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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.
Cryptocurrency
SFC Grants In-principle Approval to Virtual Asset Trading Platform
By Editors | 23/08/2020
Once conditions for final approval are satisfied, OSL will be able allowed to operate a brokerage and automated trading service for digital assets.
CBDCs
Federal Reserve, MIT to Develop, Test ‘Hypothetical’ Digital Dollar
By Sanday Chongo Kabange | 16/08/2020
Fed governor Lael Brainard said lessons from the collaboration will be published, and any codebase developed will be offered as open-source software.
CBDCs
UPDATED – China to Include Beijing, Hong Kong in Digital Yuan Pilot
By Sanday Chongo Kabange | 16/08/2020
The move to expand the digital yuan pilot to major cities including Shanghai, Beijing, Guangzhou and Hong Kong brings coverage to a potential user base of around 400 million.
Tokenisation
Singapore Premiers Blockchain-based Bond Exchange, BBX
By Sanday Chongo Kabange | 13/08/2020
BondbloX Bond Exchange uses a permissioned blockchain to enable electronic trading of bonds in $1,000 denominations, with instant settlement and greater price transparency.
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