Bank of Canada’s Official: Crypto Needs Regulation Before It Becomes ‘a Lot L...
Bank of Canada’s senior deputy governor says the central bank does not want to wait until crypto “gets a lot larger” before it brings regulatory controls in place. “This is an area that is still small, but it’s growing really rapidly,” the official said. Bank of Canada’s Official Stresses the Importance of Crypto Regulation Bank of Canada Senior Deputy Governor Carolyn Rogers talked about cryptocurrency regulation in an interview with Reuters Thursday. “This is an area that is still small, but it’s growing....
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Canada’s anti-money laundering (AML) watchdog, The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), recently announced that it had imposed a fine of $126 million on crypto trading platform Cryptomus for failure to report illicit transactions. FINTRAC Slaps $126 Million Fine On Crypto Exchange Cryptomus According to an official announcement on October 22, Canada’s […]
Just five days following circulating reports that Thailand allegedly changed its mind on bitcoin, we're learning that their view on bitcoin may just have been misinterpreted. It started when Thailand's largest bitcoin exchange, Bitcoin Co. Ltd., sent a letter to the Bank of Thailand for clarity on regulation. The response indicated that the bitcoin exchange's operation did not fall under the regulation of the Ministry of Finance. As such, the exchange opened their doors to trading. But an official at the central bank has come forth and denied the exchange's claims, noting that it has....
The Moroccan central bank is presently working on a cryptocurrency regulation framework bill and according to the bank’s governor, Abdellatif Jouahri, this is set to be introduced soon. The regulatory framework being worked on will result in Morocco’s money laundering and anti-terrorism financing regulations being upgraded.
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A Moroccan central bank committee is working to put in place an appropriate regulatory framework for cryptocurrencies, Bank Al-Maghrib (BAM) governor Abdellatif Jouahri has reportedly said. The governor also....
In a revelation on Wednesday, the Bank of Canada – Canada’s central bank – said that it is developing a digital currency called CAD-Coin, in collaboration with Canadian banks and New York-based blockchain startup R3. In a private presentation during the payments industry conference Payments Panorama in Calgary, the Bank of Canada revealed it is developing a digital equivalent of the Canadian dollar called CAD-Coin. Five of the biggest Canadian banks – Bank of Montreal, Canadian Imperial Bank of Commerce (CIBC), RBC, Toronto-Dominion Bank and Scotiabank are revealed to be participants, by....
A director at the International Monetary Fund (IMF) says that crypto regulation is “certainly high on the agenda” for India. “We are trying to come up with global standards for #crypto asset regulations. I think that’s important for India to also adopt,” said the IMF official. IMF on Crypto Regulation in India Tobias Adrian, Financial Counselor and Director of the International Monetary Fund (IMF)’s Monetary and Capital Markets Department, discussed India’s crypto regulation in an interview with PTI Tuesday at the annual spring meeting of....