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Sweden’s Central Bank to Partner with Accenture to Launch E-Krona

News Sweden’s central bank is planning plans to create a pilot platform for a digital currency known as the e-krona. While Switzerland took a negative stance towards a central bank digital currency (CBDC) earlier today, with its government claiming that it could do more harm than good, Sweden is s..

Swiss Government Quashes ‘E-Franc,’ Says Current Risks Outweigh Benefits

News The government of cryptocurrency-friendly Switzerland has shot down the idea of issuing a digital Swiss franc, for now. According to a Dec. 13 press release published on the Federal Council’s website, the Federal Council approved a report exploring the opportunities and risks of issuing a dig..

From Health Care to Mining, Central Asia Stays on the Blockchain Beat

Crypto Map Cryptocurrency and blockchain technology continues to be a global phenomenon, with adoption and utilization cases emerging in almost every corner of the globe. Digital technology has become so popular that it is now a major talking point not only in the financial sector but also in poli..

China: Former Central Bank Exec to Reportedly Head New Tech Regulation Division

News China’s securities regulator is reportedly setting up a tech division that will be headed by the former chief of the central bank’s digital currency initiative. Yao Qian, a former director of the Digital Currency Research Institute at the People’s Bank of China (PBoC), will serve as director ..

Blockchain Makes Money Laundering Risks Greater, Says Swiss Regulator

News The Swiss Financial Market Supervisory Authority (FINMA) warned the country that Switzerland is particularly prone to money laundering risks for reasons including the use of blockchain technology. In its first-ever yearly risk monitor report — published by FINMA on Dec. 10 — the regulator war..

FinCEN Director Notes Improved Oversight of Cryptocurrency Industry

News The director of the Financial Crimes Enforcement Network (FinCEN) says the cryptocurrency industry has begun to fall in line with the agency’s regulations on money transmission services. In a speech delivered at the American Bankers Association/American Bar Association Financial Crimes Enforc..

Three Men Arrested for Running Alleged $722 Million Crypto Ponzi Scheme

News United States authorities in New Jersey have announced the arrest of three men who are accused of defrauding investors of over $722 million as part of alleged crypto ponzie scheme BitClub Network, per a Dec. 10 announcement from the Department of Justice. The accusations against BitClub Netwo..

The Marshall Islands’ National Crypto Was Inspired by Work of Block.One

News It has been almost a year since the Republic of the Marshall Islands (RMI) unveiled the development of its national digital currency dubbed Sovereign (SOV). The cryptocurrency is set to tackle some issues the RMI struggles with, including high costs of remittances. A crypto legal tender could..

A Reality Check: Blockchain and DLT in International Trade

Expert Take Distributed ledger technology, colloquially termed “blockchain,” is making a bold promise to help bring the trade industry into the digital age. To help shed light on the intricate workings of the technology and the role that it is playing in the international trade industry, Trade Fin..

South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains

News The South Korean government plans to tax capital gains on cryptocurrency transactions. A Dec. 9 report from The Korea Times reveals that a revised bill to introduce the measure will be drawn up by the country’s Ministry of Economy and Finance by the first half of 2020. In parallel, the Korean..

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