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Structural Regulation
StanChart Permitted to Establish Digital Bank in Singapore
By Editors | 14/12/2020
StanChart was named Singapore’s first Significantly Rooted Foreign Bank in August. New privileges allow it to secure an additional full bank licence to establish a digital banking subsidiary.
Custody & Infrastructure
MAS Grants DBS In-principle Approval to Set Up Digital Exchange
By Manesh Samtani | 10/12/2020
The DBS announcement came two days after SIX and SBI Digital Asset Holdings announced plans to launch a digital asset issuance platform, exchange and CSD venue by 2022.
Tokenisation
Philippines: UnionBank, StanChart Complete Bond Tokenisation POC
By Editors | 10/12/2020
A dual tranche issuance totalling PHP 9 billion was mirrored on a bond tokenisation platform co-created by UnionBank and SC Ventures.
Custody & Infrastructure
Financial Services Driving Growth in Singapore Blockchain Use
By Editors | 09/12/2020
The Singapore Blockchain Ecosystem Report 2020 says the use of blockchain in Singapore’s financial sector is driven by industry collaboration to address common pain points.
Trading & Investment
MAS Outlines Initiatives to Expand Financial Cooperation with China
By Editors | 08/12/2020
MAS and Chinese regulators are collaborating on RMB internationalisation, exchange-traded funds, digital finance and green finance.
Custody & Infrastructure
Singapore Launches National Blockchain Innovation Programme
By Editors | 07/12/2020
The initiative is aimed at further strengthening Singapore’s blockchain ecosystem and promoting the adoption of scalable and interoperable blockchain solutions.
CBDCs
HKMA, PBOC Prepare for Cross-border Testing of Digital Yuan
By Manesh Samtani | 06/12/2020
The HKMA is also exploring options to leverage the FPS to enable instantaneous cross-border payments, according to chief executive Eddie Yue.
Stablecoins
Libra Association to Launch Scaled-down Digital Currency in January
By Editors | 03/12/2020
The launch date depends on regulatory approval from FINMA, expected as early as January. A new name has been adopted for the association and the digital currency.
CBDCs
BIS Innovation Hub Completes Wholesale CBDC Experiment
By Editors | 03/12/2020
BIS Innovation Hub, the Swiss National Bank, and SIX compared the feasibility of issuing a wholesale CBDC versus linking the existing payment system to a distributed ledger.
Tokenisation
Malaysia Completes Bond Tokenisation POC in Offshore Market
By Editors | 03/12/2020
The POC demonstrated that digital bonds could be issued and managed on a blockchain, and its attributes allow for new service expansion offerings.
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