Digital Assets

CBDCs

Cambodia to Launch CBDC-based Payment System

By Editors | 03/02/2020

The new payment system expected to launch in the coming months has the support of 11 banks so far, and will operate using a quasi-CBDC known as ‘Bakong’.

Trading & Investment

IOSCO Highlights Debt Market Concerns in Annual Work Programme

By Editors | 31/01/2020

The 2020 work programme provides an update on five existing priorities and an overview of planned work on a new priority – corporate debt and leveraged loans.

CBDCs

Japanese Lawmakers Working on ‘Digital Yen’ Proposal – Report

By Editors | 28/01/2020

The group of lawmakers reportedly plans to submit its proposal for a ‘digital yen’ to the government as early as next month.

Cryptocurrency

WEF Announces Global Consortium for Digital Currency Governance

By Editors | 28/01/2020

The consortium aims to address regulatory fragmentation and increase access to the financial system through innovative policy solutions for digital currencies.

CBDCs

HKMA, BOT Announce Outcomes of Joint CBDC Research

By Editors | 23/01/2020

In 3Q 2019, eight Thai banks and two Hong Kong banks (HSBC and ZA Bank) participated in a THB-HKD cross-border corridor network PoC using a CBDC.

Anti-Money Laundering

What FATF Recommendation 16 Means for the Crypto Industry

By Michael Ou | 22/01/2020

Implementing strict KYC processes to comply with the ‘travel rule’ may be costly, but it is a necessary sacrifice to build a stronger industry in the long-run, says Michael Ou at CoolBitX.

CBDCs

BIS, Six Central Banks to Jointly Explore CBDC Use Cases

By Editors | 22/01/2020

The group will assess CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and share knowledge on emerging technologies.

CBDCs

Former CFTC Chair Launches Digital Dollar Project with Accenture

By Editors | 20/01/2020

The Digital Dollar Project is a multi-stakeholder initiative to explore options for creating a US dollar CBDC, which would coexist with other Federal Reserve liabilities.

Tokenisation

Malaysia Issues New Guidelines on Digital Assets

By Editors | 16/01/2020

The guidelines require platform operators to carry out due diligence on prospective issuers of digital tokens, and issuers to satisfy governance and capital requirements.