Bank of Jamaica (BOJ) announced that it has successfully completed the Central Bank Digital Currency (CBDC) pilot. In March 2021, BOJ announced that it was testing a prototype central bank digital currency with vendor eCurrency Mint Inc. in BOJ’s Fintech Regulatory Sandbox. This was followed in May 2021 by the commencement of an 8-month long pilot which ends today, 31 December 2021. The scope of the CBDC pilot was limited to wallet […]
Estonia has moved to calm investor fears about tougher rules on cryptocurrency, a sector which has been a target of regulatory scrutiny for the Baltic nation since at least 2019. According to Bloomberg, the country is considering new rules that would enforce due diligence, audits and higher levels of capital for crypto firms ahead of a review of its money laundering policies this quarter. From the level of capital perspective, the new bill […]