Digital Assets

    CBDCs

    CBDCs Could Amount to ‘Sea Change’ for Payments: BIS

    By Manesh Samtani | 24/06/2020

    Covid-19 has highlighted unequal access to payment services for low-income and vulnerable groups. CBDCs present an opportunity to address this shortcoming.

    CBDCs

    BOT Unveils New Project to Use CBDC for B2B Payments

    By Editors | 19/06/2020

    A CBDC prototype developed by Digital Ventures will be integrated with systems at industrial conglomerate Siam Cement PCL and its suppliers.

    CBDCs

    BOK Panel to Explore Legal Issues of CBDC Issuance

    By Editors | 17/06/2020

    The BOK has formed a legal advisory group comprising internal and external experts to discuss the legal and regulatory issues surrounding a central bank digital currency.

    Cryptocurrency

    India Considers Next Steps to Regulate Cryptocurrency

    By Editors | 17/06/2020

    Market commentators believe that a recent Supreme Court decision has prompted the government to work towards a new regulatory approach, rather than an outright ban.

    Anti-Money Laundering

    Chinese Police Freeze 4,000 Bank Accounts in Crypto Probe

    By Editors | 11/06/2020

    Guangdong police have reportedly frozen about 4,000 bank accounts belonging to cryptocurrency traders in a crackdown on illicit activities.

    AI Risk & Governance

    BOK to Form Dedicated Digital Innovation Division

    By Editors | 09/06/2020

    The new division will study the use of AI and big data to deliver more sophisticated economic forecasts and statistical data, and ramp up efforts to develop CBDC capabilities.

    CBDCs

    Japan Megabanks to Collaborate on Cashless Payments

    By Editors | 04/06/2020

    The project will explore the use of electronic money and digital currency to make banks and cashless payments services interoperable, and could evolve into the introduction of the ‘digital yen’.

    Cryptocurrency

    BSP Prepares Guidelines to Regulate Virtual Asset Service Providers

    By Editors | 21/05/2020

    The BSP may require higher capital requirements for VASPs based on their scope, scale of operations and complexity of operations.

    Cybersecurity

    Financial Sector Suffers More Cyber Attacks Than Any Other Sector

    By Editors | 21/05/2020

    But, because the financial sector spends more on IT security and manages the risks better, it also suffers lower costs than other sectors.

    Tokenisation

    DTCC Explores Further Digitalisation in Public & Private Markets

    By Editors | 19/05/2020

    Project Ion seeks to further optimise the settlement process in public markets. Project Whitney explores the use of asset tokenisation and digital infrastructure to support private markets.

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