Fintech
BoE’s Bailey says CBDCs could be ‘fundamental’
Innovation hub run by BoE and BIS hub likely to concentrate on CBDCs and payments, official says
Basel Committee proposes strict treatment of crypto asset exposures
Crypto assets such as bitcoin will face risk weight of 1,250%
BIS and French and Swiss central banks announce joint CBDC project
Project Jura will link national CBDC initiatives in bid to facilitate cross-border payment
El Salvador to make bitcoin legal tender
President claims the move, a first for any country, will aid remittances and financial inclusion
BoE says stablecoins must be as trustworthy as commercial bank money
Stablecoins may require tailored regulation and access to emergency liquidity facilities, paper says
Thailand’s central bank picks G+D for retail CBDC project
BoT will use Filia platform for proof-of-concept
IMF warns Marshall Islands on digital projects
Local plans for digital currency and economic zone trigger concern at fund
RBNZ’s Orr admits ‘shortfalls’ on cyber security
But KPMG report also lays blame on vendor for delays in pushing out critical software update
Dominican Republic’s central bank plans financial innovation hub
New technology is “indispensable tool” for financial inclusion, governor says
Riksbank starts work on CBDC with external firms
E-krona pilot project to test technical solution with Handelsbanken and TietoEVRY
Chinese CBDC could bolster renminbi internationalisation – Hui Feng
Academic believes digital currency efforts could facilitate renminbi’s international acceptance and ‘popularity’
Diem says it will ‘fade out’ stablecoin if Fed issues CBDC
Chief economist of Facebook-backed firm says public sector has “comparative advantage”
MAS partners with financial inclusion foundation on digital currency system
Central bank officials will sit on the Mojaloop Foundation’s management boards
Bank of Korea to start CBDC trial in August
Central bank opts for two-tier model for retail digital currency
Sarb conducting feasibility study for retail CBDC
Central bank to investigate issuance of a “general-purpose” complement to cash
Brazilian central bank publishes CBDC guidelines
Model under consideration would be intermediated by national financial system
Benoît Cœuré on CBDCs, stablecoins and central bank fintech co-operation
BIS Innovation Hub chief speaks about fintech risks for supervisors and monetary policy-makers, and hub development plans
DNB acknowledges crypto KYC requirements were unlawful
Netherlands Bank reverses decision to mandate adherence to Sanctions Act
Powell announces forthcoming CBDC paper
Irrespective of US CBDC, Fed will help develop international standards, says chairman
Swedish and Norwegian central banks warn of cyber threats
Even small attacks can have major effects on stability, Norges Bank and Sveriges Riksbank say
Bitcoin plunges as China cracks down on crypto assets
Chinese industry bodies toughen restrictions on crypto services offered by financial institutions
Over 4,000 FCA staff complete mandatory cyber training
FCA spends $26,990 on cyber security course