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Anti-Money Laundering
Taiwan to Require Crypto Sector to Comply with AML Rules
By Sanday Chongo Kabange | 21/04/2021
Crypto exchanges and trading platforms will have to comply with AML requirements for conventional banks starting 1 July.
CBDCs
HM Treasury, BOE Form CBDC Taskforce to Explore ‘Britcoin’
By Sanday Chongo Kabange | 21/04/2021
The taskforce will coordinate work to explore a potential ‘Britcoin’, though a decision has not been made on whether a CBDC would be introduced.
Anti-Money Laundering
FSS Korea Mulls New Crypto Rules to Counter ‘Kimchi Premium’
By Sanday Chongo Kabange | 20/04/2021
The plan is a response to growing suspicions that investors are purchasing bitcoin from overseas exchanges with the intent of selling them in Korea at a premium.
Structural Regulation
Gary Gensler Sworn Into Office as New SEC Chair
By Sanday Chongo Kabange | 18/04/2021
Gary Gensler was sworn in as the new SEC chairman three days after the US Senate voted to approve his nomination.
CBDCs
Privacy Cited as Top Concern for a European CBDC
By Sanday Chongo Kabange | 15/04/2021
ECB survey respondents cited privacy as the top priority feature for a potential digital euro, followed by security and usability across the euro area.
Structural Regulation
China to Open Foreign Access to Hainan Financial Services Sector
By Sanday Chongo Kabange | 12/04/2021
Foreign FIs will be encouraged to establish joint venture banks with local firms. Foreign investors will be allowed to invest in financial products issued by Hainan FIs.
Cryptocurrency
SEC Thailand Allows Crypto Exchange Bitkub to Resume Services
By Editors | 12/04/2021
Bitkub has been allowed to resume accepting new clients. A warning was issued against Binance. Huobi was ordered to suspend services.
CBDCs
PBOC Starts Testing Digital Yuan in Hong Kong
By Sanday Chongo Kabange | 10/04/2021
Hong Kong residents participating in pilot tests can use the digital yuan for purchases in Shenzhen.
Cryptocurrency
Thailand SEC to Require Crypto Investors to Have Experience
By Sanday Chongo Kabange | 08/04/2021
Under the new regulations, cryptocurrency investors must have previous experience or training to prove their knowledge of cryptocurrency.
CBDCs
BNM to Explore Benefits of CBDC Issuance Through PoCs
By Sanday Chongo Kabange | 07/04/2021
BNM does not have any immediate plans to issue a CBDC but will actively assess the potential value proposition of digital currencies.
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