News list for " finance ministry"
Kenya is preparing legislation to legalize cryptocurrencies, Kenya's Cabinet Minister of Finance John Mbadi said on Friday, marking a major shift in the government's stance. Cryptocurrencies are banned in Kenya, but are still widely used underground by the public to circumvent restrictions. "The emergence and development of virtual assets and virtual asset service providers has brought innovation and dynamic opportunities and challenges to the local and international financial system," Mbadi sai...
India plans to release a discussion paper outlining its policy stance on cryptocurrencies by September, according to Ajay Seth, a senior finance ministry official. Seth did not hint at a commitment to regulating cryptocurrencies through comprehensive legislation, but rather based on a consensus among stakeholders on the matter. The inter-ministerial group includes India's central bank, the Reserve Bank of India (RBI), and market regulator, the Securities and Exchange Board of India (SEBI).
According to Yonhap News Agency, Kim Byoung-hwan, who is currently South Korea's First Deputy Minister of Economy and Finance and has been nominated to chair the country's Financial Services Commission (FSC), stressed that many issues need to be addressed before virtual asset ETFs can be allowed.
South Korea's President's Office: Kim Byeong-Hwan, Vice Minister of Finance, has been appointed as the head of the new financial regulator.
