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China to push reforms with new financial watchdog

0xMain
March 7, 2023

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China will establish a new federal financial regulatory body to replace its current banking and insurance watchdog, following plans for developing a national data bureau unveiled recently. The legislature may vote on reforms soon According to the proposal for financial regulation made to...

eNaira and the state of crypto in Nigeria amid a financial cr

Nigeria tries to enforce cashless society with CBDC eNaira amidst financial disaster

0xMain
February 24, 2023

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Nigeria, Africa’s most populous nation and largest economy, is currently facing a financial crisis that has underscored the importance of cryptocurrencies for its population of over 219 million. Despite the government’s launch of a central bank digital currency (CBDC), the eNaira, citizens have...

Aussie minister welcomes treating crypto assets as financial services

0xMain
January 23, 2023

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Australia’s Financial Services Minister Stephen Jones says it’s okay for the government to regulate certain crypto assets as financial products to protect consumers from FTX-type collapses in the future. No need for separate crypto regulation The Australian government gets set to conduct a...

UK Lord demands crypto regulation as addition to financial bill

0xMain
January 12, 2023

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After a volatile year in the crypto space, members of the House of Lords advocated for more regulation of crypto assets. The move was in response to the Financial Services and Markets Bill (FSMB), which brings some aspects of cryptocurrency under financial regulation....