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India’s central bank is trying to expand the global narrative around cryptocurrencies beyond “financial stability and integrity to macro-financial and cross-sectoral implications and risks of crypto-assets.
Lawmakers recently called for the Bill to take effect within two months.
The global regulator for securities markets released its first set of policy recommendations for the crypto sector on Tuesday.
The leader of South Korea’s ruling People Power Party wants a new bill requiring lawmakers and high-level government officials to declare their cryptocurrency-related assets to be implemented within two months.
Should the country decide to issue a digital pound, existing data protection, security and anti-money laundering rules would need amending, said Louise Abbott, partner at U.K.-based Keystone Law.
Telecoms giants Swisscom, Deutsche Telekom and news provider Associated Press are also Chainlink node operators.
India’s government and central bank have received proposals asking to restore access of the Unified Payments Interface (UPI), a widely popular real-time payment system, to the crypto industry.
Representatives for the seven advanced economies signaled a commitment to following norms set by standard-setters FSB and IMF on crypto and central bank digital currencies.
The U.K. opened its plans for regulating the crypto sector for public comment back in February.
The Reserve Bank of Zimbabwe has said the tokens will be issued by May 8.