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Tokenisation
SGX Completes Asia’s First Digital Syndicated Public Corporate Bond
By Editors | 01/09/2020
SGX’s vision is to fully digitalise the end-to-end corporate bond issuance and asset servicing process, according to senior managing director Lee Beng Hong.
Fraud, Scams & Cybercrime
US DOJ Files Civil Forfeiture Complaint to Recover Stolen Crypto
By Manesh Samtani | 31/08/2020
The two crypto exchange hacks detailed in the complaint are linked to the same group of Chinese actors who laundered over $250mn in stolen cryptocurrency for North Korea in 2018.
CBDCs
BOK Seeks Consulting Partnership to Advance CBDC Work
By Editors | 31/08/2020
BOK is looking to partner with a local company to establish the system architecture for a CBDC to initiate a pilot test by end-2021.
CBDCs
Digital Yuan Testing Limited to Small Transactions Only, PBOC Clarifies
By Sanday Chongo Kabange | 25/08/2020
China is currently testing its sovereign digital currency with four state-run commercial banks in Shenzhen, Suzhou, Xiongan and Chengdu.
Cryptocurrency
SFC Grants In-principle Approval to Virtual Asset Trading Platform
By Editors | 23/08/2020
Once conditions for final approval are satisfied, OSL will be able allowed to operate a brokerage and automated trading service for digital assets.
CBDCs
Federal Reserve, MIT to Develop, Test ‘Hypothetical’ Digital Dollar
By Sanday Chongo Kabange | 16/08/2020
Fed governor Lael Brainard said lessons from the collaboration will be published, and any codebase developed will be offered as open-source software.
CBDCs
UPDATED – China to Include Beijing, Hong Kong in Digital Yuan Pilot
By Sanday Chongo Kabange | 16/08/2020
The move to expand the digital yuan pilot to major cities including Shanghai, Beijing, Guangzhou and Hong Kong brings coverage to a potential user base of around 400 million.
Tokenisation
Singapore Premiers Blockchain-based Bond Exchange, BBX
By Sanday Chongo Kabange | 13/08/2020
BondbloX Bond Exchange uses a permissioned blockchain to enable electronic trading of bonds in $1,000 denominations, with instant settlement and greater price transparency.
Structural Regulation
Singapore, Israel to Enhance Supervisory Cooperation for Dual Listings
By Editors | 12/08/2020
SGX and the Tel-Aviv Stock Exchange entered a partnership in May 2018 pledging to engage technology companies to list on both exchanges, but so far no companies are dual listed on both.
Payments & Settlements
PBOC Clearing Arm to Adopt Blockchain for Letters of Credit
By Lucy Zhang | 12/08/2020
The China National Clearing Center has signed an agreement with three major banks to use their blockchain forfaiting platform to enhance its letter of credit system.
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