Proposed law on tainted cryptocurrency ‘terrible’ for human rights, says Cook Islands expert
A Cook Islands cryptocurrency expert is critical of a proposed law targeting tainted cryptocurrency, arguing it undermines human rights and doesn’t address the real channels of money laundering. In the rapidly
Fiji Business Briefs
Fiji Cabinet approves review of national minimum wage Fiji’s Cabinet has given the greenlight to a review of the national minimum wage and will also assess job classifications. The review will include a number of
Government insists on value of crypto bill despite criticism
The Office of the Prime Minister (OPM) in Cook Islands has hit back at the critics of the draft Tainted Cryptocurrency Recovery Bill 2023, saying the media did not highlight positive aspects of the Bill. The Bill,
Palau to launch stablecoin in October
Setting a digital currency trend in the region, Palau is slated to launch a dry run of its stablecoin in October, according to Kaleb Udui Jr., the country’s finance minister. “Initially, we are starting a very small
Crypto ‘an unstable financial asset’ says UNCTAD
Cryptocurrency is an “unstable financial asset that can bring social risks and costs”, the UN Conference on Trade and Development (UNCTAD) warned in three policy briefs on Wednesday. UNCTAD said their benefits to
Binance wants to make the “Palauan Dream” come true
Palau is hoping its new partnership with the world’s biggest cryptocurrency exchange company Binance will create the “Palauan Dream” to help curb the brain drain among its young people. Binance
Concerns raised as Vanuatu, Palau explore crypto projects
The recent greenlighting of cryptocurrency projects in Vanuatu and Palau have raised concerns over the lack of an advisory body in the
Palau digital residency programme off to a slow start
The response to Palau’s digital residency programme has been much slower than expected. So far, 800 people have signed up since the programme went online in January. Although well below the target, that number is
Palau President seeks $100k for fintech projects
Palau President Surangel Whipps Jr requests US$100,000 for financial technology projects including the Digital Residency