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FameEX Morning Crypto News Recap | March 31, 2023

2023-03-31 12:32:20

Bank of Japan's Governor Asserts CBDC's Potential to Harmoniously Coexist with Other Payment Forms
Haruhiko Kuroda, the Governor of the Bank of Japan, holds a positive view on the compatibility of Central Bank Digital Currencies (CBDCs) with existing payment systems in Japan's financial landscape. He contends that CBDCs have the potential to boost user experience, support financial inclusion, and streamline cross-border transactions, all while integrating seamlessly with current payment mechanisms.

Hong Kong Consults Japan in Response to Staggering Web3 Surge
In response to the growing interest in Web3 investments, Hong Kong is turning to Japan for guidance on creating a welcoming regulatory environment for cryptocurrencies. By leveraging Japan's expertise and engaging with industry players, Hong Kong aims to position itself as a top global hub for digital asset innovation, while maintaining market stability and safeguarding consumer interests.

Nasdaq Plans to Roll Out Digital Asset Custody Services by Q2 2023
Nasdaq's digital asset head, Ira Auerbach, disclosed plans to debut the company's digital asset custody service by the second quarter of 2023. Since joining Nasdaq in September, Auerbach has been working on acquiring essential licenses from both state and federal regulators. This includes submitting an application to the New York Department of Financial Services (NYDFS) for a limited-purpose trust company charter, as NYDFS is a stringent regulatory body and the BitLicense issuer.

British Government Introduces Strict Cryptocurrency Rules as Part of Extensive Economic Crime Plan

The British government has disclosed intentions to enforce strict cryptocurrency regulations within a comprehensive 2023-2026 economic crime initiative. A collaborative policy paper from the Treasury and Home Office outlines strategies to counteract illegal usage of digital assets and bolster law enforcement's ability to confiscate and retain crypto assets implicated in legal cases. This approach entails pooling the collective knowledge and skills of different agencies to strengthen their capabilities in addressing economic crime.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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