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Mizuho Bank to roll out J Coin digital currency
Mizuho Bank is set to roll out a proprietary digital currency, J Coin, in March, backed by 60 regional domestic banks. The virtual currency is the result of the development of... more
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China deepens cryptocurrency enforcement a year after crackdown
China is further tightening its clampdown on cryptocurrency, nearly a year after the government imposed a wide-ranging ban on local exchanges and ICO’s fundraising for digital currencies. Financial officials in an eastern... more
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Nigerian Central Bank bans Bitcoin and virtual currency
The Central Bank of Nigeria (CBN) has barred deposit taking banks and all other financial institutions from the operation of any form of virtual currency. The warning by the Apex bank was contained in a circular by the CBN Director of Financial Policy and Regulation Department, Kevin Amugo. Virtual currency (VCs) such as bitcoin, ripple, magneto, [...]
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Should Japan regulate the virtual currency PokeCoins from Pokémon Go?
The Financial Services Agency of Japan is set to decide on what will be a landmark decision on the status and securitisation of PokeCoins, the virtual currency used to breed monsters in the hit mobile game Pokémon Go. The FSA, which has not formally disclosed when it will make its ruling, is debating the PokeCoins [...]
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EBA response to Commission’s proposal on virtual currency and AML directive
In an Opinion issued yesterday, the EBA welcomed the Commission’s proposal to bring virtual currency exchange platforms and custodian wallet providers within the scope of the 4th Anti-Money Laundering Directive. The Authority also makes several recommendations aimed at supporting the consistent pan-EU implementation and supervision of the proposals that the Commission had published on 5 [...]
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