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Latest from Sandali Handagama
Russia to Test Digital Ruble With Banks, Clients
The country's central bank will begin real-world tests of the digital currency with 13 banks and limited clients on Aug. 15.
UK's Central Bank Forges Ahead With Plans for a Systemic Stablecoin Regime
The U.K. recently passed the Financial Services and Markets Act 2023 into law, which gave the BoE powers to set up a systemic stablecoin regime.
Hong Kong's New Crypto License Could Cost Exchanges a Pretty Penny
The city’s new licensing regime paves the way for exchanges to operate legally and serve retail clients but tough compliance requirements could cost firms as much as $20 million, industry insiders say.
Revolut Suspends U.S. Crypto Platform Over Regulatory Uncertainty
The digital bank said U.S. customers will not be able to access crypto via its platform starting Oct. 3.
Namibia Sets the Stage for National Crypto Strategy With New Law
The Virtual Assets Act is just a “skeleton” of what a crypto regime could look like, but it sets the foundation for more laws and regulations, lawyers say.
FTX Wants Dubai Unit Removed From U.S. Bankruptcy Proceedings
Liquidating FTX Dubai under UAE law would make way for the timely distribution of any outstanding liabilities, the bankrupt estate argued in court filings.
Hong Kong Officially Opens Crypto Trading to Retail Investors, Grants First Licenses to HashKey, OSL
OSL Digital Securities said retail investors can register to trade BTC and ETH effective immediately.
Israel Consults Public on DAO Regulation, Sets Up Special Examination Team
The team will examine required corporate status, taxation and other aspects of DAOs to "create legal certainty" and reduce risks, the government has said.
U.K. Move to Digitize Trade Documents Could Rely on Blockchain, Government Says
The Electronic Trade Documents Act, set to take effect later this year, could make use of blockchain tech to improve security and reduce costs.
Wholesale CBDC Would Improve Cross-Border Payments, French Central Bank Tests Show
Banque de France said it ran multiple experiments to test central bank digital currencies for wholesale payments, issued "directly on" distributed ledger technology.
