Digital Assets

    Cybersecurity

    HKCERT Warns of Information Security Risks in 2022

    By Editors | 18/02/2022

    NFT and metaverse-related risks, and crypto account hacks and thefts, were cited as top information security risks for the first time.

    Anti-Money Laundering

    18 Crypto Exchanges Jointly Launch Travel Rule Solution

    By Editors | 18/02/2022

    The firms include BitGo, bitFlyer, Bittrex, BlockFi, Circle, Coinbase, Fidelity Digital Assets, Gemini, Kraken, and Robinhood, among others.

    Cryptocurrency

    FSB Updates G20 on 2022 Priorities, Including Work on Crypto-assets

    By Manesh Samtani | 17/02/2022

    The FSB has started to examine regulatory and supervisory issues and approaches to address risks stemming from unbacked crypto-assets.

    Tokenisation

    NFTs Are Not Suitable for Retail Investors, MAS Chairman Warns

    By Manesh Samtani | 17/02/2022

    MAS chairman Tharman Shanmugaratnam said NFTs could be regulated only if they are used to represent capital markets products.

    Cryptocurrency

    Crypto-related Financial Stability Risks are Increasing: FSB

    By Manesh Samtani | 16/02/2022

    Crypto-related financial stability risks could “rapidly escalate”, underscoring the need for “timely and pre-emptive” evaluation of possible policy responses.

    Cryptocurrency

    Thai SEC Proposes New Rules on Crypto-related Advertising

    By Manesh Samtani | 15/02/2022

    Advertisements related to cryptocurrencies in public areas will be prohibited, but advertising of services “can still be carried out normally”.

    CBDCs

    IMF Paper Offers Insights from Six CBDC Pioneer Projects

    By Sanday Chongo Kabange | 15/02/2022

    A new IMF paper offers lessons on CBDCs drawn from ongoing projects in China, the Bahamas, Sweden, Uruguay, Canada and the ECCU.

    Cryptocurrency

    DBS to Offer Retail Crypto Trading by Year End

    By Mark Johnston | 15/02/2022

    DBS plans to make access to its institutional trading desk for digital assets more convenient and to launch retail services by year-end.

    Anti-Money Laundering

    MAS Tables Bill to Obtain Enhanced Regulatory Powers

    By Sanday Chongo Kabange | 15/02/2022

    The Financial Services and Markets Bill will give MAS enhanced regulatory powers to address misconduct, crypto asset and technology risks.

    Sustainable Finance

    JPX Commences Research On ‘Digitally Tracked Green Bonds’

    By Editors | 14/02/2022

    JPX plans to issue the bond to help it achieve carbon neutrality, while at the same time enabling investors to track its progress over time.

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