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CBDCs
PBOC to Expand CBDC Pilot to Additional Chinese Cities
By Editors | 05/04/2022
The e-CNY has been tested in ten cities. The PBOC will extend the pilot to additional cities including Hangzhou, which will host the Asian Games in September.
KYC & CDD
EU Lawmakers Vote to Adopt KYC Rules for Unhosted Crypto Wallets
By Darien Choong | 04/04/2022
The European Parliament voted to adopt requirements for crypto firms to gather and verify personally identifiable information of users of unhosted crypto wallets.
CBDCs
Visa, Western Union, GBBC Join Digital Dollar Project
By Editors | 03/04/2022
The new members were announced just weeks after President Joe Biden signed an executive order outlining a “whole-of-government approach” to evaluate digital assets including a CBDC.
Cryptocurrency
FCA Allows Crypto Firms to Continue Under Temporary Registration
By Editors | 03/04/2022
Though the deadline has passed, six cryptoasset firms with temporary registration can still continue to operate under temporary registration.
Cryptocurrency
India Passes Legislation to Implement 30pc Crypto Tax
By Editors | 01/04/2022
Traders will not be able to offset losses against profits. A 1 percent tax will also be deducted at source for trading over INR 50,000 in a year.
Emerging Prudential Risks
FSB Publishes Work Programme for 2022
By Editors | 31/03/2022
Key focus areas include work to address Covid-19 scarring effects, enhance cross-border payments, and address financial risks from climate change.
Sustainable Finance
ADGM to Launch Regulated Carbon Exchange and Clearinghouse
By Darien Choong | 31/03/2022
ADGM will launch a carbon trading exchange and clearinghouse, offering trading in tokenised carbon credits, carbon credit futures and green energy contracts.
Fraud, Scams & Cybercrime
Taiwan Central Bank Warns of Fraud Via Bitcoin ATMs
By Darien Choong | 31/03/2022
Bitcoin ATMs in Taiwan are being used to scam victims who attempt to transfer cash to specific accounts to purchase cryptoassets.
Cryptocurrency
Vietnam to Develop Legal Framework for Virtual Assets
By Editors | 31/03/2022
Vietnam’s prime minister has asked government ministries and the central bank to develop a legal and regulatory framework for virtual assets and electronic money.
PEPs & Sanctions
Japan to Tighten Russia Sanctions, G7 Rejects Ruble Option
By Manesh Samtani | 30/03/2022
Japan to impose new requirements on crypto exchanges. G7 rejects Russian demand for gas payments in rubles. US to help EU reduce dependence on Russian energy.
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