Digital Assets

    Anti-Money Laundering

    Japan Crypto Industry to Adopt Travel Rule by April 2022

    By Sanday Chongo Kabange | 07/04/2021

    The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan’s crypto industry.

    CBDCs

    Thailand to Start Testing Retail CBDC in Q2 2022

    By Sanday Chongo Kabange | 07/04/2021

    The BOT says the retail digital baht will provide access to convenient and secure financial services without affecting Thailand’s financial system.

    CBDCs

    Japan Starts Testing Central Bank Digital Currency

    By Sanday Chongo Kabange | 07/04/2021

    The first phase of testing will involve experiments on the basic functions of the CBDC as a payment instrument.

    CBDCs

    PBOC Proposes Global Rules for CBDC Monitoring, Data Sharing

    By Sanday Chongo Kabange | 01/04/2021

    The PBOC suggests CBDC systems of different jurisdictions should be interoperable for monitoring and information sharing.

    Cryptocurrency

    India MCA Directs Companies to Disclose Crypto Dealings

    By Editors | 01/04/2021

    Companies are required to disclose their cryptocurrency dealings as well as profits and losses on these transactions in their financial statements.

    CBDCs

    BOJ Forms Committee to Lead CBDC Testing in April

    By Sanday Chongo Kabange | 01/04/2021

    The BOJ Liaison and Coordination Committee will share details and provide updates on the PoC with the private sector and the government.

    AI Risk & Governance

    Central Banks Should Embrace Innovation: Jacqueline Loh

    By Editors | 29/03/2021

    MAS’ Jacqueline Loh outlined several central bank-led innovation initiatives underway, including a project that will help quantify the ESG impact of investments and loan portfolios.

    CBDCs

    Project Aurum: HKMA to Explore General Purpose CBDC

    By Manesh Samtani | 25/03/2021

    Project Aurum will explore the benefits and challenges of different architectures for the distribution of a general purpose CBDC.

    Stablecoins

    BOT Outlines Plans to Develop Policy on Stablecoins

    By Sanday Chongo Kabange | 24/03/2021

    Parties seeking to issue a THB-backed stablecoin are required to consult with the BOT before beginning any operations. A consultation will be issued by mid-year.

    Market Abuse

    CFTC Penalises Coinbase for False Reporting, Wash Trading

    By Editors | 23/03/2021

    The settlement requires Coinbase to pay $6.5mn, and desist from any further violations of the Commodity Exchange Act or CFTC regulations.

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