Crypto / Digital Assets

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    Crypto / Digital Assets

    HKMA Collaborating with BOT, PBOC on Payments Initiatives

    By Georgina Lee | 02/11/2023

    Hong Kong will link FPS with PromptPay and connect the city’s payment infrastructure to e-CNY, officials said a Hong Kong Fintech Week.

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    Enforcement

    Taiwan Arrests Suspects in Record Crypto Laundering Case

    By Mark Johnston | 02/11/2023

    A fake securities trading app was used to launder over USD 320 million via crypto in the largest case of its kind in Taiwan.

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    Enforcement

    China Jails 21 for Laundering USDT from Online Fraud, Gambling

    By Mark Johnston | 02/11/2023

    A group of 21 people in China laundered criminal proceeds from online fraud and gambling activities using USDT.

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    Crypto / Digital Assets

    Hong Kong Announces New Fintech Development Initiatives

    By Editors | 02/11/2023

    The initiatives include a new platform to facilitate retail fund distribution and enhancements to the regulatory framework for virtual assets.

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    Crypto / Digital Assets

    Malaysian Court Orders Crypto Firm Luno to Compensate Customer

    By Editors | 01/11/2023

    Luno said the withdrawal of funds from the customer’s account was properly authorised. The customer claimed it was not.

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    Crypto / Digital Assets

    BIS Innovation Hub Releases Update Report for Project mBridge

    By Manesh Samtani | 01/11/2023

    The update reveals a list of 25 observing members, and that the mBridge platform offers APIs based on ISO 20022 and uses LEIs for participant identification.

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    Crypto / Digital Assets

    Thailand’s Kasikorn Bank Acquires Digital Asset Exchange

    By Editors | 01/11/2023

    Kasikornbank has also established a digital asset custodian, a digital asset fund management company, and a blockchain infrastructure development company.

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    ESG / Sustainability

    BOK, KRX to Test CBDC Use in Carbon Emissions Trading

    By Editors | 01/11/2023

    More specific details on the experiment will be announced at the end of November. The experiment is scheduled to be conducted in Q3 and Q4 next year.

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    AML / KYC

    FATF Issues Report on Crowdfunding for Terrorism Financing

    By Editors | 01/11/2023

    The report describes how terrorist groups exploit crowdfunding platforms and provides risk indicators and recommendations to help combat this activity.

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    Crypto / Digital Assets

    Malaysia’s Fusang Exchange Issues First Institutional Tokenised Sukuk

    By Editors | 01/11/2023

    The digital sukuk is os structured as a depositary receipt, backed by a sukuk issued by the International Islamic Liquidity Management Corp.

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