Fintech
Saudi Central Bank consults on draft banking law
Law’s goals include “enhancing banking secrecy” and improving depositor protection
EU approves ‘prohibitive’ capital rules for banks’ crypto holdings
Draft law implements final parts of Basel III, planned for January 2025
CBDCs need ‘self-custody’ to achieve inclusion – MIT Media Lab
Self-custody is currently “impossible for state-issued currency in the digital realm”
Central Bank of Bahrain governor celebrates Binance launch
Expansion into gulf state comes as other crypto exchanges cut their workforces
Russia and Iran discuss joint gold-backed stablecoin
Digital currency would be used for foreign trade settlements in special economic zone
PBoC launches offline CBDC payments
Users can also conduct e-yuan transactions with 0% battery
UK on way to wholesale stablecoin payments
Government official says private stablecoin likely to arrive before digital pound
Ban, contain, regulate: BIS weighs crypto policies
Central banks can do more to address inefficiencies in the monetary system, authors say
Bank of Russia eases disclosure rules on digital asset firms
Moves designed to ease sanction pressure, as Nabiullina signals use of crypto for international trade
Brazilian governor outlines digital wallet and CBDC plans
Governor says CBDC model should avoid flight from bank deposits
Law change set to make Fed reveal holders of master accounts
Amendment grew out of dispute between Republican senators and Kansas City Fed
Central Bank of Azerbaijan ramps up cyber security
Division head points to AI’s potential as additional safeguard
Chile’s Costa on tackling inflation, forex interventions and nowcasting
Chilean governor discusses stubbornly high prices, Fed spillovers, reserve buffers, retail CBDC and unconscious bias
PBoC pushes big techs to hand over user data, report says
Some tech firms are resisting order to supply information to PBoC-led credit-scoring firms
Bahamas regulator clarifies mystery withdrawals after FTX collapse
Court documents reveal sprawling FTX subsidiaries worldwide
ECB joins ‘Gaia-X’ data and cloud network project
Initiative aims to build a European data ecosystem to boost “digital sovereignty”
Brazilian central bank will make Pix open source
Communications protocols will be open to all “for free”
BIS tests stablecoins in its first retail CBDC project
Project Aurum with HKMA also explored a token model
Hong Kong consults on allowing retail crypto trading
Officials hope to improve city’s appeal to tech investors as Singapore proposes tougher crypto regulation
OCC to create fintech office
US regulator will appoint chief financial technology officer to lead regulation of sector
Hsu says US needs proper regulation of bank-fintech alliances
Policy-makers focus too much on crypto, says comptroller
Australia’s central bank invites CBDC proposals
RBA aims to launch a CBDC pilot early next year
Social media: an essential tool for central bank communication
Strategies to secure popularity, comprehensibility and reputation as new media takes centre stage