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CBDCs
China Moves Closer to Launching Sovereign Digital Currency
By Sanday Chongo Kabange | 07/08/2020
PBOC has formed a new subsidiary to streamline efforts to launch a central bank digital currency, which is now being tested at four state-run banks.
Payments & Settlements
HKMA, BIS Innovation Lab Seek Solutions in Trade Finance
By Editors | 03/08/2020
Private firms are invited to submit innovative solutions that can help enhance trade finance mechanisms, connectivity and infrastructure.
Payments & Settlements
Italian Banks Adopt Blockchain to Reconcile Interbank Transactions
By Editors | 31/07/2020
55 banks are using a blockchain platform to share interbank transfer data and reconcile transactions, an initiative made possible by a rule change last May.
Tokenisation
Malaysia to Experiment with Tokenised Bonds in Offshore Market
By Manesh Samtani | 31/07/2020
Bursa Malaysia has partnered with Singapore fintech Hashstacs to develop a blockchain solution for the issuance, servicing, trading, clearing and settlement of bonds.
Tokenisation
Philippines Launches DLT-based Distribution of Retail Treasury Bonds
By Sanday Chongo Kabange | 29/07/2020
The launch of ‘Bonds.PH’ paves the way for the unbanked to affordably and easily invest in retail treasury bonds, said National Treasurer Rosalia V. De Leon.
Custody & Infrastructure
Malaysia SC to Engage with Digital Asset Wallet Providers
By Editors | 24/07/2020
Digital asset wallet providers are asked to contact the SC for an engagement on their business operations and to provide feedback on a regulatory framework for such providers.
CBDCs
BOT Enters Third Phase of CBDC Development
By Editors | 19/07/2020
The BOT is planning to expand CBDC use among large businesses and, in September, to transactions with the HKMA.
Custody & Infrastructure
BOK Takes Over Blockchain Authentication Tool BankSign
By Editors | 14/07/2020
BankSign was developed by Samsung SDS in collaboration with the Korea Federation of Banks to allow for easier customer authentication on different banks’ mobile apps.
Payments & Settlements
MAS, Temasek, JPM Complete Final Phase of Project Ubin
By Editors | 13/07/2020
The prototype that was built can integrate with other blockchain-based platforms and be used for cheaper, faster and safer cross-border payments and to settle foreign exchange transactions.
Custody & Infrastructure
China Allows Foreign Bank Branches to Enter Fund Custody Business
By Editors | 12/07/2020
Applicant banks must be of “high quality”, specifically in relation to risk management, international reputation, operating performance, profitability and market share.
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