Bank of England: Today announced the merger of the Treasury and the Central Bank's Digital Currency Task Force.

2021-4-19 16:24
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According to an announcement by Golden Ten, the Bank of England today announced that it will jointly form a working group for the Department of Finance and the Central Bank's digital currency. The government and the Bank of England are yet to decide whether or not to introduce a digital bank in the UK and will be engaging with stakeholders about the benefits, risks and potential.

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According to FinanceMagnates, the South Korean government plans to introduce more stringent regulations to track the country's illegal cryptocurrency trading due to concerns over "kimchi compliance." The Financial Services Commission (FSC) has called on financial institutions, including cryptocurrency exchanges, to step up their efforts to spot illegal transactions in cryptocurrency. Home-based financial institutions are required to report any business-related uncertainties to the Korea Financial Research Institute (KoFIU) within 3 days. The FIU will conduct joint research with the police and tax authorities. In the past, regulators such as the Bureau of Financial Assistance, the Ministry of Strategy and Finance, and the Ministry of Justice held a meeting to discuss virtual commerce on April 7 and announced that the government will focus on eliminating illegal activity in cryptocurrency. industry.
2021-4-19 16:16