Digital Assets

    Cryptocurrency

    Thailand to Prohibit Use of Digital Assets in Payments

    By Manesh Samtani | 26/01/2022

    The SEC is consulting on draft rules that will prohibit digital asset businesses from enabling merchants to accept crypto as payment for goods and services.

    CBDCs

    BIS Innovation Hub to Expand Work Programme in 2022

    By Editors | 25/01/2022

    The BIS Innovation Hub will launch new projects into CBDCs, payments systems, DeFi, green finance, regtech, suptech and cybersecurity.

    Cryptocurrency

    Russian Central Bank Proposes to Impose Crypto Ban

    By Mark Johnston | 25/01/2022

    A proposed ban against investing in cryptocurrencies would also apply to institutional investors and mutual funds, the central bank says.

    Tokenisation

    Taiwan FSC Relaxes Rules on Fundraising Through STOs

    By Darien Choong | 25/01/2022

    The single platform fundraising cap is increasing to TWD 200 million, and overseas Chinese and foreigners will be allowed to invest in STOs.

    Cloud & Infrastructure

    BNM Unveils Five Year Blueprint to Develop Financial Sector

    By Manesh Samtani | 25/01/2022

    The blueprint contains plans to advance financial sector digitalisation, develop an open data ecosystem, and improve efficiency in cross-border payments.

    Cryptocurrency

    US May Soon Unveil Regulatory Approach for Crypto – Report

    By Manesh Samtani | 24/01/2022

    A government-wide strategy for digital assets may be released in a White House executive order as early as next month.

    Credit Risk

    IMF Commends Hong Kong Efforts to Safeguard Stability

    By Manesh Samtani | 23/01/2022

    Hong Kong banks’ exposures to the mainland property market warrant continued close monitoring and periodic stress testing.

    Cryptocurrency

    Laos Central Bank Authorises Crypto Exchange Platforms

    By Editors | 23/01/2022

    Cryptocurrency exchange platforms Lao Digital Assets Exchange and Bitqik are expected to start providing services in April.

    DeFi & Web3

    OECD Examines Policy Implications of DeFi in New Report

    By Mark Johnston | 22/01/2022

    An increased use of stablecoins constitutes “one of the greatest points of vulnerability of the DeFi market” and a potential channel of risk transmission to the traditional financial markets.

    Cryptocurrency

    ASIC Warns Against Investing Super in Crypto Assets

    By Sanday Chongo Kabange | 18/01/2022

    ASIC says individuals who set up self-managed super funds may be increasingly targeted by scammers to invest in crypto-assets.

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