Australia’s Reserve Bank has released a White Paper on its upcoming central bank digital currency. The pilot version of the CBDC is expected to be completed by mid-2023.
Australia’s Reserve Bank has released a White Paper on its upcoming central bank digital currency. The pilot version of the CBDC is expected to be completed by mid-2023.
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Mar. 24, 2023

Federal Reserve Says Custodia’s Crypto-Focused Business Model Is ‘Inconsistent’ With Approval
The Federal Reserve Board argued that Custodia Bank’s proposed business model was “inconsistent” with approval in an order explaining its denial of the Wyoming-based crypto bank’s application for membership. Custodia’s membership application, as...
Policy
Mar. 24, 2023

Former SEC Branch Chief Explains Why U.S. Has Jurisdiction in Do Kwon Case
U.S. law enforcement has jurisdiction over Singapore-based Terraform Labs and its founder Do Kwon because they knowingly marketed their LUNA and terraUSD (UST) coins to U.S. investors, said Lisa Braganca , a former enforcement branch chief at th...
Policy
Mar. 24, 2023

U.S. Accounting Board Seeks Crypto Standards Requiring Firms to Report Price Shifts
U.S. accounting standards may be overhauled to specifically factor in crypto accounting, establishing a fair-value approach that would demand certain digital assets be measured at what they would go for in the markets, according to a change prop...
Policy
Mar. 24, 2023

Do Kwon Charged, Due in Montenegro Court for Extradition Hearing: AFP
Terraform Labs founder Do Kwon has been charged with forgery in Montenegro and is due in court later Friday for extradition proceedings, according to a report by AFP . The South Korean national has been on the run following the collapse of stab...
Policy
Mar. 24, 2023

El Salvador President Nayib Bukele to Introduce Bill Eliminating Taxes on Technology Innovations
Nayib Bukele on Thursday night said he will be proposing a bill to El Salvador's congress eliminating all taxes on both software and hardware technology innovations. Next week, I’ll be sending a bill to congress to eliminate all taxes (income, ...
Policy
Mar. 24, 2023

UAE Unveils CBDC Strategy, First Phase to Be Completed by Mid-2024
The United Arab Emirates expects to complete the first phase of its central bank digital currency strategy around mid-2024, its central bank announced on Thursday. This includes proof-of-concept work for a wholesale and retail CBDC. The Centra...