A global marketplace for trading tokenised money such as CBDCs would reduce the need for bilateral trust relationships and improve cross-border payments.
March 15, 2023The ABS Culture and Conduct Steering Group will seek to further build trust by strengthening digital banking security and highlighting banking practices that may compromise consumers.
February 14, 2023The rules will implement laws passed in Japan last year, establishing requirements for Japanese crypto firms to comply with the travel rule.
February 10, 2023With Coinbase leaving the market, Japanese VASPs using TRUST will likely have to switch to a different travel rule solution.
February 7, 2023Former PwC tax partner Peter-John Collins leaked information about confidential tax reforms being proposed at the time.
January 26, 2023Banks must perform CDD on customers transferring virtual assets. Digital ID system iAM Smart can be used for identity verification.
January 19, 2023The settlement includes a $50mn penalty and a commitment by Coinbase to invest a further $50mn in its compliance programme over the next two years.
January 5, 2023More than 80 percent of banks have already implemented a 24/7 dedicated complaint hotline for customers to report incidents or suspicions of fraud.
December 16, 2022In a PoC, GLEIF demonstrated that embedding LEIs in eSeals allowed Japanese and European entities to transact digitally with greater trust.
December 15, 2022New licensing regime for VASPs will start on 1 June 2023. New registration regime for precious metals dealers will start on 1 April 2023.
December 8, 2022