Digital Assets

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.

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.