Crypto / Digital Assets

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    Big Picture

    New Mediums of Exchange Will Add to HK’s GDP: Report

    By Manesh Samtani | 25/03/2024

    BCG, DLA Piper, HKT Payment Limited, paywith.glass, VSFG and ZA Bank say CBDC, tokenised deposits and stablecoins will add HK$160bn to Hong Kong’s GDP by 2032.

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    Securities / Derivatives

    Japan GPIF Considers Diversifying Holdings Into Forests and Bitcoin

    By Editors | 22/03/2024

    World’s largest pension fund seeking information on investing in forests, farmland, gold, and crypto-assets; plans to resume foreign stock lending.

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    Enforcement

    London Court Convicts Chinese Woman in Bitcoin Laundering Case

    By Mark Johnston | 22/03/2024

    A London court has found a 42-year-old woman guilty of laundering bitcoin linked to an alleged $6.3bn investment fraud.

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    Crypto / Digital Assets

    US SEC Seeking Information About Ethereum Foundation – Reports

    By Editors | 22/03/2024

    The SEC has issued subpoenas to companies asking about their dealings with the foundation, purportedly in relation to the possible classification of Ethereum as a security.

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    Crypto / Digital Assets

    Hong Kong: Prototype Created to Issue Electronic Bills of Lading

    By Manesh Samtani | 21/03/2024

    The eBL prototype, developed by GSBN and Ant Group,  is being used in the HKMA’s wholesale CBDC sandbox project.

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    Crypto / Digital Assets

    OECD Assesses DeFi’s Role in ASEAN to Promote Financial Inclusion

    By Manesh Samtani | 20/03/2024

    Innovation associated with DeFi, provided in a regulated and compliant form, could offer possible financial inclusion benefits such as in MSME financing.

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    Crypto / Digital Assets

    ECB Establishes Seven New Digital Euro Rulebook Workstreams

    By Editors | 20/03/2024

    The workstreams are aimed at developing rulebook proposals covering UX standards, a certification and approval framework, risk management, and implementation specifications.

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    Crypto / Digital Assets

    Korea’s Cabinet Passes Amendment to Enhance VASP Oversight

    By Mark Johnston | 20/03/2024

    Banks that can open real-name accounts for VASPs will also have new obligations on governance, personnel and physical facilities.

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    Crypto / Digital Assets

    Grab Introduces Crypto Payments for Singapore Customers

    By Ranamita Chakraborty | 20/03/2024

    Grab’s new partnership with payments provider Triple-A allows it to offer wallet top-up option using Bitcoin, Ether, XSGD, USDC, and USDT.

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    Crypto / Digital Assets

    US SEC Secures $21m Settlement from Crypto Lender Genesis

    By Editors | 20/03/2024

    Genesis will only have to pay the civil penalty after all allowed claims in its bankruptcy are settled, including claims by Gemini Earn investors.

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