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DeFi & Web3
MAS FinTech Hackcelerator to Focus on Web3, Green Finance
By Editors | 30/05/2022
Fintech firms and solution providers from around the world are invited to address over 50 problem statements related to Web 3.0 and green finance.
Cryptocurrency
Crypto Ads to be Screened in the Philippines from 7 July
By Editors | 29/05/2022
Firms advertising crypto services to Philippine users will have to provide proof they have registered with the SEC as companies and with BSP as remittance and transfer providers.
Cryptocurrency
Thailand Formalises VAT Exemption for Crypto Transactions
By Editors | 29/05/2022
Thailand’s Cabinet approved the measure in March. The decree formalises the VAT exemption retroactively from 1 April 2022, keeping it in place until 31 December 2023.
Cryptocurrency
ECB Calls for Urgent EU Approval of MiCA Regulation
By Sanday Chongo Kabange | 28/05/2022
Crypto-asset markets currently show all the signs of an emerging financial stability risk, the ECB says in a report.
Stablecoins
World Bank Paper Explores Barriers to Stablecoin, CBDC Adoption
By Sanday Chongo Kabange | 28/05/2022
Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.
CBDCs
US Banks Lobby Against Possible Issuance of CBDC
By Editors | 26/05/2022
The American Bankers Association says a CBDC would risk moving 71% of bank deposits to the Fed and undermine the financial system.
Fraud, Scams & Cybercrime
New Zealand Probes Fake Crypto Firm Over Missing Funds
By Sanday Chongo Kabange | 26/05/2022
A company called Quwiex Limited disappeared with investor funds after saying its website was deactivated for an upgrade.
Stablecoins
Terra Collapse Sparks Regulatory Change, Lawsuits in Korea
By Mark Johnston | 26/05/2022
The FSC says thirteen relevant bills on digital asset investor protection are currently pending at the National Assembly.
CBDCs
SWIFT to Develop Capabilities to Interlink CBDCs With Payment Systems
By Sanday Chongo Kabange | 25/05/2022
SWIFT will seek to interlink multiple CBDC platforms with existing payment systems, using existing bank messaging standards and authentication models.
Cryptocurrency
GBBC, GDF Merge to Create 500 Member Association
By Editors | 25/05/2022
The combined influence of GBBC and GDF is expected to help facilitate global collaboration on a robust global framework for crypto assets.
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