The 2022 Beijing Olympics has barely kicked off but its results have already been facing controversy. When China’s team for short track speed-skating won the gold medal, other teams and fans from all over the world, accused the judges of being biased. As the 2022 Olympics was hosted in China, many claimed the judges were […]
Swiss National Bank Trials CBDC in Transactions With Five Banks
The Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out together with the Bank for International Settlements and Switzerland’s financial services provider SIX. Swiss Central Bank Tests Integration of Wholesale CBDC Settlement With Private Banks […]
National Assembly Fails To Reach Conclusion On Letting Culturally Impactful Singers Be Exempt From Military, But There Is Hope
On November 25, 2021, according to a military reporter for Asia E, the Korean National Assembly had gathered to discuss a revision on the Military Service Act. It was discussed as to whether or not, cultural impactful and popular artists who promote national prestige, would be allowed to replace military service with volunteer work. The […]
US Launches National Cryptocurrency Enforcement Team to Prosecute ‘Criminal Misuses of Cryptocurrency’
The U.S. has launched the National Cryptocurrency Enforcement Team, an initiative of the Department of Justice (DOJ), to tackle and prosecute “criminal misuses of cryptocurrency, particularly crimes committed by virtual currency exchanges, mixing and tumbling services, and money laundering.” U.S. Deputy Attorney General Lisa Monaco said, “The point is to protect consumers.” DOJ’s New Crypto […]