Fintech
PBoC says new digital payment system is almost ready
New electronic payment system will use double-layer framework for digital currency
RBI in fintech and 24/7 payments drive
RBI announces 24/7 electronic payments, anti-fraud registry and more
Central banks need better crypto asset data to contain risk – ECB research
Links between crypto assets and regulated financial sector may increase and challenge regulatory frameworks
MAS issues ‘cyber hygiene’ rules; eases sandbox barriers
Regulator aims to prevent cyber crime through basic measures
Thai central bank to work with HKMA on cross-border blockchain
Central banks to work on blockchain-based cross-border funds transfer technology
Indonesia cracks down on illegal fintech firms
Regulator has closed 826 fintech firms in 2019
Cambodia launches blockchain-powered payment system
Central bank hopes to reduce money transfer costs and improve financial inclusion
Ripple attempts to pacify US regulators after libra hearings
Payments service provider says crypto assets would be complementary to dollar
Do stablecoins like libra differ from other crypto assets?
Sayuri Shirai assesses the implications of stablecoins for stability, monetary policy and regulation
Quant Lipton pans Facebook’s Libra
Former Bank of America exec sees more potential in rival projects, such as utility settlement coin
Bundesbank takes light-touch approach to Libra
Governments should be “neutral” on some digital currencies, says German central bank
St Louis Fed’s Bullard warns about rise of multicurrency systems
Crypto assets may hamper monetary policy transmission and increase exchange rate volatility
US lawmakers slam Facebook’s ‘delusional’ Libra plan
Libra executive grilled at US hearing over Facebook’s history of scandals
E-money poses serious threats to financial system, says IMF paper
Paper recommends a ‘synthetic CBDC’ to preserve financial stability
Trump lashes out at Libra
US president says Facebook’s system will need a banking licence if it wants to be a bank
Are central bank digital currencies inevitable?
Launching a CBDC could protect the pre-eminence of public money, a new report argues
PBoC gets go-ahead from China’s cabinet to develop CBDC
China’s central bank is developing its own CBDC, as officials voice concerns over Facebook’s Libra
PBoC sounds alarm over Facebook’s Libra
Central banks must keep control of Facebook currency, senior officials say
FCA proposes ban on sale of crypto derivatives to consumers
Regulator cites lack of understanding of crypto assets by consumers