Digital currency
New York Fed completes global digital dollar proof of concept
Wholesale CBDC project tested 24/7 payment and settlement
BIS attacks crypto in report to G20 officials
But report promotes DLT for use in cross-border wholesale CBDC
IMF repeats warning on Marshall Islands’ fintech plans
Fund proposes Pacific island state could set up a ‘monetary authority’
BIS reports gaps in CBDC cyber security modelling
Over 90% of central banks now working on a CBDC project, survey finds
Crypto tax would be lucrative but challenging, IMF paper says
Authors say authorities face problems categorising and tracking cryptocurrency activity
World Economic Forum warns of CBDC ‘alliances’
Report recommends interoperability via “token switching” and common messaging standards
Nigerian central bank caps contactless payments
Move limits consumers’ daily contactless payments to $66
FATF finds global crypto AML failures
Most jurisdictions “struggle with fundamental requirements”
EC proposes legal tender status for digital euro
Legislation envisages digital wallet available on- and offline, while safeguarding cash
SNB to test wholesale CBDC in real-world pilot
Tokenised assets will be settled on the SIX Digital Exchange
RBI’s Shaktikanta Das on financial sector reform, sticking to inflation targets and the e-rupee
The Reserve Bank of India governor speaks about developing credible self-insurance and sizeable FX reserves, inter-dependence with government, non-bank and bank regulatory reforms, demonetisation, rupee internationalisation and daily UPI payments hitting…
Why fear, paranoia and distrust swirl around CBDCs
Populists and conspiracy theorists are exacerbating public concern about retail CBDCs. What can central banks do about it?
SEC charges Binance and Coinbase
World’s largest crypto exchanges accused of illegal operations at expense of investors
Currency round-up: Lebanon considers new high-denomination notes
South Africa issues upgraded notes; Argentina 2,000 peso enters circulation; and more
Campos Neto repeats opposition to common currency
Digital payments have outstripped benefits of “very old idea”
Major central banks set out CBDC policy debates
BIS and central banks discuss major policy issues that still need to be solved
Iosco sets out global crypto regulation
International group of regulators targets conflicts of interest in the industry
Nigeria CBDC uptake ‘disappointingly low’ – paper
The e-naira is technically sound, but actual use is negligible, says IMF study
HKMA launches retail CBDC pilots
Hong Kong central bank will work with 16 firms, including banks and payment companies
European Council adopts Mica regulation
Crypto legal framework covers issuers and service providers but not defi
BIS offers guidance on offline CBDC design
Half of central banks say offline payments are “vital” to CBDC design
Florida adopts anti-CBDC law
Governor has denounced US digital currency, though there are no concrete plans for one
UK regulator and police raid crypto ATM sites
There are no legally registered crypto ATMs in the UK
Fintech Benchmarks 2023 – presentation
Specialist Joasia E. Popowicz discusses CBDCs, cyber security, AI/ML in regtech, suptech and cloud computing