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Cryptocurrency
Hong Kong: GDF Warns Against Restricting Retail Investment in Crypto
By Manesh Samtani | 16/02/2021
The November FSTB proposal to only allow VASPs to offer services to professional investors could prompt retail investors to move to unlicensed platforms, GDF says.
CBDCs
Japan Finance Minister to Take CBDC Debate to G7 Meeting
By Sanday Chongo Kabange | 11/02/2021
Taro Aso said at a press conference that he thinks it’s important to “thrash out” policy measures regarding digital currency issued by central banks.
CBDCs
BOK Calls for Review of Legal Framework to Enable CBDC Issuance
By Sanday Chongo Kabange | 10/02/2021
In a new research paper, the BOK discusses key issues relevant to the issuance of a CBDC, including its design elements and legal and policy implications.
Cryptocurrency
SEC Thailand Orders Crypto Exchange to Suspend Client Onboarding
By Ranamita Chakraborty | 08/02/2021
Bitkub needs to address five major issues before it can resume onboarding new clients, after high volume trading disrupted its systems in January.
Tokenisation
SBI, Sumitomo Mitsui to Launch Digital Stock Exchange in Osaka
By Ranamita Chakraborty | 04/02/2021
The Osaka Digital Exchange, expected to launch in 2022, will provide an alternative to the TSE and strengthen Osaka’s proposition as a financial hub.
Payments & Settlements
SWIFT Forms Majority-owned Joint Venture with PBOC
By Editors | 04/02/2021
The venture will be able to obtain necessary licences for network management activities, for compliance with local regulations.
Custody & Infrastructure
Thailand to Introduce Rules for Digital Asset Wallet Providers
By Editors | 02/02/2021
The SEC is concerned that digital asset wallets and custodian services could be used for drug offences and money laundering.
Cryptocurrency
India Set to Introduce Bill Banning Private Cryptocurrencies
By Editors | 01/02/2021
The proposed bill will also provide for the creation of a framework for an official digital currency that will be issued by the RBI.
Cryptocurrency
Ripple Files Response to US SEC Defending XRP as Virtual Currency
By Editors | 31/01/2021
The response notes that the DOJ, FinCEN and regulators in the UK, Singapore and Japan have all concluded that XRP is a virtual currency not subject to securities regulation.
CBDCs
More Central Banks Advancing CBDC Work: BIS Report
By Manesh Samtani | 29/01/2021
CBDCs need to be linked to a digital identity in order to be useful in achieving financial inclusion, said BIS general manager Agustín Carstens.
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