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News on regulatory considerations, market adoption, technical infrastructure and use cases for tokenising traditional assets like real estate, securities, and commodities on blockchain platforms.

Cloud & Infrastructure
HKMA to Collaborate With Saudi Central Bank on Market Connectivity
By Sanday Chongo Kabange | 28/07/2023
The two central banks will also collaborate on financial infrastructure development, sustainable development and fintech.

Payments & Settlements
BIS Paper Proposes Solutions To Ease Cross-Border Payment Hurdles
By Ranamita Chakraborty | 25/07/2023
New working paper suggests setting up a global clearinghouse or digital money marketplace could boost cross-border payments.

CBDCs
Banque de France Releases New Findings from CBDC Experiments
By Editors | 25/07/2023
Banque de France has determined that wholesale CBDC would improve cross-border payments, settlement finality, and security for a “vast range of financial assets”.

Tokenisation
South Korean Banks Eye CD Tokens as Stablecoin Alternative
By Mark Johnston | 24/07/2023
CD tokens are based on the existing banking system and do not require a change in the role of central banks, unlike stablecoins.

Structural Regulation
UK Treasury Consults on Digital Securities Sandbox
By Sanday Chongo Kabange | 13/07/2023
The proposed Digital Securities Sandbox will enable firms to test issuance and trading of digital securities.

Cryptocurrency
Australia says NFTs Are Not Digital Currencies for GST Purposes
By Ranamita Chakraborty | 10/07/2023
The Australian Taxation Office clarifies that it does not consider crypto assets such as non-fungible tokens and stablecoins as digital currencies for GST purposes.

Cryptocurrency
UK Law Commission Offers Recommendations on Digital Assets
By Manesh Samtani | 28/06/2023
The Law Commission suggests the introduction of a distinct category of personal property to better recognise and protect the unique features of digital assets.

Tokenisation
MAS Sets Out Framework for Digital Asset Networks
By Karen Ng | 27/06/2023
MAS will also expand Project Guardian to test the potential of asset tokenisation across more financial asset classes.

Tokenisation
BIS Offers Blueprint for Future Monetary & Financial System
By Editors | 21/06/2023
The BIS says the future financial system will combine tokenised money and assets on a programmable platform.

Tokenisation
Japan Introduces New Tax Rules for Token Issuers
By Mark Johnston | 20/06/2023
The new tax rules exempt issuers from paying taxes on unrealised gains on tokens they issue and hold.
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