Fintech
RBA announces private partners for wholesale tokenisation project
Central bank to issue CBDC on third-party platforms and work with Australian dollar stablecoin issuers
Crypto usage in Bolivia skyrockets by more than 500%
Central bank data shows large jump in adoption after country lifted ban on virtual asset last year
Lagarde renews calls for digital euro
ECB president tells lawmakers to “rapidly” introduce legislation for CBDC launch
Thailand approves its first virtual banks
Thai, South Korean and Chinese firms will operate online-only lenders, central bank announces
Kenya to extend RTGS system’s daily operating hours
Central bank says Kepps system will move from seven hours a day to 12 from July 1
US Senate passes ‘Genius Act’ to regulate stablecoins
Regulators express concerns over stability risks; senator says bill could trigger “next financial meltdown”
Eurosystem launches unified collateral management system
Operated by four central banks, ECMS replaces 20 systems previously operated by national authorities
Developing AI comes with geopolitical risks, says panel
Summer Meetings panel discusses infrastructure supply chains and where data is stored
Bottom-up approach crucial when adopting AI – panel
Central banks must engage end users when implementing new technology, officials say
Central banks use ‘hackathons’ to promote innovation
Key risks from AI paradigm shift will be reputational, panellists say
UK regulator backtracks over ban on retail crypto trading
FCA wants to allow investment in trading notes it had previously deemed harmful
Confusion over Pakistan’s crypto policy
Central bank says crypto is legal, thus contradicting official’s previous statement before parliament
Dollar stablecoins would reintroduce credit risk – Cipollone
ECB board member makes renewed case for digital euro, announces collateral management system
NY Fed and BIS explore monetary policy in a tokenised world
Project Pine’s smart contracts are designed so central banks can adapt them to their currencies and frameworks
RBI reviews closed-system wallets after Blu-Smart’s demise
Users of electric cab company, which halted operations in April, were unable to access funds
Project Agorá ‘faces fragmentation challenges’
Conference hears how netting and liquidity-saving mechanisms are often at odds with T+0 settlement