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Cryptocurrency
CME Group Launches Bitcoin, Ether Futures in Euro
By Editors | 31/08/2022
CME says the new contracts will provide institutional investors precise tools to trade and hedge their crypto exposures.
Cryptocurrency
Japan Considers Relaxation of Crypto Taxation Policies
By Editors | 30/08/2022
Authorities are considering a system under which crypto asset issuers would only be taxed when profits are generated, and not based on unrealised gains.
Cryptocurrency
BOK Calls for Reversal of ICO Ban in Korea
By Editors | 30/08/2022
BOK says the ban has resulted in domestic companies turning overseas to issue new crypto assets, which are then listed on Korean crypto exchanges.
Cryptocurrency
MAS to Strengthen Retail Protections from Crypto Harms
By Manesh Samtani | 30/08/2022
MAS managing director Ravi Menon described an approach to digital assets that allows Singapore to be both stringent in its regulation and facilitative of innovation.
Cryptocurrency
UnionBank Becomes First Philippine Bank to Enable Crypto Trading
By Editors | 30/08/2022
UnionBank has also been exploring other uses of blockchain technology, as it seeks to future-proof its business and expand its metaverse footprint.
Payments & Settlements
Indonesia, Singapore Commence Work on QR Payment Link
By Manesh Samtani | 29/08/2022
Bank Indonesia also launched the “international QRIS”, initially connecting to Thailand’s payment system, and have a retail CBDC in the works.
Cryptocurrency
MAS Seeking Granular Business Activity Info From Crypto Firms
By Editors | 29/08/2022
The exercise is reportedly aimed at gathering information from crypto-related firms in Singapore ahead of planned regulatory changes for the sector.
PEPs & Sanctions
US Lawmaker Seeks Clarity on Tornado Cash Sanctions
By Editors | 28/08/2022
US Congressman Tom Emmer says the designations against Tornado Cash wallet addresses are a “divergence from previous OFAC precedent”.
Emerging Prudential Risks
Canada OFSI Issues Guidance on Bank Treatment of Crypto
By Mark Johnston | 28/08/2022
OFSI provides no recognition (i.e., a 100% haircut) for Group 2 cryptoassets held as collateral, but is seeking views on hedging practices that could warrant a lower haircut.
Tokenisation
Shanghai Data Exchange Opens New Board for NFT-Like Assets
By Editors | 27/08/2022
Digital assets that can be traded on the new board are “non-monetary assets” owned in digital form for cultural and creative purposes.
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