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CBDCs
BOT Awards CBDC Contract to German Firm G+D
By Sanday Chongo Kabange | 03/06/2021
Bank of Thailand has plans to test the use of a retail CBDC within 2022 before full implementation over 3-5 years.
Cryptocurrency
Korea Designates FSS as Agency to Regulate Virtual Assets
By Sanday Chongo Kabange | 03/06/2021
The FSS will oversee the crypto industry, including in relation to AML rules imposed by the Act on Reporting and Using Specified Financial Transaction Information.
DeFi & Web3
DeFi May Be Subject to Licensing Requirement, Warns Thai SEC
By Sanday Chongo Kabange | 03/06/2021
The SEC warned that failure to obtain a licence for the issuance of digital tokens on DeFi platforms could be punishable under the Digital Assets Act.
Tokenisation
Bursa Malaysia Concludes Blockchain Bond POC with STACS
By Sanday Chongo Kabange | 03/06/2021
The collaborative efforts from the PoC have established a new ‘Bond in a Box’ operating model that shows commercial potentials, the project report says.
Cryptocurrency
2018 Circular Prohibiting Crypto Dealings Not Valid, RBI Clarifies
By Sanday Chongo Kabange | 01/06/2021
The RBI has clarified that its 2018 circular prohibiting cryptocurrency dealings is no longer valid, and should not be cited or quoted from.
Tokenisation
DBS Issues First STO on New Digital Exchange
By Sanday Chongo Kabange | 01/06/2021
The issuance paves the way for other issuers to access the capital markets through STO issuances as asset tokenisation turns mainstream, DBS says.
Cryptocurrency
Leveraged Crypto Trading Threatens Financial System: BOK
By Sanday Chongo Kabange | 31/05/2021
High leverage, price volatility and increased trading in crypto assets puts households at risk of financial damages, which could impact the financial system.
Cryptocurrency
Inner Mongolia Government Threatens Punishment for Crypto Mining
By Sanday Chongo Kabange | 28/05/2021
A new notice warns telecoms, big data centres and cloud computing companies of severe punishment if they engage in or facilitate crypto mining activities.
Cryptocurrency
Korean Crypto Exchanges Face “Existential Crisis” – Report
By Sanday Chongo Kabange | 27/05/2021
Crypto exchanges have until 24 September to partner with banks on real-name accounts as a requirement for a business licence from the FSC.
CBDCs
Bank Indonesia Explores CBDC as Legal Payment Instrument
By Editors | 26/05/2021
The central bank is assessing which platform and technology it will use to issue a digital rupiah as a legal digital payment instrument in Indonesia.
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