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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.
Cryptocurrency
Thailand Finalises Tax Policy for Income from Crypto Trading
By Editors | 02/02/2022
Individuals will have to include profits from cryptocurrency trading as assessable income when filing personal income tax returns.
Cryptocurrency
HKMA, SFC Allow Intermediaries to Offer Crypto Services
By Manesh Samtani | 31/01/2022
Authorised institutions and licensed corporations wishing to offer virtual asset dealing services can do so only by partnering with SFC-licensed trading platforms.
Anti-Money Laundering
Europol Outlines Different Ways Criminals Use Cryptocurrency
By Sanday Chongo Kabange | 29/01/2022
A new Europol report highlights that the illicit use of crypto includes “all types of crime that require transfers of monetary value”.
Payments & Settlements
HKMA Unveils Plans to Link eTradeConnect, CDI, mBridge
By Manesh Samtani | 28/01/2022
HKMA’s Eddie Yue said the combined power of the three infrastructures will pave the way for digitalising cross-border trade across APAC.
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