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Cryptocurrency
DBS to Expand Crypto Offerings to More Clients – Report
By Editors | 11/09/2022
CEO Piyush Gupta says DBS will soon offer crypto services to 300,000 other clients across Asia such as private banks, accredited investors, exchanges and funds.
Cryptocurrency
Australia Clarifies Crypto is Not Taxed as Foreign Currency
By Editors | 08/09/2022
The proposed legislation removes uncertainty regarding whether Bitcoin may be treated as a ‘foreign currency’ for income tax purposes.
Cryptocurrency
Thai SEC Advances Work to Revamp Rules for Crypto Firms
By Editors | 08/09/2022
The SEC will appoint a working group to consider amendments to the regulatory framework. Separately, it has filed a police complaint against Zipmex.
Tokenisation
Korea to Launch KRX-Operated Digital Securities Market
By Editors | 07/09/2022
Security token guidelines will be published in Q4 2022, and rule changes will be made next year to establish a system for issuance and distribution.
PEPs & Sanctions
UK OFSI Updates Sanctions Guidance to Include Crypto
By Editors | 07/09/2022
Crypto firms are directed to freeze assets of targets listed under the Consolidated List and report suspected sanctions breaches to the OFSI.
Cloud & Infrastructure
KPMG Launches Embedded Finance Hub in Singapore
By Editors | 06/09/2022
KPMG said the Hub will work with MAS and the broader ecosystem to accelerate the adoption of embedded finance in Singapore.
CBDCs
Digital Dollar Project Launching Sandbox to Explore CBDC
By Editors | 06/09/2022
The programme is slated to begin in early October with a focus on cross-border payments. The initial participants will be Digital Asset, EMTECH, Knox Networks, and Ripple.
Cryptocurrency
Korea’s Busan City Forms Partnerships with FTX, Binance
By Editors | 05/09/2022
FTX will assist in the establishment of the Busan Digital Asset Exchange. Both FTX and Binance will support the development of Busan’s local blockchain industry.
Market Abuse
Thai SEC Penalises Bitkub CTO for Insider Trading Violations
By Editors | 05/09/2022
Bitkub’s CTO bought the company’s own digital token, KUB Coin, based on inside information about a proposed acquisition by Siam Commercial Bank.
CBDCs
India: Four Public Sector Banks to Run CBDC Pilot
By Editors | 05/09/2022
The RBI has reportedly asked State Bank of India, Punjab National Bank, Union Bank of India and Bank of Baroda to run a CBDC pilot internally.
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