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Fintech / Regtech
MAS to Study Use Cases of Asset Tokenisation, DeFi Protocols
By Editors | 31/05/2022
The first pilot, led by DBS, JP Morgan and Marketnode, will explore potential DeFi applications in wholesale funding markets and help inform regulatory policy.
Crypto / Digital Assets
Crypto Ads to be Screened in the Philippines from 7 July
By Editors | 29/05/2022
Firms advertising crypto services to Philippine users will have to provide proof they have registered with the SEC as companies and with BSP as remittance and transfer providers.
Crypto / Digital Assets
Thailand Formalises VAT Exemption for Crypto Transactions
By Editors | 29/05/2022
Thailand’s Cabinet approved the measure in March. The decree formalises the VAT exemption retroactively from 1 April 2022, keeping it in place until 31 December 2023.
Crypto / Digital Assets
ECB Calls for Urgent EU Approval of MiCA Regulation
By Sanday Chongo Kabange | 28/05/2022
Crypto-asset markets currently show all the signs of an emerging financial stability risk, the ECB says in a report.
Big Picture
World Bank Paper Explores Barriers to Stablecoin, CBDC Adoption
By Sanday Chongo Kabange | 28/05/2022
Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.
Crypto / Digital Assets
US Banks Lobby Against Possible Issuance of CBDC
By Editors | 26/05/2022
The American Bankers Association says a CBDC would risk moving 71% of bank deposits to the Fed and undermine the financial system.
Crypto / Digital Assets
New Zealand Probes Fake Crypto Firm Over Missing Funds
By Sanday Chongo Kabange | 26/05/2022
A company called Quwiex Limited disappeared with investor funds after saying its website was deactivated for an upgrade.
Crypto / Digital Assets
Terra Collapse Sparks Regulatory Change, Lawsuits in Korea
By Mark Johnston | 26/05/2022
The FSC says thirteen relevant bills on digital asset investor protection are currently pending at the National Assembly.
Crypto / Digital Assets
SWIFT to Develop Capabilities to Interlink CBDCs With Payment Systems
By Sanday Chongo Kabange | 25/05/2022
SWIFT will seek to interlink multiple CBDC platforms with existing payment systems, using existing bank messaging standards and authentication models.
Crypto / Digital Assets
GBBC, GDF Merge to Create 500 Member Association
By Editors | 25/05/2022
The combined influence of GBBC and GDF is expected to help facilitate global collaboration on a robust global framework for crypto assets.
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