Crypto / Digital Assets

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.