Canadian Regulator Seeks Input on Crypto-Asset Disclosure Requirements for Financial Institutions

Canada’s Office of the Superintendent of Financial Institutions (OSFI) has initiated a consultation period regarding the disclosure requirements for crypto-assets in federally regulated financial institutions. This consultation was anticipated in the 2023 federal budget and is closely linked to a similar inquiry by the Bank for International Settlements (BIS). The Canadian government aims to establish […]

US Presidential Candidate Proposes Crypto Policy Framework, Criticizes Sanctions on Crypto Mixer

Republican presidential candidate Vivek Ramaswamy has unveiled a crypto policy framework called “The Three Freedoms of Crypto.” Ramaswamy promises to focus on prosecuting bad actors rather than the code they use or the developers who write that code. He also pledges to provide regulatory clarity and exemptions from securities laws for new cryptocurrencies. Additionally, Ramaswamy […]

Cambodia’s Bakong Digital Currency Partners with Alipay for Cross-Border Transactions

The National Bank of Cambodia (NBC) has signed a memorandum of understanding (MoU) with Alipay to provide users of its digital currency, bakong, with access to the Alipay merchant network. This partnership will enable cross-border transactions using QR codes on Alipay+. The bakong service, operated by the NBC on a blockchain, allows users to have […]