Digital Assets

Cryptocurrency

Bitcoin Consumes Less Energy than Classical Payments: Report

By Mark Johnston | 25/06/2022

Research report finds that the Lightning network enables a single Bitcoin transaction to become 194 million times more energy-efficient than a classical payment.

Tokenisation

ADDX, CCB Partner to Enable Chinese Offshore Investments

By Editors | 24/06/2022

The CCB agreement allows ADDX to operationalise an arrangement with ICHAM to channel QDLP funds from mainland investors into overseas digital securities.

CBDCs

Mojaloop Launches CBDC Center of Excellence in Singapore

By Editors | 24/06/2022

MAS welcomed the Center of Excellence, describing Mojaloop’s efforts as “a step forward into the future of financial services”.

Payments & Settlements

RBI 2025 Vision Targets Growth in Digital Payments

By Mark Johnston | 23/06/2022

The vision document outlines plans to introduce a framework for regulating all “significant intermediaries” in the payments ecosystem, as well as regulations for bigtech, fintechs and BNPL.

Fraud, Scams & Cybercrime

Korean Prosecutors Impose Flight Ban on Terra Employees

By Editors | 23/06/2022

The travel ban is meant to prevent dozens of Terraform Labs employees in Korea from leaving the country to avoid being summoned for questioning.

CBDCs

BIS Innovation Hub Outlines Lessons from CBDC Experiments

By Manesh Samtani | 23/06/2022

The report covers four experiments, Project Inthanon-LionRock, Project Jura, Project Dunbar, and Project mBridge.

Cryptocurrency

MAS Grants Three More In-Principle Approvals to Crypto Firms

By Manesh Samtani | 22/06/2022

Deputy PM Heng Swee Keat said in-principle approvals were being issued to three more DPT licence applicants, later identified as Crypto.com, Genesis and Sparrowtech.

Cryptocurrency

India: Crypto Exchanges Call on NPCI to Restore UPI Services

By Mark Johnston | 22/06/2022

Since April, Indian crypto exchanges have not been able to accept deposits via the UPI. BACC members are asking for a reversal of the decision.

CBDCs

BISIH London to Develop API Prototypes for Retail CBDC

By Editors | 22/06/2022

Project Rosalind aims to develop APIs for retail CBDC distribution that best enable a central bank ledger to interact with private sector service providers.