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Cryptocurrency
Philippine SEC Warns Against Dealing with Unlicensed Entities
By Editors | 21/09/2021
The SEC has warned against dealing with unlicensed forex brokers, crypto exchanges, and DeFi platforms among others.
Cryptocurrency
Korea: Nearly 70 Crypto Exchanges Set to Suspend Services
By Sanday Chongo Kabange | 21/09/2021
Nearly 40 exchanges are set to suspend all services, while 28 have ISMS certification and can continue trading without the Korean won.
CBDCs
CBDCs Theaten to Eat Into Banks’ Remittance Fees: Moody’s
By Ranamita Chakraborty | 20/09/2021
Fees and commissions banks charge for cross-border transactions will be reduced with wide adoption of CBDCs.
CBDCs
PBOC Targets February 2022 Launch of Digital Yuan
By Sanday Chongo Kabange | 20/09/2021
The e-CNY has built-in functionality to enable self-executing payments via smart contracts. The PBOC aims to fully launch the CBDC by the 2022 Winter Olympics.
Cloud & Infrastructure
BOT to Embrace Digital Technology in Regulatory Approach
By Pongnut Thanaboonchai | 18/09/2021
The BOT will promote open data and infrastructure to facilitate SME access to credit. The sandbox rules will also be updated.
Cryptocurrency
Laos Authorises Six Companies for Crypto Mining, Trading
By Editors | 18/09/2021
Government ministries will work with the central bank and national power utility to decide on rules governing the use of cryptocurrencies.
Tokenisation
FINMA Grants Approval Allowing SIX to Deal in Digital Securities
By Editors | 16/09/2021
SIX Digital Exchange is approved to act as a CSD and its associated company SDX Trading to act as a stock exchange.
Cryptocurrency
Korean Crypto Exchange Closures to Cost Investors $2.6b
By Sanday Chongo Kabange | 16/09/2021
The closure of almost 40 of Korea’s crypto exchanges would eliminate 42 so-called Kimchi coins and potentially result in $2.6bn in investor losses.
Clearing & Post-Trade
DTCC to Launch DLT-Based Settlement Platform in Q1 2022
By Editors | 15/09/2021
Project Ion will create an alternative clearance and settlement option for US equity markets that leverages distributed ledger technology.
Cryptocurrency
JBA Calls for Global Cryptoasset Regulations for Non-banks
By Manesh Samtani | 15/09/2021
A global regulatory framework for cryptoassets that only includes banks would exacerbate rather than contain financial stability risks.
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