Markets & Infrastructure

CBDCs

Project mBridge Ready for Live Transactions by Early Adopters

By Manesh Samtani | 06/06/2024

Private sector firms are invited to further develop the multi-CBDC platform by proposing new solutions and use cases.

Supervision & Enforcement

US to Establish Registry of Law-Breaking Nonbank Financial Firms

By Editors | 06/06/2024

The registry will help authorities monitor and track repeat offenders in order to better hold them accountable if they break the law again.

Cryptocurrency

No Penalty for Block Earner, Australian Court Rules

By Sanday Chongo Kabange | 05/06/2024

The Federal Court said Block Earner will not have to pay a penalty as it acted “honestly” before offering its “Earner” product.

Structural Regulation

FSC Korea Proposes to Revise Rules for Treasury Shares

By Editors | 05/06/2024

The changes will prevent misuse of the treasury stock system and provide better protections for general shareholders of listed companies.

CBDCs

BIS Launches New Project to Enhance Cross-border Payments

By Manesh Samtani | 05/06/2024

The project will explore a new automatic FX settlement layer solution for cross-border payments, using wCBDC as a settlement asset.

Trading & Investment

SEBI Launches Personal Finance App to Assist Investors

By Ajoy K Das | 05/06/2024

The app empowers investors with reliable and essential insights into the securities market, a SEBI director said at the launch.

Trading & Investment

Korea: FSS Warns Against New Tax on Investment Income

By Editors | 05/06/2024

FSS governor said the financial investment income tax will disincentivise long-term investment and lead to outflows from Korea.

Cryptocurrency

ESMA Issues Conflict of Interest Rules for Crypto Firms

By Editors | 05/06/2024

ESMA says crypto firms may be “vertically integrated” but must be able to identify, prevent, manage and disclose conflicts of interest.

Payments & Settlements

India to Allow Non-residents to Open Rupee Accounts

By Ajoy K Das | 05/06/2024

Indian banks will also be able to lend to non-residents in INR, as part of measures to internationalise the domestic currency.