Digital Assets

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.

Cryptocurrency

BSP, PDAX to Cooperate on Crypto-and-Fintech Regulatory Sandbox

By Editors | 23/03/2021

A crypto-and-fintech regulatory sandbox will boost innovation and technological advancement in financial services, while also increasing public participation in these markets.

Anti-Money Laundering

Korea’s New AML Law for VASPs Set to Take Effect

By Sanday Chongo Kabange | 22/03/2021

From 25 March, VASPs will have six months to register with KoFIU, and must start report suspicious transactions. The travel rule will apply one year later.