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Clearing & Post-Trade
BNP, Digital Asset to Develop DLT Connectivity to ASX, HKEX
By Editors | 15/09/2020
BNP Paribas Securities Services and Digital Asset have joined forces to design real-time trade and settlement apps using DAML smart contracts.
CBDCs
China to Develop More Cities as Global Fintech Hubs
By Editors | 15/09/2020
The other cities besides Beijing that China will develop as global fintech hubs include Shanghai, Shenzhen and Hangzhou, underpinned by regulations on fintech development.
Anti-Money Laundering
FATF Details Virtual Asset Red Flags for Detecting Criminal Activity
By Editors | 15/09/2020
This report will help VASPs, FIs, DNFBPs, and other reporting entities detect and report suspicious transactions, and national authorities detect criminal activity.
Structural Regulation
Changes to Hong Kong OFC Regime Take Effect Immediately
By Editors | 13/09/2020
Private OFCs are no longer subject to investment restrictions and securities brokers are now eligible to be OFC custodians, among other changes.
Custody & Infrastructure
Thailand Starts Issuing Govt Savings Bonds on Blockchain
By Editors | 10/09/2020
The new scripless bond platform enhances investors’ buying experience, improves operational efficiency and reduces overall cost, the BOT said.
CBDCs
Mastercard Launches Virtual Testing Environment for CBDCs
By Editors | 09/09/2020
The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers.
Custody & Infrastructure
Australian Banks Expand Use of Blockchain For Bank Guarantees
By Sanday Chongo Kabange | 05/09/2020
ANZ, CBA, Westpac, IBM and Scentre Group are opening up to early adopters a blockchain platform that in trials has reduced the issuance time for bank guarantees to just one day.
Anti-Money Laundering
SWIFT Details How Cyber Criminals Encash Stolen Funds
By Editors | 03/09/2020
In a new report, SWIFT and BAE Systems reveal how cyber attackers launder money and ‘cash out’ following large-scale heists.
Fraud, Scams & Cybercrime
Seoul Police Raid Crypto Exchange Bithumb Over Fraud Allegations
By Sanday Chongo Kabange | 03/09/2020
Police reportedly raided South Korea’s largest crypto exchange and confiscated data in connection with a fraud investigation involving the pre-sale of BXA tokens to investors.
Custody & Infrastructure
CSRC Grants Citigroup Fund Custody Licence in China
By Editors | 02/09/2020
Standard Chartered is the only other foreign bank to have obtained a fund custody licence in China. Citi becomes the first US bank to do so.
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