Digital Assets

Stablecoins

BOK Governor Expresses No Objection to Stablecoin Issuance

By Thisanka Siripala | 23/06/2025

Lee Chang-yong says a won stablecoin is “necessary”, but continues to warn that it could end up increasing demand for USD-based stablecoins.

DeFi & Web3

Report Urges Swift Action to Cement Hong Kong’s Status as Web3 Hub

By Manesh Samtani | 23/06/2025

New report by Web3 Harbour and PwC outlines several key enablers for Hong Kong to become a global financial centre for Web3 and digital assets.

PEPs & Sanctions

FATF Calls for Stronger Global Response to Proliferation Financing Risks

By Manesh Samtani | 22/06/2025

New FATF report calls for global action to prevent the misuse of financial channels, including crypto, to bypass UN sanctions and fund weapons programmes.

Stablecoins

Vietnam, UAE to Launch Blockchain-based Digital Finance Framework

By Nithya Subramanian | 20/06/2025

Entities from both countries have signed a wide-ranging agreement to modernise payments, settlements and data capabilities in Vietnam.

Cryptocurrency

FSC Korea to Investigate Fees Charged by Crypto Exchanges

By Editors | 20/06/2025

FSC to scrutinise cryptocurrency exchange fees, seeking to lower trading costs in line with President Lee Jae-myung’s agenda.

CBDCs

Lujiazui Forum: China Unveils Financial Opening Measures, e-CNY Push

By Manesh Samtani | 19/06/2025

Shanghai to host “international operations centre” for the digital yuan. New measures announced to boost foreign investment.

Emerging Prudential Risks

FSB Chair Klaas Knot Warns Against Complacency in Final Address

By Thisanka Siripala | 19/06/2025

Klaas Knot warned that easing banking regulations would be a “big mistake” that would increase the likelihood of financial crises.

Payments & Settlements

Shanghai, Hong Kong Agree 38-Point Action Plan to Deepen Ties

By Editors | 19/06/2025

The action plan includes specific measures such as jointly developing financial products and connecting Hong Kong’s FPS with China’s IBPS.

Custody & Infrastructure

Korea FSS Considers Inspections of Korbit Over Trading Suspension

By Thisanka Siripala | 19/06/2025

The FSS is said to be investigating the cause of a 12-hour trading and services suspension at crypto exchange Korbit.