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Latest from Camomile Shumba
UK Lawmakers Urge Lower Digital Pound Holding Limits
They also want the government to tweak plans to make sure the CBDC’s design won’t preclude the possibility of paying interest on the digital pound.
UK Won’t Excuse Ignorance in the Hunt for Unpaid Crypto Taxes, Experts Say
The government could use a number of different ways to track down crypto tax evaders, CoinDesk was told.
Central Banks Aren't Sufficiently Ready for CBDC Risks: BIS Report
The introduction of national digital currencies could have "major implications" for the business model of central banks and the risks they face, a Bank for International Settlements group said.
UK to Hit Crypto Users With Penalties for Unpaid Taxes
The Treasury encouraged users to voluntarily disclose unpaid income or capital gains tax from crypto, NFT and utility token holdings.
Central Bank Project Shows CBDC Payments Can Be Private
The BIS project is a first step in exploring privacy, security and scalability for central bank digital currency design, a report on the initiative said.
Hong Kong Chief Says Regulators May Get Powers to Crack Down on Unlicensed Crypto Exchanges: Report
The Securities and Futures Commission said it does not have the power to close unlicensed crypto exchanges.
Central Banks Have No Interest in Personal Data, BIS Official Says While Promoting CBDCs
The Bank for International Settlements has been calling on countries to prepare for CBDCs as governments face backlash over privacy concerns.
UK Regulator Welcomes Fund Tokenization Plan Proposed by Industry Leaders
The Financial Conduct Authority (FCA) is currently exploring whether it could determine money laundering registration applications more quickly for firms already authorized, the report said.
CBDCs Like a Digital Dollar Face Doubts Without Privacy Protections, Key Organization Finds
A Bank for International Settlements, or BIS, study found that privacy increases participants' willingness to use a CBDC by up to 60% when purchasing privacy-sensitive products.
Global Standards Setter for Securities Regulation Publishes Crypto Markets Policy Recommendations
IOSCO denied crypto industry requests for a bespoke regime for stablecoins while requiring closer cooperation between regulators in promotional material.
