The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

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    Japan Launches a Three-Step Plan for Introducing Digital Yen

    japan launches

    After the announcement of the Bank of Japan to introduce digital Yen by 2021, the statement by Kozo Yamamoto recorded that introducing digital currency in Japan is essential.
    Central Banks of all the states have been working on the pros and cons list of introducing digital currency. However, the debates during the lockdown when the private sector’s emerging alternatives such as Facebook’s Libra project and China’s digital yuan introduction.
    Last week, seven central banks including Bank of Japan, responded and issued a report regarding the key requirements for the creation of CBDC. Despite China’s efforts to be the first to introduce a digital currency, Japan has stepped forward with a three-step plan for its digital currency.
    In the first phase, it is planning to develop the test environment for CBDC system and experiment the basic functions like issuance and redemption.


    The second phase will focus on the implementation of more functions in the test environment along with some technical experiments on certain functions required for CBDC. During the third phase, it will consider piloting involving PSPs and end-users if the Bank finds it necessary.

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    Pakistan Launches Contactless Biometric Verification for Banking

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    Cambodia’s Presence on The Global Watchdog’s Hit List is a Threat to Country’s Reputation- States Deputy PM

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    BSP Seeking to Mandate e-KYC For Financial Institutions

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    US Targets More Russian Yachts Linked to Putin as Part of Extended Sanctions

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    Chinese Banks Promise To Step Up Cryptocurrency Ban

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    LifeLabs Hit By a Data Breach Affecting Personal Information of 15 Million People

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    FATF Claims Golden Visa Programs Raise Financial Crimes Activities

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    US Regulators Worried about the Rise in Synthetic Identity Fraud

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    BPI Crackdowns on Money Mules to Secure Financial Institutions

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    Amazon Sued Over Illegal Storage of Employee Biometric Data

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    Nexo to Sue Bulgarian State over Money Laundering Allegations

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    Germany to Establish New Regulatory Body to Combat Money Laundering

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    FinCEN Alerts FIs of Sanction Evasion by Russian Entities Implicated in U.S. Commercial Property Investments

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    Founders of US Crypto Firm Charged with Assisting North Korean Hacking Group in Laundering Money

    Two co-founders of the cryptocurrency firm Tornado Cash, Roman Semenov and Roman Storm, were char...

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    Scammers and Hackers Use Cloud Mining to Launder Cryptocurrencies

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    NY Lawmakers Approve Legislation Against Financial Fraud

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    Anti-Money Laundering Initiative in Ireland Extended to Bitcoin

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    HSBC Fined £64m for “Unacceptable AML Failings”

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    Hong Kong Police Seizes $65 Million From Triad Controlled Money Laundering Ring

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    Swiss FinTech Firm LeonTeq ‘Strongly Refutes’ Allegations of Suspicious Transactions

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