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Cryptocurrency
MAS Grants Two New Licences to Provide DPT Services
By Editors | 02/10/2021
DBS Vickers and Independent Reserve have received authorisation under the PSA to provide digital payment token services.
CBDCs
BIS Turns Attention to Practical Issues of Retail CBDC
By Editors | 30/09/2021
The BIS and seven central banks have published three new reports exploring practical policy and implementation issues of general purpose CBDCs.
Cryptocurrency
Korean VASPs Barred From Trading Native Tokens
By Sanday Chongo Kabange | 29/09/2021
A new conflict of interest rule bars VASPs from trading native tokens and their staff from trading virtual assets on their own platforms.
Fraud, Scams & Cybercrime
Hong Kong Sees Spike in Investment Scam Losses – Report
By Editors | 29/09/2021
Victims lost HKD 2.5 billion from investment scams between January and July, a 20-fold increase compared to the same period last year.
CBDCs
Central Banks Create Prototype Platform for mCBDC Settlements
By Sanday Chongo Kabange | 28/09/2021
The prototype platform was able to complete international transfers and foreign exchange operations in seconds while also lowering the cost of cross-border operations.
Payments & Settlements
Singapore, Malaysia to Link PayNow, DuitNow in Q4 2022
By Pongnut Thanaboonchai | 27/09/2021
Customers of participating financial institutions will be able to make real-time cross-border transfers using a mobile number.
Tokenisation
SGX-Temasek JV to Launch Issuer Services Platform in Q4 2021
By Editors | 27/09/2021
Marketnode has established partnerships with 10 FIs to facilitate the launch of the new platform, which is part of a new digital infrastructure for fixed income.
Cryptocurrency
Korea: 29 Crypto Exchanges Meet Registration Deadline
By Manesh Samtani | 26/09/2021
The applications will be processed within three months, following which approved exchanges will be subject to AML rules announced in March.
Cryptocurrency
Crypto Should Re-examine Relationship with Regulators, and Vice Versa
By Andy Meehan | 25/09/2021
Andy Meehan says greater collaboration is needed between industry players and regulators to advance ‘sensible’ regulation and ensure the public is properly educated.
Cryptocurrency
Thai SEC Directs Listed Companies to Disclose Crypto Investments
By Pongnut Thanaboonchai | 25/09/2021
Disclosures should be made through the SET’s online portal, company websites, annual registration statements and annual reports.
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