Cryptocurrencies pose no threat to financial stability, says ECB
The ECB is also currently not in favor of issuing a central bank digital currency, but is open to exploration due to the evolving digital economy.
Crypto exchanges bracing for draconian global anti-money laundering rules: Reports
FATF is on the verge of adopting rules that would require crypto exchanges to share customer information to each other when transferring funds.
News: India’s top IT lobby group wants crypto in central bank’s fintech sandbox
Nasscom said that the other regulators in the developed world such as the United Kingdom permits cryptocurrencies into the sandbox, pointing out that letting them in would allow them to learn about the potential risks.
Facebook Coin to likely bypass Indian regulatory ban on cryptocurrencies: Reports
Will Facebook’s planned digital token, to be reportedly tested in India, violate the Indian central bank’s ban on the use of banking channels for crypto transactions? The Answer is: No.
News: R3 completes a new 6-week blockchain in trade finance trial with over 50 banks in 27 countries
Blockchain is seen helping revive the popularity or at least stem the decline of Letter of Credits as a financing instrument in global trade.
News: Chinese social media giant WeChat to block users trading cryptos from May end
China’s WeChat will delete any accounts used to trade cryptocurrency trading from May 31st.
News: Malaysian bourse developing blockchain POC for stock market lending and borrowing
In other blockchain initiatives, Malaysia is also planning to create a 800-acre tourist city that will have its own native token currency.
Q&A: Paul Li, General Counsel of HK-based OAX Foundation, on regulations and crypto exchanges
Li tells Blockchain Asset Review how decentralisation of custody could be a potential answer to stave off cyber thefts at crypto exchanges
Filipino crypto valley issues a new securities token exchange license
CEZA, or Cagayan Freeport, issues the second STO exchange license to Asia Digital Exchange (ADAX)
Canadian and Singaporean central banks conduct cross-border payment experiment with sovereign digital currencies
The teams from the two central banks used a novel technique named Hashed Time-Locked Contracts (HTLC) to allow for payments without the need for a trusted third party.