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“# Australian government gives nod to 6 world leading crypto reforms ” The Australian government is seriously consider the rollout of central bank digital currency (CBDC) and has backed numerous forward-looking regulatory crypto-proposals as part of a new “payments and crypto reform plan.” Treasurer Josh Frydenberg says the reforms “will firmly place Australia among a…
“# Central bank tells Thai banks not to offer crypto trading ” The Bank of Thailand has stated that it does not want commercial banks to be directly involved in the trading of crypto assets. The edict came from central bank senior director Chayawadee Chai-Anant on Dec. 7 who cited risks associated with high price…
“# CIA director says agency currently has ‘a number of different projects’ focused on crypto ” Current director of the Central Intelligence Agency William Burns said his predecessor at the government agency initiated projects focused on gathering intelligence on cryptocurrency. Fielding a question on crypto at the Wall Street Journal CEO Council Summit on Monday,…
“# India to set maximum penalty for violating crypto norms at fine of $2.7 million or 1.5 years in jail ” On Tuesday, BloombergQuint (Bloomberg India) reported that the penalty for non-compliance with the Indian government’s crypto policies could range from a maximum fine of 20 crore rupees ($2.7 million USD) or 1.5 years in…
“# Alexandria Ocasio-Cortez says US lawmakers shouldn’t hold crypto to ‘remain impartial’ ” Democratic lawmaker Alexandria Ocasio-Cortez said Monday that she avoids any and all investments which could potentially represent a conflict of interest, including crypto — and believes her fellow lawmakers should do the same. She explained that as a member of the House…
“# Smart crypto policy could keep India’s tech dominance on top ” There’s no denying that the Indian government shares a contentious relationship with cryptocurrencies, as was made clear recently when the government indicated that it plans on banning all private cryptocurrencies — a list that could potentially include just about every digital asset in…
“# Russia’s largest bank struggles to register its digital asset platform ” Sber, Russia’s largest bank, is apparently struggling to obtain a regulatory approval for its digital asset issuance platform as the company continues delaying registration plans. Sber CEO Herman Gref announced Dec. 7 that the bank now expects to get its digital asset issuance…
“# Gibraltar’s government plans to bridge the gap between public and private sectors with blockchain ” The government of Gibraltar, a British territory at the southern tip of the Iberian Peninsula, has started a pilot program aimed at utilizing blockchain technology to store official credentials on its systems. In a Tuesday announcement, Her Majesty’s Government…
“# Crypto tumblers, exchanges under microscope as DOJ launches new task force ” The White House, under the Biden-Harris administration, introduced a five-pillar strategy to counter corruption as a part of the core United States national security interest. The strategy involves establishing a new task force to address potential illicit activities on crypto exchanges and…
“# Japan’s financial regulators may propose legislation in 2022 restricting stablecoin issuance ” According to The Nihon Keizai Shimbun (Nikkei), one of the world’s largest financial newspapers and the entity behind the Nikkei 225 stock index, Japan’s Financial Services Agency, or FSA, will propose legislation next year restricting stablecoin issuance to only bank and wire…