Ministry of Finance

It is reported that the Ministry of Finance of Japan is coordinating the establishment of a new Central Bank Digital Currency (CBDC) expert group, which could be established as ear

On March 16, it was reported that recently, the Russian Encryption Industry and Blockchain Association (RACIB) wrote to Anton Siluanov, Minister of Finance, requesting clarification of the department’s position and measures on encryption. It is understood that the Ministry of Finance advocates criminal penalties for citizens and entrepreneurs engaged in encrypted mining. Alexei Moiseev, Deputy Minister of Finance of the Russian Federation, previously stated that it was necessary to amend the criminal law and provide for penalties for underground mining. The Russian Encryption Association requires the Ministry of Finance to clarify regulatory measures for encryption Analysis based on this information:The Russian Encryption Industry and Blockchain Association (RACIB) recently sent a letter to Anton Siluanov, the Minister of Finance, requesting clarification about the department’s position and measures on encryption. According to reports, the Ministry of Finance is advocating for criminal penalties for citizens and entrepreneurs engaged in encrypted mining. Alexei Moiseev, Deputy Minister of Finance of the Russian Federation, even suggested…

It is reported that the Central Bank of Australia and the Ministry of Finance have held private meetings with executives from the international cryptocurrency industry to discuss the future of digital assets and regulation in the country. Tom Duff Gordon, Vice President of International Policy at Coinbase, submitted an exchange of views on the token mapping consultation document released by the Ministry of Finance last month. Token mapping is the process of identifying key activities and functions of products in an encryption ecosystem and mapping them to existing regulatory frameworks. The Australian Ministry of Finance held consultations with institutions such as Coinbase on digital assets and regulation Analysis based on this information:The Central Bank of Australia and the Ministry of Finance have reportedly held private meetings with executives from the international cryptocurrency industry to discuss the future of digital assets and regulation in the country. This move highlights the government’s willingness to work with the industry to shape a regulatory…

On March 13, US President Joe Biden said that he was pleased that the Ministry of Finance had quickly solved the problem of banks in Silicon Valley, and would continue to pursue the responsibilities of the relevant parties that caused the chaos, and planned to continue to strengthen the supervision of large banks. Biden: Relevant parties responsible for the “chaos” of banks in Silicon Valley will be investigated, and the supervision of large banks will be strengthened Analysis based on this information:US President Joe Biden recently praised the Ministry of Finance for promptly addressing the issue of banks in Silicon Valley, expressing his satisfaction and commitment to hold accountable the relevant parties that caused the turmoil. The chaos in question is likely the result of financial institutions in Silicon Valley being too big to manage on their own, leading to potential risks to the economy and taxpayers. The President’s plan to further strengthen the supervision of large banks is timely,…

It is reported that the Russian Ministry of Finance has introduced a clause in the bill regulating the exploitation of cryptocurrency, which criminalizes the re