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Article by Steve Kaaru

Taiwan proposes two-year jail term for non-compliant VASPs in draft bill
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15 May, 2024

Taiwan proposes two-year jail term for non-compliant VASPs in draft bill

The Ministry of Justice is behind the bill, which seeks to combat money laundering and fraud through digital assets, proposing...
Rwanda weighing pseudo-anonymous CBDC to underpin cashless economy
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14 May, 2024

Rwanda weighing pseudo-anonymous CBDC to underpin cashless economy

The National Bank of Rwanda published a paper examining the benefits, risks, and design principles of a token-based digital franc...
CBDC eliminates barriers of the siloed financial system: Swiss National Bank
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14 May, 2024

CBDC eliminates barriers of the siloed financial system: Swiss National Bank

At a recent BIS event in Basel, Chairman Thomas Jordan discussed Project Helvetia III, including its benefits and some alternative...
Microsoft invests $3.3 billion in Wisconsin AI data center
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13 May, 2024

Microsoft invests $3.3 billion in Wisconsin AI data center

Microsoft will invest $3.3 billion until 2026, in addition to building an AI Co-Innovation Lab on the campus of the...
Middle Eastern central banks eye CBDC for cross-border payments
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13 May, 2024

Middle Eastern central banks eye CBDC for cross-border payments

At a recent World Economic Forum event, central bankers from Bahrain and Saudi Arabia discussed CBDC opportunities, from cross-border payments...
CFTC proposes heightened penalties for AI misuse in financial markets
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13 May, 2024

CFTC proposes heightened penalties for AI misuse in financial markets

Commissioner Kristin Johnson also proposed the creation of a task force on AI fraud as the Commodity Futures Trading Commission...

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