Foreign Exchange

South Korea draft crypto bill covers stablecoins, RWAs
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14 April, 2026

South Korea draft crypto bill covers stablecoins, RWAs

South Korea aims to regulate digital assets by classifying stablecoins as foreign exchange and requiring tokenized assets to be backed...
Coins.ph tightens FX spreads to 2 BPS, challenging banks with institutional-grade infrastructure
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22 December, 2025

Coins.ph tightens FX spreads to 2 BPS, challenging banks with institutional-grade infrastructure

Coins.ph challenges banks with BSP-regulated FX trading, offering institutional-grade 2bps spreads on major G10 pairs, including USD/PHP, USD/EUR, USD/JPY.
Ban on Kimchi bonds ends; Singapore’s new law kicks in
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4 July, 2025

Ban on Kimchi bonds ends; Singapore’s new law kicks in

South Korea banned the Kimchi bonds in 2011, but a dip in USD liquidity in the forex markets has forced...
South Africa: Digital assets not subject to forex controls
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30 May, 2025

South Africa: Digital assets not subject to forex controls

In a case pitting South Africa’s largest bank against the central bank, a court ruled that digital assets are not...
BIS ‘Project Rialto’ aims to make FX settlement more efficient
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10 June, 2024

BIS ‘Project Rialto’ aims to make FX settlement more efficient

The BIS has now announced Project Rialto, an FX module to streamline settlement for instant cross-border payments. It will use...
BIS concludes wholesale CBDC experiment for FX, cross-border payments
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5 October, 2023

BIS concludes wholesale CBDC experiment for FX, cross-border payments

The Bank for International Settlements has released the Project Mariana report, exploring challenges and solutions in a wholesale CBDC pilot...