Fintech
European Council adopts Mica regulation
Crypto legal framework covers issuers and service providers but not defi
BoK and Samsung strengthen ties on offline CBDC research
Central bank and tech giant to look at ways to minimise security risks with offline CBDC payments
BIS offers guidance on offline CBDC design
Half of central banks say offline payments are “vital” to CBDC design
Ethiopia’s central bank issues first foreign mobile money licence
Central bank says there is strong public demand for fintech services
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
Bank of Canada consults public on CBDC design
But central bank says CBDC not needed “at this time”
Digital euro could be available via bank apps, ECB says
Approval of third round of design options does not entail progress beyond investigation
China to trial paying salaries using CBDC
State employees say finding merchants that accept the e-yuan is difficult
BoE and BIS test synchronised DLT settlement
Prototype leaves open legality of digitised asset transfer
Bank of Israel details digital shekel factors
ECB and Fed CBDC decisions will affect decision to proceed with issuance
Decentralised finance is here to stay
Whatever happens to cryptocurrencies, tokenisation is the future
CBDCs will change international monetary system – IMF panel
Bank of Mauritius governor says CBDCs may protect sovereignty and combat illicit financing
Hackers seize South Sudan central bank website
Group demands central bank act to make currency stronger against the dollar
US Treasury releases defi risk assessment
Lax adherence to AML/CFT requirements allows criminals to launder money
Central bankers cast doubt on utility of CBDC
“Element of Fomo” drives projects on even when purpose is unclear and resources lacking
CBSL requests criminal proceedings against crypto schemes
Legal action could allow investors to recoup losses
Sweden does not yet need CBDC, inquiry finds
Report recommends strengthening access to cash and other offline payment methods
Fed details Custodia rejection decision
Decision says Wyoming firm has deficient management and risky business model
Towards legal CBDCs
Officials at the Bank of Thailand and Bank of Jamaica on how their CBDC design choices interact with the law
Islamic banking most at risk of negative CBDC effects
IMF paper highlights risk of unremunerated and small retail deposits
CBDC needs good preparation, warn central bankers
Panellists say financial literacy, research and infrastructure must come first
Fintech Benchmarks 2023 – executive summary
Most central banks continue work on CBDC, while payments innovation again tops research agenda
Swift completes cross-border CBDC settlement pilot
Banque de France, Bundesbank and the MAS among central bank participants