Crypto / Digital Assets

Fintech / Regtech

MAS to Build Out CBDC Infrastructure, Technical Competencies

By Manesh Samtani | 10/11/2021

Speaking at Singapore Fintech Festival, MAS managing director Ravi Menon outlined three reasons MAS could issue to a CBDC, while also highlighting the associated risks.

Big Picture

Fed Warns of Spillover Risk from China Property Markets

By Editors | 09/11/2021

Financial stresses in China could strain global financial markets and affect the US, the Federal Reserve says in its financial stability report.

Capital / Liquidity

BCBS Offers Progress Update on Climate, Cryptoasset Work

By Editors | 09/11/2021

The BCBS will issue a consultation this month on the effective management and supervision of climate-related financial risks at internationally active banks.

Enforcement

US Treasury Announces New Ransomware-related Sanctions

By Manesh Samtani | 09/11/2021

The US Treasury Department, OFAC, State Department, DOJ, and FinCEN have taken coordinated action to counter the ransomware threat.

Crypto / Digital Assets

CBA to Become First Major Aussie Bank to Offer Crypto Trading

By Sanday Chongo Kabange | 05/11/2021

CBA will offer customers the ability to buy, sell and hold crypto assets directly through its ‘CommBank’ app, which is currently used by close to six million customers.

Crypto / Digital Assets

Hong Kong Virtual Assets Regime Under Review: SFC

By Sanday Chongo Kabange | 03/11/2021

The SFC is considering whether licensed firms should be allowed to provide crypto trading services to clients through omnibus account arrangements, and whether to allow crypto ETFs.

Fintech / Regtech

MAS Sees “A Lot of Promise” in Crypto Space: Ravi Menon

By Manesh Samtani | 03/11/2021

MAS is seeking to develop crypto technology and better understand smart contracts as it prepares for Singapore to become a “tokenised economy” by 2030.

Big Picture

FSB Reports Progress to G20 on Financial System Resilience

By Editors | 02/11/2021

The FSB emphasises a need to ensure that regulatory frameworks allow for the financial sector to harness the benefits of innovation while containing the related risks.

Crypto / Digital Assets

Tokyo Court Confirms $9bn Plan to Repay Mt Gox Creditors

By Editors | 30/10/2021

The rehabilitation plan will lead to the distribution of more than $9bn to investors who lost bitcoins when Mt Gox closed more than seven years ago.