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Cryptocurrency regulations in mainland Southeast Asia
Online Published Date : 31 March 2021 | Appeared in issue: 24.02 - 31 March 2021
The rapid global proliferation of cryptocurrencies – digital currencies using advanced cryptography (typically blockchain) to verify and secure transactions and maintain supply – has seen governments scrambling to regulate what some see..
Financial Regulation International
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Coronavirus and Egypt’s economy
Online Published Date : 31 March 2021 | Appeared in issue: 24.02 - 31 March 2021
“Those who cannot learn from history are doomed to repeat it.” George Santayana 1863–1952 In the aftermath of the Revolutions of 2011 and 2013, Egypt’s economy saw a sharp contraction, given an increasing budget deficit,..
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Central bank digital currencies and GDPR
Online Published Date : 31 March 2021 | Appeared in issue: 24.02 - 31 March 2021
Following a decade of technological innovation in payment systems, one of the latest research areas is the development of a central bank digital currency (CBDC). In contrast to traditional electronic fiat currency constituting a liability of an..
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FCA ban on crypto-derivatives
Online Published Date : 31 March 2021 | Appeared in issue: 24.02 - 31 March 2021
As of 6 January 2021, the Financial Conduct Authority (FCA) has banned crypto-derivatives, options trading and exchange-traded notes for retail investors. It justified its reasoning because of the: Inherent nature of the underlying..