consultation
Switzerland Begins Consultation Before Finalizing its Proposed Blockchain Law Amendments
Switzerland announced it has initiated a consultation process ahead of its plans to effect amendments in its extant laws to accommodate blockchain technology
Bank of Russia Reveals the Possibility of Developing a CBDC in Public Consultation Report
In the recently published public consultation on the digital rubble, the Bank of Russia acknowledged it is considering the potentials of issuing a CBDC.
IOSCO to Consult on Crypto Regulation
The International Organization of Securities Commissions (IOSCO) plans to launch a consultation for its crypto asset regulation report in Q2 2023. The final recommendations are expected to be published by the end of 2023, with separate workflows dedicated to crypto assets and decentralized finance.
EBA Opens Consultation on Liquidity Stress Test Guidelines for Crypto Assets
The EBA is requesting input on draft guidelines for liquidity stress tests for crypto assets, aiming to improve market resilience and comply with data protection regulations until February 8, 2024.
Canadians Consulted on Digital Currency
The Bank of Canada has opened a public consultation until June 19 to gauge what features Canadians would like to see included in a digital Canadian dollar. The bank clarified it was not beginning work on a CBDC or replacing cash but was looking to explore the concept.
European Central Bank is Consulting the Public on CBDC
The European Central Bank has launched a public consultation to seek public opinion on its proposed digital Euro or central bank digital currency (CBDC).
Five Russian Banks Ready to Lead Russia's CBDC Pilot Test
Five Russian Banks will participate in the pilot test for the Bank of Russia’s proposed Digital Rubble following the release of its public consultation report.
MAS Proposes New Regulations to Tighten Crypto Business Activities
The Monetary Authority of Singapore (MAS) has published a consultation paper proposing a new set of regulations that may stiffen the emergence and activities of crypto industries in the country. Despite the proactive strides of the MAS towards the development of the country’s central bank digital currency (CBDC), the apex bank is set to reinforce its regulations on digital currencies.
The Federal Council of Switzerland Opts For Better and Fair Blockchain Regulations
The Federal Council of Switzerland has opted for better and fair regulations for blockchain and distributed ledger technology (DLT) in the country, which is believed will minimize risk, increase legal certainty and abort blockages, which will prevent the possible applications of blockchain/distributed ledger technology.
Coinbase CEO Advises New Crypto Investors to Carefully Evaluate Market Risk and Crypto Volatility
As Bitcoin breaks $21,000, it may be easy for new investors to want to join the crypto bandwagon before evaluating risks associated with this asset class.
United Africa Blockchain Association Cries Foul of FNB’s Crypto Termination
The United Africa Blockchain Association (UABA) has lamented the decision by First National Bank (FNB) to terminate its banking services to crypto exchanges, as well as intermediaries trading in cryptocurrencies.
Ukraine's Draft Bill on Digital Currencies Undergoes First Parliamentary Hearing
Ukraine's proposed draft bill for regulating digital assets in the country has passed its first parliamentary hearing.
Japan May Take Several Years To Issue a CBDC says Former BoJ Executive
Hiromi Yamaoka, a former executive of the Bank of Japan believes the central bank will need several more years before it can issue its proposed CBDC.
South Korea’s CBDC Pilot to Enter into Distribution Phase Next Year
South Korea’s central bank is looking to start the testing of the distribution of its central bank digital currency (CBDC) next year.
Australian Securities Exchange Postpones Migration to Blockchain Settlement System Due to Coronavirus Concerns
The Australian Securities Exchange has further postponed the replacement of its current CHESS system with a new blockchain-based settlement system due to coronavirus concerns.