ADVERTISEMENT
Payments & Settlements
MAS, Temasek, JPM Complete Final Phase of Project Ubin
By Editors | 13/07/2020
The prototype that was built can integrate with other blockchain-based platforms and be used for cheaper, faster and safer cross-border payments and to settle foreign exchange transactions.
Custody & Infrastructure
China Allows Foreign Bank Branches to Enter Fund Custody Business
By Editors | 12/07/2020
Applicant banks must be of “high quality”, specifically in relation to risk management, international reputation, operating performance, profitability and market share.
CBDCs
PBOC Partners with Didi Chuxing to Test Digital Currency
By Editors | 10/07/2020
The PBOC has established a partnership with ride-hailing firm Didi Chuxing to test its digital currency in payments.
Anti-Money Laundering
Revised FATF Standards ‘Clearly Apply’ to Stablecoins
By Editors | 09/07/2020
Stablecoins are better placed than many virtual assets to achieve mass-adoption, which makes them vulnerable to AML/CTF risk, the FATF says.
Anti-Money Laundering
FATF Highlights Progress to Adopt AML Standards for Virtual Assets
By Manesh Samtani | 08/07/2020
35 of 54 reporting jurisdictions have implemented the FATF Standards on virtual assets and VASPs, and progress has been made to develop technology for travel rule implementation.
Anti-Money Laundering
FATF Progresses Key Initiatives at June 2020 Plenary
By Editors | 30/06/2020
The Plenary discussed progress on virtual assets, stablecoins, illegal wildlife trade, and work on an enhanced framework for mutual evaluations and follow-up.
Anti-Money Laundering
NZ Police Seize $90m Allegedly Laundered with Bitcoin
By Editors | 25/06/2020
The seized bank funds, said to be connected to suspected Russian money launderer Alexander Vinnik, represent the largest ever asset restraint in New Zealand police history.
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.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.