Digital Assets

Sustainable Finance

PBOC Sets Out Action Plan for Second Half of 2021

By Sanday Chongo Kabange | 04/08/2021

Key focus areas include promoting a greener financing system, resolving major financial risks, promoting financial opening-up, and cracking down on crypto trading.

Cryptocurrency

US House Bill Offers Regulatory Framework for Crypto

By Manesh Samtani | 02/08/2021

The bill would give the SEC authority over digital asset securities, the CFTC authority over digital assets, and the Fed authority to issue a digital dollar.

Cryptocurrency

UPDATED – MAS Grants “In-Principle Approval” to First DPT Provider

By Manesh Samtani | 02/08/2021

MAS has clarified that notices have been issued to several applicants and that “in-principle approval” is not an official term.

Cryptocurrency

Regulatory Pressure on Binance Builds With Malaysia Ban

By Manesh Samtani | 01/08/2021

Malaysia’s SC has announced enforcement actions. Binance is winding down its derivatives business in Europe. India is probing its involvement in a betting probe.

Custody & Infrastructure

CSRC Grants Citigroup Approval to Launch Custody Business

By Editors | 01/08/2021

The licence allows Citi to provide custody services for fund products issued by fund firms or other asset managers in China.

Cloud & Infrastructure

BOT Issues Guidance on Blockchain Adoption in Financial Services

By Sanday Chongo Kabange | 01/08/2021

The guideline covers blockchain application in financial businesses, project governance, security standards, and risk management, among other areas.

Cryptocurrency

Ripple Opens Japan-Philippines Remittance Corridor

By Manesh Samtani | 31/07/2021

Japan’s SBI Remit will connect with Coins.ph and crypto exchange SBI VC Trade to open the remittance corridor, leveraging Ripple’s on-demand liquidity service.

Cryptocurrency

Australia: Industry Body Seeks Greater Clarity on Crypto Regulation

By Sanday Chongo Kabange | 30/07/2021

Blockchain Australia has asked for safe harbour to be provided to ensure regulatory action will not be taken against crypto businesses where the law is unclear.

Fraud, Scams & Cybercrime

FSC Finds VASP Deposit Accounts Linked to Fraudulent Activity

By Editors | 29/07/2021

Crypto exchanges in Korea are required to use bank accounts under their real names. Third party bank accounts are not allowed.