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CBDCs
PBOC Outlines Progress from Digital Yuan Pilot Tests
By Sanday Chongo Kabange | 07/10/2020
Over 113,300 personal and 8,000 corporate digital wallets have been opened as part of the ongoing DC/EP tests, according to PBOC deputy governor Fan Yifei.
Tokenisation
BOT Issues $1.6bn in Government Savings Bonds on Blockchain
By Editors | 07/10/2020
Leveraging IBM blockchain technology, Bank of Thailand’s platform reduces a process that previously took 15 days to two days.
Clearing & Post-Trade
ISDA, Digital Asset Launch CDM Clearing Pilot Using DAML
By Editors | 06/10/2020
Deploying the Common Domain Model for clearing using DAML will increase standardisation and operational efficiency across the entire clearing lifecycle.
CBDCs
ECB Starts Preparing for Possible Digital Euro Issuance
By Sanday Chongo Kabange | 06/10/2020
A decision has not been made to introduce a digital euro, but the ECB will commence experimentation to ensure it is prepared if it needs to do so.
Trading & Investment
Malaysian MSMEs Cross MYR 1bn Crowdfunding Mark
By Sanday Chongo Kabange | 06/10/2020
The SC highlighted a “considerable increase” in investor participation in markets via digital investment managers, ECF and P2P platforms, digital asset exchanges and online brokers.
Custody & Infrastructure
SSE, SZSE to Pilot Blockchain in Trading, Custody Systems
By Editors | 05/10/2020
The Shanghai and Shenzhen stock exchange have separately announced plans to test newly-developed blockchain systems in equity markets.
Anti-Money Laundering
BitMEX Founders Charged for Evading AML Requirements
By Editors | 03/10/2020
Four individuals were charged for “willfully” failing to establish, implement, and maintain an adequate AML programme that included a KYC component.
Cryptocurrency
BSP Set to Issue Revised Rules on Virtual Assets
By Sanday Chongo Kabange | 30/09/2020
The revisions are aimed at addressing identified gaps and aligning the framework with FATF guidance for regulating VASPs.
DeFi & Web3
Ant Group Launches New Digital Trade, Financing Platform
By Sanday Chongo Kabange | 29/09/2020
DBS, BNP Paribas, Citibank, Deutsche Bank and StanChart have partnered with Ant Group to help optimise cross-border processes on the new blockchain powered platform.
Payments & Settlements
The New Cold War Is Financial
By Tom Keatinge | 29/09/2020
Banks and financial infrastructure are emerging as an expanding front in geopolitics, writes RUSI’s Tom Keatinge.
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