Bank of Thailand restricts local banks from trading crypto
Bank of Thailand stated on Tuesday that it does not want commercial banks to trade digital assets directly, citing the risks of extreme price volatility. Thai lenders have begun investing in local digital asset exchanges, according to senior director Chayawadee Chai-Anant of the Bank of Thailand (BOT). Siam Commercial Bank Pcl (SCB) announced a $537 […]
China’s central bank hints at monitoring metaverse and NFTs
The People’s Bank of China is after the metaverse and NFTs and wants to follow them using anti-money laundering technologies. According to a recent statement by a People’s Bank of China (PBoC) officer, China’s crypto crackdown is now extending to the metaverse and nonfungible tokens (NFT). Gou Wenjun, director of the PBoC‘s Anti-Money Laundering (AML) […]
Frameworks for digital assets receive approval from the European Council
The framework for regulating cryptocurrencies and other digital assets in the European Union is one step closer to becoming official, as the proposals receive approval from the European Council. The European Council, which sets the political agenda for the EU, stated its opinion on the Markets in Crypto Assets (MiCA) framework and the Digital Operational […]