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FameEX Morning Crypto News Recap | March 31, 2023

2023-03-31 12:32:20

Governor of Bank of Japan Expresses Confidence in CBDC Coexisting with Various Payment Methods
Bank of Japan Governor Haruhiko Kuroda is optimistic about Central Bank Digital Currencies (CBDCs) coexisting with other payment methods in Japan's financial ecosystem. Kuroda believes that CBDCs can enhance user convenience, promote financial inclusivity, and improve cross-border payments while maintaining harmony with existing payment instruments.

Hong Kong Seeks Guidance from Japan Amid Overwhelming Web3 Influx
Hong Kong seeks insights from Japan to develop a crypto-friendly regulatory framework in response to the surge in Web3 investment enthusiasm. By learning from Japan's experience and collaborating with industry stakeholders, Hong Kong aims to establish itself as a leading global center for cryptocurrency and digital asset innovation while ensuring market stability and consumer protection.

Nasdaq Set to Introduce Digital Asset Custody Solution by Second Quarter of 2023
Nasdaq aims to launch its digital asset custody service by Q2 2023, according to Ira Auerbach, the exchange's digital asset head. Auerbach, who joined Nasdaq in September, revealed that the company is currently working to obtain necessary licenses from state and federal regulators, including an application with the New York Department of Financial Services (NYDFS) for a limited-purpose trust company charter. The NYDFS is a strict regulator and issuer of the BitLicense.

UK Government Unveils Stringent Crypto Regulations in Comprehensive Economic Crime Strategy
The UK government has revealed plans to rigorously regulate cryptocurrencies as part of a broader 2023-2026 economic crime strategy. In a joint policy paper by the Treasury and Home Office, authorities aim to combat illicit use of digital assets and enhance law enforcement's capacity to seize and store crypto assets involved in legal proceedings. The plan involves consolidating the knowledge and expertise of various agencies to improve their abilities to tackle economic crime.

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