Digital Assets

CBDCs

BOJ Seeks Simple CBDC Design That Promotes Competition

By Editors | 17/10/2021

While the BOJ still has no plan to issue CBDC, the inability to ensure interoperability with other countries could create issues for Japan.

Cryptocurrency

Sri Lanka to Develop Regulatory Framework for Cryptocurrency

By Sanday Chongo Kabange | 15/10/2021

The committee will advise Sri Lanka’s cabinet on a regulatory framework for Sri Lanka for blockchain, digital banking and crypto mining.

CBDCs

G7 Ministers Endorse Public Policy Principles for Retail CBDC

By Editors | 15/10/2021

Any CBDC must support, and ‘do no harm’ to, the ability of central banks to fulfil their mandates for monetary and financial stability.

Cryptocurrency

S. Korean Legislators Seek to Delay Cryptocurrency Taxation

By Sanday Chongo Kabange | 14/10/2021

Lawmakers are proposing to delay plans to tax cryptocurrency gains by one year to 2023, and to impose a more generous tax framework.

Cryptocurrency

China Names Crypto Mining as Prohibited Activity on ‘Negative List’

By Sanday Chongo Kabange | 14/10/2021

China’s latest ‘negative list’ removes six industries, while introducing new restrictions for the media, finance and cryptocurrency sectors.

CBDCs

G7 Ministers to Endorse Guiding Principles for CBDC – Report

By Editors | 13/10/2021

The principles call for appropriate regulation and oversight, rigorous privacy and data protection standards, and safeguards to prevent fraud and sanctions evasion.

Payments & Settlements

Sri Lanka: CBSL Collaborates with Industry on Inward Remittances

By Duruthu E Chandrasekera | 12/10/2021

The central bank is working with banks, mobile operators, and government agencies to launch a new mobile app for inward remittances.

Emerging Prudential Risks

FSB Reports Progress on NBFI Risks, Cross-border Payments

By Editors | 12/10/2021

A letter to the G20 ministers from the FSB focuses on work to develop a more resilient NBFI sector and address challenges in cross-border payments.

CBDCs

Laos Central Bank to Explore CBDC Issuance

By Sanday Chongo Kabange | 11/10/2021

To help explore the feasibility of a CBDC, the Bank of the Lao PDR has enlisted Japanese fintech Soramitsu, which also help developed Bakong in Cambodia.