocurrency
US SEC Seeks Emergency Freeze on Binance Assets
By Manesh Samtani | 07/06/2023
The emergency motion comes a day after the SEC charged Binance and its CEO for alleged securities law violations.
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