Beijing’s new Web3 white paper seeks to foster industry innovation
Beijing’s white paper divides Web3 into four distinct areas: the infrastructure, interactive terminal, platform tool, and application layers.
Beijing’s white paper divides Web3 into four distinct areas: the infrastructure, interactive terminal, platform tool, and application layers.
Elisabeth Wallace, director at Dubai Financial Services Authority, says there is an increase of “bad actors” taking advantage of the regulatory arbitrage in the digital currency sector.
Former Vice Minister of Science and Technology Wu Zhong-ze claimed that Nanjing's metaverse platform would contribute to standards and guidelines for the safe usage of the metaverse in China.
Norway’s central bank and the Financial Supervisory Authority of Norway are leading the drive by introducing a new testing framework to assess the cyber resilience of payment systems.
Russia's CBDC pilot program was pushed back to July following the decision of the State Duma Committee to amend the digital ruble bill, which includes giving non-residents access to foreign banks.
The incoming rules for digital asset service providers are expected to come into effect on June 1, but the Securities and Futures Commission is yet to give the nod to any exchange to cater to the retail market.
The new regulation will include digital currencies in the list of private interests that public officials in South Korea must make public in addition to cash, bonds, and stocks.
With the proposed digital currency influencer bill, firms with registration with the country's Financial Markets Authority will be allowed to engage the services of influencers for marketing.
Aiming to align with global AML standards, Japan is pushing for enhanced digital asset regulation in hopes that the move would help avoid the recurrence of large-scale collapses in the industry.
Prosecutors from the High Court in Podgorica revoked the bail conditions on the fact that it “could not establish the value of their assets just based on their statements.”
A May 22 warning from the FBI stated that U.S. citizens risk falling victim to job scams advertised for their competitive salaries and lucrative benefits.
The changes to the CBDC draft bill include debt operation, the Russian central bank’s participation, and the access of the digital ruble to foreigners.