Articles by Joasia E. Popowicz
BIS reports gaps in CBDC cyber security modelling
Over 90% of central banks now working on a CBDC project, survey finds
FATF finds global crypto AML failures
Most jurisdictions “struggle with fundamental requirements”
BoE and BIS develop digital currency APIs
Bank of Canada, Central Bank of Hungary, Visa, Mastercard and Amazon involved
Central bankers warn of systemic cyber risk
Central Banking Summer Meetings: Officials recommend automating configuration checks
The winners of the 2023 FinTech RegTech Global Awards
Sixth annual tech awards recognise excellence among central banks and the private sector
Ukrainian hackers claim attack on Russian banks
Cyber attack targets Bank of Russia’s interbank system, disrupting payments
SEC charges Binance and Coinbase
World’s largest crypto exchanges accused of illegal operations at expense of investors
Iosco sets out global crypto regulation
International group of regulators targets conflicts of interest in the industry
European Council adopts Mica regulation
Crypto legal framework covers issuers and service providers but not defi
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
BoE and BIS test synchronised DLT settlement
Prototype leaves open legality of digitised asset transfer
US Treasury releases defi risk assessment
Lax adherence to AML/CFT requirements allows criminals to launder money
CBSL requests criminal proceedings against crypto schemes
Legal action could allow investors to recoup losses
Illegal gold trade impacts Ethiopian reserves
Assosa region holds one of the greatest untapped resources of gold in the world
EU politicians back plan for new AML authority
Proposals include tougher transparency requirements and crypto transaction limits
Towards legal CBDCs
Officials at the Bank of Thailand and Bank of Jamaica on how their CBDC design choices interact with the law
Fintech Benchmarks 2023 report – the future of money
Most central banks continue work on CBDC, few jurisdictions have banned crypto. Payments innovation once again tops the research agenda
BIS Project Icebreaker proposes cross-border retail CBDC model
Central banks used smart contracts and worked with FX providers to cut costs and risk
Carstens sets out vision for future monetary system
Programmable money on shared ledger would preserve two-tiered structure
FSB outlines crypto and defi risks to financial stability
Future work will map “oracles”, “bridges” and other links with traditional finance
One in five fintechs in Ireland send inaccurate returns to regulator
One in four reported deficiencies in safeguarding customers’ funds
Inflation in Baltics set to remain highest in euro area
Charts highlight divergence between eurozone members
UAE grants licence to Russian bank
US voices concerns over sanctions evasion and threatens action against facilitators