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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.
Fraud, Scams & Cybercrime
DPRK Cyber Crime Group Increasingly Active in S Korea
By Editors | 18/05/2020
The primary targets of the cyberattacks are cryptocurrency traders, exchanges and others who work in the field, according to cyber security firm ESTsecurity.
Cryptocurrency
MAS Sets Out Regulatory Approach for Payment Token Derivatives
By Editors | 18/05/2020
MAS will regulate payment token derivatives offered by approved exchanges – i.e. SGX Derivatives, APEX, Ice Futures – but will not regulate such products offered by other entities.
Stablecoins
Temasek Joins Libra Association as First Asia Pacific Backer
By Editors | 17/05/2020
Temasek’s participation in the Libra Association will allow it to contribute toward a regulated global network for cost effective retail payments.
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