REGULATION
IMF Prioritizes Regulation over Ban on Crypto
The International Monetary Fund (IMF) supports regulating digital money and prioritizes differentiating between central bank digital currencies and crypto assets, such as stablecoins. The IMF's Managing Director, Kristalina Georgieva, clarified that the nuclear option to ban cryptocurrencies remains on the table, but the agency would prefer to pursue good regulations, predictability, and consumer protection.
Crypto Staking in South Korea: Balancing Innovation and Regulation
Balancing innovation and regulation in South Korea's crypto industry, with regulators concerned about staking's potential risks to consumers and market stability.
South Korea Regulator Probes Crypto Staking Services
South Korea's Financial Supervisory Service checks exchanges' crypto staking services for legality.
Indonesia's State-Backed Crypto Exchange: An Analysis
Indonesia's state-backed crypto exchange aims to promote transparency, accountability, and investor protection. It is expected to boost crypto adoption.
Indonesia to Launch State-Backed Crypto Exchange by Mid-2023
Indonesia plans to launch a state-backed crypto exchange by mid-2023 to promote a more secure and transparent market, with greater regulatory oversight and investor protection.
G20 To Establish Standards For Global Crypto Regulatory Framework
The Financial Stability Board, IMF, and BIS will propose worldwide crypto regulations.
FATF Releases Action Plan to Improve Implementation of Global Standards on Crypto
Over 200 governments agreed to tighten the "application of FATF Standards on virtual assets and virtual asset service providers".
The IMF Releases a Report on Jordan Preparations for a Central Bank
The IMF published a technical analysis on Jordan's retail central bank digital currency.
Lawyers for SBF time to discuss additional bail conditions
Sam Bankman-lawyers Fried's requested extra time to negotiate bail terms and identify a technical expert.
IMF Urges Countries to Consider Banning Cryptocurrencies
US Treasury Secretary Janet Yellen underlined the need for effective cryptocurrency regulation.