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Cryptocurrency
Crypto Firms Should Not Advertise to Retail Customers: MAS
By Mark Johnston | 18/01/2022
New guidelines say crypto firms should refrain from advertising their services in public areas in Singapore or via social media influencers.
Tokenisation
MAS Grants RMO Licence to Digital Asset Platform ECXX
By Editors | 17/01/2022
ECXX Global Pte Ltd entered Sandbox Express in August 2020 as a digital asset exchange platform providing investors access to security tokens.
Fraud, Scams & Cybercrime
Crime Becoming Smaller Part of Crypto Ecosystem: Report
By Manesh Samtani | 17/01/2022
Chainalysis estimates that illicit wallet addresses received $14bn throughout 2021, but this represented just 0.15% of total transaction volumes in crypto during the year.
Cryptocurrency
China State Planner Declares Cryptocurrency Mining Obsolete
By Mark Johnston | 14/01/2022
The NDRC said that measures to stamp out cryptocurrency mining are part of efforts to help achieve peak carbon and carbon neutrality targets on schedule.
Trading & Investment
Thai Stock Exchange Unveils Three-Year Strategic Plan
By Mark Johnston | 14/01/2022
The SET will launch a new exchange for fundraising by SMEs and startups within in Q1, and a new digital asset exchange in Q3.
Data Privacy
Policy Reforms Needed for Platform-based Financial Services: BIS
By Sanday Chongo Kabange | 13/01/2022
A BIS paper says platform-based business models can lower costs and aid financial inclusion, but they can also give rise to digital monopolies and oligopolies.
CBDCs
BIS, SNB, SIX Complete wCBDC Integration Test with Bank Systems
By Editors | 13/01/2022
In the second phase of Project Helvetia, a wholesale CBDC was used to test settlement of interbank, monetary policy and cross-border transactions with banking systems.
Cryptocurrency
Thailand Taxation Rules for Crypto to be Ready Soon
By Mark Johnston | 13/01/2022
A 15% capital gains tax will be applied to investors as well as operators of crypto mining facilities, but not crypto exchanges.
Stablecoins
HKMA to Introduce Regulatory Framework for Stablecoins
By Mark Johnston | 13/01/2022
Only Hong Kong incorporated entities licensed by the HKMA would be allowed to actively market stablecoins to the local public.
CBDCs
MAS Publishes Global CBDC Challenge 2021 Report
By Editors | 11/01/2022
MAS hopes to galvanise the financial ecosystem to co-create the next generation of payment rails built on the latest innovations.
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