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Libra is analogous to a currency-board regime. And yet, Libra’s proponents have so far overlooked the problems of monetary management that a currency board raises.
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Singapore introduced new payments legislation that offers global cryptocurrency firms a chance to expand their operations in the country by applying for operating licenses for the first time.
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The Israel Securities Authority intends to draft a regulation for DLT-based digital asset exchange platforms. It is now calling on the private sector to pitch the regulator with proof-of-concept DLT trading systems.
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Singapore’s Payment Services Act 2019 brings digital payment token services – effectively covering all crypto businesses and exchanges based in Singapore – under current AML/CFT rules.
Kiffmeister’s Fintech Daily Digest 01/28/2020
