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Singapore's MAS Orders Crypto Firms to Keep Customer Assets in a Trust by Year-End
3.7.2023
Crypto service providers in Singapore are now required to safekeep customer assets under a statutory trust before the end of the year
Ripple gets in-principle nod for digital asset services in Singapore
22.6.2023
Ripple says the "in principle" approval will help scale its "On-Demand Liquidity," the service it uses to source XRP liquidity to customers
Ripple Obtains In-Principle Approval for Major Payments Institution License in Singapore
22.6.2023
Authorities in Singapore have awarded 190 Major Payment licenses, and 11 of these have gone to Digital Payment Token companies
Hong Kong Put Pressure on Three Major Banks to Take on Crypto Exchanges as Clients: Report
15.6.2023
The Hong Kong Monetary Authority (HKMA) is putting pressure on HSBC, Standard Chartered and Bank of China to take on crypto exchanges as clients
First Digital Unveils USD Stablecoin as Hong Kong Crypto Rules Kick In
1.6.2023
The stablecoin is issued by a registered trust owned by First Digital
Hong Kong and UAE central banks collab on crypto rules, fintech development
31.5.2023
The two central banks are aiming to align their financial service sectors and said both share “many complementary strengths.”
Hong Kong Launches Digital Currency Pilot With 16 Firms Including HSBC, Bank of China, Alipay
19.5.2023
The Hong Kong Monetary Authority (HKMA) has announced the commencement of its e-HKD pilot which “will take deep dives into potential use cases in six categories.” The pilot paves the way for “the possible implementation of a retail central bank digital currency (CBDC),” the central banking...
NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test
19.5.2023
Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore late Thursday said
Ripple Starts Platform for Central Banks to Issue Their CBDCs
18.5.2023
The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority's e-HKD pilot
Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong
17.5.2023
Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications
Bermuda Premier David Burt: 'Nobody is Coming to Bermuda to Flee Regulation'
28.4.2023
Five years after the island jurisdiction passed its digital assets regulation, a steady stream of companies is coming to Bermuda to be regulated
Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms
28.4.2023
Crypto companies have complained that opening bank accounts in the jurisdiction is difficult
Russia to Work With Digital Currencies of Other Nations
23.4.2023
The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled....
Crypto Exchange Coinbase Receives License to Operate in Bermuda
20.4.2023
Coinbase (COIN) has obtained a license to offer its services in Bermuda as part of its international expansion efforts, the firm announced in a blog post on Wednesday
Hong Kong’s Banks Are Taking Lead on What e-HKD Will Look Like: Source
18.4.2023
At least one bank is leaning towards developing it on a permissioned blockchain
Report: UAE Central Bank Implements Digital Currency Strategy
29.3.2023
The central bank in the United Arab Emirates said it has started implementing its digital currency strategy with partners G42 Cloud and R3. According to the central bank, the digital currency initiative is expected to “further position and solidify the UAE as a leading global financial...
80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says
25.3.2023
Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across mainland China, Canada, European Union countries, Singapore, the U.K., and the U.S....
Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says
24.3.2023
The digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary authority emphasized. The new currency, which is still under development, is meant to be sovereign and safe, cheap and widely available, Christine Lagarde assured during...
Hong Kong Backs Web3 With $6.4M in Annual Budget
22.2.2023
The city's Financial Secretary will lead a task force dedicated to development of virtual assets
How Hong Kong Is Gearing Up to Regulate Stablecoins
21.2.2023
Requiring foreign entities who have already issued stablecoins to set up a Hong Kong entity for issuing stablecoins might throw up complications