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CBDCs
PBOC Partners with Didi Chuxing to Test Digital Currency
By Editors | 10/07/2020
The PBOC has established a partnership with ride-hailing firm Didi Chuxing to test its digital currency in payments.
Anti-Money Laundering
Revised FATF Standards ‘Clearly Apply’ to Stablecoins
By Editors | 09/07/2020
Stablecoins are better placed than many virtual assets to achieve mass-adoption, which makes them vulnerable to AML/CTF risk, the FATF says.
Anti-Money Laundering
FATF Highlights Progress to Adopt AML Standards for Virtual Assets
By Manesh Samtani | 08/07/2020
35 of 54 reporting jurisdictions have implemented the FATF Standards on virtual assets and VASPs, and progress has been made to develop technology for travel rule implementation.
Anti-Money Laundering
FATF Progresses Key Initiatives at June 2020 Plenary
By Editors | 30/06/2020
The Plenary discussed progress on virtual assets, stablecoins, illegal wildlife trade, and work on an enhanced framework for mutual evaluations and follow-up.
Anti-Money Laundering
NZ Police Seize $90m Allegedly Laundered with Bitcoin
By Editors | 25/06/2020
The seized bank funds, said to be connected to suspected Russian money launderer Alexander Vinnik, represent the largest ever asset restraint in New Zealand police history.
CBDCs
CBDCs Could Amount to ‘Sea Change’ for Payments: BIS
By Manesh Samtani | 24/06/2020
Covid-19 has highlighted unequal access to payment services for low-income and vulnerable groups. CBDCs present an opportunity to address this shortcoming.
CBDCs
BOT Unveils New Project to Use CBDC for B2B Payments
By Editors | 19/06/2020
A CBDC prototype developed by Digital Ventures will be integrated with systems at industrial conglomerate Siam Cement PCL and its suppliers.
CBDCs
BOK Panel to Explore Legal Issues of CBDC Issuance
By Editors | 17/06/2020
The BOK has formed a legal advisory group comprising internal and external experts to discuss the legal and regulatory issues surrounding a central bank digital currency.
Cryptocurrency
India Considers Next Steps to Regulate Cryptocurrency
By Editors | 17/06/2020
Market commentators believe that a recent Supreme Court decision has prompted the government to work towards a new regulatory approach, rather than an outright ban.
Anti-Money Laundering
Chinese Police Freeze 4,000 Bank Accounts in Crypto Probe
By Editors | 11/06/2020
Guangdong police have reportedly frozen about 4,000 bank accounts belonging to cryptocurrency traders in a crackdown on illicit activities.
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