Israeli Banks Should Not Deny Services to Crypto Firms: Attorney General

Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel’s attorney general Avichai Mandelblit. Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel’s attorney general Avichai Mandelblit. Instead of halting financial services for all crypto firms, banks should closely examine each case for indicators of money […]

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Bank of Korea Seeks to Deploy Blockchain in Bond Market: Report

The Bank of Korea has started a project on building a blockchain-based bond system to enable distribution of bond records. Global central banks are increasingly looking at blockchain technology as a tool to make interbanking processes more efficient and transparent. Following the World Bank’s exemplary experience of blockchain bond transactions, South Korea’s central bank is […]

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Russian Central Bank Links Crypto Transactions With Money Laundering

Russia is updating its manual for detecting money laundering risks, simplifying it while adding a broad categorization of cryptocurrency exchange transactions as high risk. The Central Bank of Russia (CBR) published a new set of rules for suspicious transactions, Russian finance publication RBC reported on Feb. 17. The update broadly categorizes any cryptocurrency-linked transaction as […]

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Legal Framework for Tokenization Submitted to Russia’s Crypto Bill

The Central Bank of Russia is moving forward with a proposal to integrate appropriate tokenization regulations in Russia’s troubled digital financial assets bill project. A successful tokenization trial could lead to big changes in Russia’s proposed cryptocurrency legislation. The Central Bank of Russia (CBR) announced on Feb. 17 the completion of a blockchain tokenization pilot […]

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Not All Central Banks Have an Interest in CBDCs

While banks in emerging markets are moving more rapidly toward issuing CBDCs, other countries appear to be taking a more cautious stance. The recent survey results published by the Bank of International Settlements produced bullish and bearish sentiments with regard to Central Bank Digital Currency adoption. While banks in Emerging Market Economies (EME) are moving […]

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Cryptocurrency News From Japan: Feb. 9 – Feb. 15 in Review

Japanese exchange Bitpoint released data on its massive 2019 deficit, the country’s FSA pointed out tightening regulations, and more in news from Japan this past week. This past week in Japan, native exchange Bitpoint released data showing a massive deficit from 2019, Japan’s Financial Services Agency mentioned upcoming tightened regulations, Japanese and European central banks […]

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