Cryptocurrency
Cryptocurrency
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Standard Chartered becomes the first foreign bank to join China's CBDC pilot testing
The bank will explore the potential of e-CNY in cross-border merchant payments, trade financing, and supply chain financing as part of the pilot
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MAS unveils stricter regulations targeting crypto speculation in Singapore
The regulations have been prepared after considering the feedback of various organisations, including digital payment token service providers
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KPMG Canada joins forces with Chainalysis to combat crypto fraud
According to Chainalysis's 2023 Crypto Crime Report, illicit crypto transaction volume reached an all-time high of $20.6 billion in 2022
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India's finance minister updates on implementation of G20's crypto regulation roadmap
The IMF, FSB, and FATF have been entrusted to provide regular updates to the G20 on the progress and implementation of the 'roadmap on Crypto Assets'
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South Korean central bank unveils plans for 2024 CBDC pilot program
The pilot is being conducted to evaluate the feasibility of a future monetary system based on wholesale CBDCs
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Belgium plans to develop a European blockchain infrastructure during its EU presidency
Italy, Croatia, Poland, Portugal, Slovenia, Luxembourg, and Romania have signed up for Belgium's plan to create a blockchain infrastructure
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CEO of crypto exchange Binance resigns amidst their settlement with US authorities
Binance has agreed to pay $4.3 billion after being accused by US authorities of violating sanctions laws and failing to maintain proper AML regulations
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Easy Crypto launches New Zealand dollar-backed stablecoin NZDD
Complementing the stablecoin, Easy Crypto is also launching a digital wallet for trading and storing digital assets, including their new stablecoin
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Gabby Dizon anticipates free-to-play games will spark a Web3 gaming surge
As per Dizon, the shift towards free-to-play games is part of a broader initiative by Web3 game developers to put gameplay ahead of tokenomics
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OSFI seeks feedback on crypto-asset public disclosure in Canada
Based on the feedback, the OSFI will publish draft guidelines by the fall of 2024
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Apple faces lawsuit over alleged anti-competitive agreements and crypto restrictions in P2P market
The lawsuit's plaintiffs include Venmo and Cash App users who have paid inflated fees due to Apple's anti-competitive trade agreements