The report identifies 19 building blocks where further joint public and private sector work could enhance cross-border payments.
July 14, 2020Stablecoins are better placed than many virtual assets to achieve mass-adoption, which makes them vulnerable to AML/CTF risk, the FATF says.
July 9, 202035 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.
July 8, 2020The Plenary discussed progress on virtual assets, stablecoins, illegal wildlife trade, and work on an enhanced framework for mutual evaluations and follow-up.
July 1, 2020Douglas Arner explains how Bitcoin, Libra, China's digital currency project, and Covid-19 have each played a role in catalysing what will be a fundamental reorientation of monetary and payment systems.
June 19, 2020MAS 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.
May 18, 2020Temasek's participation in the Libra Association will allow it to contribute toward a regulated global network for cost effective retail payments.
May 17, 2020The consultative report proposes 10 high-level recommendations for jurisdictional authorities to advance consistent and effective regulation and supervision of global stablecoin arrangements.
April 14, 2020New technologies have the potential to facilitate fast, low cost, transparent and scalable payments, but should be accompanied by measures to address all relevant risks.
April 10, 2020Preliminary analysis concludes that the Principles for Financial Market Infrastructures could apply to the global stablecoin arrangements, among other principles and standards.
March 25, 2020