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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.
Cryptocurrency
Former CFTC Chair Calls for Dedicated US Crypto Regulator
By Sanday Chongo Kabange | 09/01/2022
Such a bureau would have its own authorisation and financing, and adopt the mandates of both the CFTC and SEC, said J. Christopher Giancarlo.
Tokenisation
Korean Presidential Hopeful to Use NFTs for Campaign Fundraising
By Sanday Chongo Kabange | 07/01/2022
The Democratic Party of Korea’s Lee Jae-myung is set to become the world’s first presidential candidate to raise campaign funds using NFTs.
CBDCs
China Releases CBDC Wallet on Mobile App Stores
By Editors | 05/01/2022
The app is available in 12 cities and regions as well as the host cities for the Winter Olympics. Until now the app has only been available for download via private links.
Payments & Settlements
IndusInd Bank, NPCI Partner on UPI-based Cross Border Payments
By Editors | 03/01/2022
Initially, real-time remittances from Thailand to India will be enabled via DeeMoney, a Thailand-based money transfer operator and partner of IndusInd Bank.
CBDCs
BOT to Delay Testing of Retail CBDC to Late 2022
By Editors | 30/12/2021
After discussions with relevant parties and careful consideration, Thailand will proceed slowly, said BOT deputy director Kasidit Tansanguan.
Anti-Money Laundering
KoFIU Completes Initial Review of VASP Business Registrations
By Mark Johnston | 24/12/2021
In all, 29 VASPs have been approved out of a total 42 that filed for registration by the 24 September deadline. Decisions on five entities are still pending.
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