Business

African central banks discuss CBDCs for cross-border payment
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27 November, 2022

African central banks discuss CBDCs for cross-border payment

Thirteen central banks met in Kenya recently to discuss the impact of CBDCs on cross-border payments while still ensuring AML...
FTX Japan plans to resume operations by January
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26 November, 2022

FTX Japan plans to resume operations by January

FTX Japan halted withdrawals amid the collapse and bankruptcy filing of SBF’s FTX empire, with Japan’s regulator, FSA, ordering it...
Kenya to tax 4 million digital asset owners under new bill
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26 November, 2022

Kenya to tax 4 million digital asset owners under new bill

The Capital Markets (Amendment) Bill will be the first law to govern the digital asset industry and will impose taxes...
Australia’s financial watchdog sues Coinbase-backed Block Earner over unlicensed digital asset services
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26 November, 2022

Australia’s financial watchdog sues Coinbase-backed Block Earner over unlicensed digital asset services

The regulator disclosed that Block Earner, a firm backed by Coinbase and Aave, also operates an unregistered managed investment scheme...
China’s foreign exchange agency seeks tighter control over the digital asset industry
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26 November, 2022

China’s foreign exchange agency seeks tighter control over the digital asset industry

China's foreign exchange bureau says there is a need to regulate and classify the digital asset sector to improve the...
South Korea’s Financial Services Commission calls for clearer definition of digital assets and virtual assets
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26 November, 2022

South Korea’s Financial Services Commission calls for clearer definition of digital assets and virtual assets

The Financial Services Commission is hinging its argument on the grounds that digital assets is an umbrella term covering virtual...
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