Digital Assets

CBDCs

Taiwan Central Bank Completes Second Phase of CBDC Testing

By Editors | 29/06/2022

The central bank will now collect feedback from the trials, seek to gain public support for the CBDC, refine its technology, and establish regulations for the digital currency.

Anti-Money Laundering

Woori Bank, Crypto Exchange Under Probe for Money Laundering

By Editors | 29/06/2022

This is the first time that a Korean virtual asset exchange and a bank have been used as channels for money laundering, an official said.

DeFi & Web3

WEF Offers Guidance to Policymakers on DAO Structures, Risks

By Editors | 28/06/2022

DAOs may disrupt whole sectors but they also confront challenges of cybersecurity, governance, and regulatory uncertainty, says a new WEF report.

Cryptocurrency

Thai SEC Proposes to Tighten Rules for ICO Portals

By Editors | 28/06/2022

ICO portals cannot provide services for digital token offerings if there is a conflict of interest, such as in situations where they hold shares in the issuer.

Tokenisation

Malaysia Unveils Strategic Roadmap to Develop Labuan IBFC

By Editors | 28/06/2022

The roadmap includes plans to develop regulatory requirements for digital assets, the tokenisation of non-securities, and dealings on digital exchange platforms.

Emerging Prudential Risks

BIS Warns Central Banks of Inflation Threat

By Editors | 28/06/2022

The BIS warns that the dangers of stagflation “loom large” due to lingering disruptions from the pandemic, the war in Ukraine, and soaring commodity prices.

Cryptocurrency

Shenzhen Authorities Issue Warning Against Crypto Speculation

By Editors | 28/06/2022

Domestic staff of overseas crypto exchanges and others engaging in crypto-related business will be investigated.

CBDCs

Japan’s Soramitsu to Study CBDC in Vietnam, Fiji, Philippines

By Editors | 27/06/2022

Japan’s METI has selected Soramitsu to conduct CBDC feasibility studies in other APAC countries, building on its work in Cambodia and Laos.

Cryptocurrency

Chinese Courts Rule Sales Agreement Involving Crypto as Invalid

By Editors | 26/06/2022

The court said virtual currencies are not legal tender, referencing the 2017 declaration from the PBOC. A higher court upheld the ruling.