Jurisdictions

The ban has so far been announced by US, UK, Japan, and Canada, while discussions within the EU are still ongoing.

The central bank will now collect feedback from the trials, seek to gain public support for the CBDC, refine its technology, and establish regulations for the digital currency.

This is the first time that a Korean virtual asset exchange and a bank have been used as channels for money laundering, an official said.

Sri Lanka’s prime minister Ranil Wickremesinghe expects to have a debt restructuring agreement with the IMF in place by late July.

Longer trading hours will help meet the rising global demand for yuan transactions, narrow the onshore-offshore spread, and help Chinese investors hedge currency risk.

Hong Kong's Financial Reporting Council already has 13 cases involving mainland audit work papers, two of which have been concluded.

The court said Credit Suisse ignored obvious red flags and did not do enough to prevent a crime syndicate from profiting from cocaine trafficking.

The relevant rules and operational and regulatory arrangements have been finalised and technical systems have been put in place.

The TSE's prime, standard and growth market indices are being calculated every 15 seconds from 27 June instead of once a day.

DAOs may disrupt whole sectors but they also confront challenges of cybersecurity, governance, and regulatory uncertainty, says a new WEF report.