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Cybersecurity
Thai SEC Calls on Crypto Businesses to Improve Cybersecurity
By Editors | 09/02/2022
The SEC reminds crypto businesses to bolsters their cybersecurity systems, safeguard customer assets, and comply with IT audit and penetration testing requirements.
Stablecoins
Mitsui to Launch Japan’s First Gold-Pegged Cryptocurrency
By Mark Johnston | 08/02/2022
ZipangCoin will be made available to retail investors this month through Digital Asset Markets Inc, which is partly owned by Mitsui & Co.
CBDCs
China Showcases CBDC at Beijing Winter Olympics
By Sanday Chongo Kabange | 08/02/2022
Observers say China’s “zero Covid policy” has limited its ability to showcase the e-CNY to a wider population.
DeFi & Web3
UK Issues Tax Guidance for DeFi Lending & Staking
By Editors | 07/02/2022
CryptoUK says the approach would create an “unnecessary burden” for crypto investors and create tax compliance confusion.
CBDCs
Myanmar Military Government Seeks to Launch Digital Currency
By Editors | 07/02/2022
Myanmar’s military regime is reportedly considering issuing a digital currency as a joint venture with local companies.
Stablecoins
Facebook Sells Stablecoin IP and Tech Assets to Silvergate
By Sanday Chongo Kabange | 07/02/2022
The sale was announced after it became clear from dialogue with federal regulators that “the project could not move ahead”.
Structural Regulation
BOT Sets Out Plans for ‘New Financial Landscape’
By Mark Johnston | 07/02/2022
The BOT will introduce virtual bank licences, relax fintech investment limits for banks, promote open data, and establish TCFD aligned disclosure standards.
Cryptocurrency
Crypto Prepares for a Regulated Future
By David Liu | 07/02/2022
As crypto goes mainstream, regulatory compliance will require robust and financial institution-grade AML and KYC processes, says David Liu.
Cryptocurrency
IMF Urges El Salvador to Remove Bitcoin’s Legal Tender Status
By Editors | 03/02/2022
The IMF said the adoption of a cryptocurrency as legal tender entails “large risks” relating to financial stability, financial integrity, and consumer protection.
CBDCs
India to Introduce Digital Rupee in Coming Fiscal Year
By Manesh Samtani | 03/02/2022
Finance minister Nirmala Sitharaman said the RBI will introduce a CBDC in the coming fiscal year and crypto profits will be taxed at 30 percent.
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