Thai SEC intends to revoke operating license of Huobi crypto exchange
Huobi’s operations in Thailand have been suspended by local authorities after it allegedly failing to comply with local regulations. Go to Source Powered by WPeMatico
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Australia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments
The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led by the Bank for International Settlements, aims to establish whether they can simplify transactions and make them cheaper. Reserve Bank of Australia Teams Up With … Read more
MUFG boosts its crypto exposure following $41M Zipmex funding round
Thailand’s Bank of Ayudhya, where MUFG holds a 76.9% stake, has participated in a $41 million raise for Asia-Pacific-focused crypto trading platform Zipmex. Go to Source Powered by WPeMatico
Thai SEC proposes new rules for digital asset custodians
The Thai SEC is seeking public input for newly proposed crypto custody regulations until late September. Go to Source Powered by WPeMatico
Thailand’s central bank outlines safeguards for a future retail CBDC
The results of a new study from the Bank of Thailand point to three key considerations for making sure a retail central bank digital currency doesn’t adversely impact financial stability. Go to Source Powered by WPeMatico
Stellar blockchain remittance corridor to power Thailand-Europe payments
The new cross-border remittance corridor will be hosted on the Stellar blockchain and serve around 600 million customers Go to Source Powered by WPeMatico
Cambodia explores cross-border transactions of CBDC-like Bakong
Launched in late 2020, Cambodia’s digital money project Bakong reached 200,000 users in June, doubling from three months earlier. Go to Source Powered by WPeMatico
DeFi cannot be fully regulated, Siam Commercial Bank president says
Dr. Arak Sutivong, CEO of SCB 10X, believes DeFi requires a framework for long-term and sustainable interactions with traditional finance. Go to Source Powered by WPeMatico
DeFi industry draws in commercial banks? Siam bets with $110M fund
Thailand’s oldest bank sees blockchain and DeFi as the future of global finance and is seeking to invest in the emerging digital landscape. Go to Source Powered by WPeMatico
Payments Provider Clear Junction Stops Processing Payments for Binance
On Monday, the global payments solutions provider Clear Junction announced it ceased processing transactions for Binance. The move by Clear Junction was brought on by the Financial Conduct Authority’s (FCA) recent warning, according to a blog post written about the decision. Clear Junction Ceases Processing Payments for Binance Citing the Recent FCA Warning The Financial … Read more