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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.
CBDCs
China: Two More State-Banks Join Digital Yuan Testing
By Editors | 02/09/2020
Postal Savings Bank of China and China Citic Bank will join four other state banks in conducting initial tests and creating services for the digital currency.
Cryptocurrency
SGX to Launch Crypto Indices as Part of iEdge Index Suite
By Manesh Samtani | 01/09/2020
The first batch of new crypto indices will track Bitcoin and Ethereum, and are expected to drive exposures to digital assets in Asia.
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.
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