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Cryptocurrency
MAS Orders Halt to Singapore Services From Binance.com
By Editors | 05/09/2021
Binance Asia Services, which operates Binance.sg, is a “distinct entity” and may still operate under an exemption while its licence application is under review.
Tokenisation
Task Force Formed to Align Digital Token Identifier With ITSA Standard
By Editors | 04/09/2021
The task force was formed to examine synergies between Digital Token Identifiers and the technical identifiers issued by ITSA.
Tokenisation
Chinese Investors to Gain Access to Digital Securities via ADDX
By Editors | 03/09/2021
Through the QDLP scheme, MAS-regulated ADDX will offer Chinese investors access to digital securities covering a broad range of asset types.
CBDCs
BIS, Four Central Banks Partner to Test Cross-Border CBDC Use
By Sanday Chongo Kabange | 03/09/2021
The BIS Innovation Hub Singapore Centre will test CBDCs for international settlements with the RBA, MAS, BNM and SARB.
Anti-Money Laundering
Korea Crypto Exchanges Team Up to Develop Travel Rule System
By Manesh Samtani | 02/09/2021
Bithumb, Coinone and Korbit have established a joint venture that will be used to develop systems to meet the travel rule requirement by March 2022.
CBDCs
India Targets December for CBDC Pilot Testing
By Sanday Chongo Kabange | 31/08/2021
RBI governor Shaktikanta Das said the central bank is studying various aspects of a digital rupee with a view to conducting trials in December.
Fraud, Scams & Cybercrime
Korea: Ex-Presidential Aide Sentenced to Jail for Crypto Fraud
By Sanday Chongo Kabange | 31/08/2021
The former presidential aide claimed a scam token had been certified by the BOK, FSS and KFTC, and that investors could multiply their investment by 100 times.
Custody & Infrastructure
Thai SEC Proposes Rules to Protect Custodied Digital Assets
By Pongnut Thanaboonchai | 30/08/2021
The SEC has proposed new additional requirements for digital asset businesses regarding the custody of clients’ assets, both fiat money and cryptocurrency.
Payments & Settlements
IMF Spotlights Legal Challenges of Fintech for Central Banks
By Sanday Chongo Kabange | 30/08/2021
A new IMF paper discusses the impacts fintech will have on currency issuance, monetary policy implementation, and payment system soundness, among other functions of a central bank.
CBDCs
MAS Announces Finalists for Global CBDC Challenge
By Editors | 30/08/2021
The finalists include ANZ, Citibank, Consensys, HSBC, IBM, Soramitsu, Standard Chartered, among others. They will progress to an eight-week Acceleration Phase to further develop and refine their solutions.
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