Fintech
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
Hong Kong leader eyes financial summit success amid Singapore rivalry
Hong Kong struggles to balance Covid measures with desire to affirm itself as a top financial hub
Morocco’s Jouahri on inflation, forex reform, digitalisation and sustainability
The Central Bank of Morocco governor speaks with Christopher Jeffery about Covid-19 policies, Fed tightening, BIS membership, regional co-operation and financial inclusion
Iran legalises crypto for imports
Trading crypto domestically still illegal, central bank tells citizens
Banknotes: July to September 2022
A round-up of news and salient issues that have affected central bankers in the past three months
Big tech firms may suffer from ‘too much information’ – BIS paper
Firms that pry too much into customers’ affairs may find themselves with no business, authors say
Fintech needs better oversight as risks grow, FSI says
Basel-based group sees room for system-level testing and closer scrutiny of tech firms
Fed announces new guidelines after master account controversy
Rules will impose tight scrutiny on non-conventional applicants
Bank of Thailand to launch retail CBDC pilot
BoT says it does not have plans to issue a retail CBDC yet
Rethinking regulation of the modern financial system
Bank of Italy’s Maurizio Trapanese writes that rules need to address uncertainty as well as measurable risks, entity types as well as activities, and should not be overly complex
Big tech links are ‘policy blind spot’, says FSI
Basel-based institute says tech firms are “increasingly intertwined” with financial sector
Chile central bank opens CBDC survey
Poll is part of gradually unfolding evaluation of potential digital currency
Taiwan completes phase two CBDC trials with banks
Resolving further challenges could take at least two years, governor says
US targets North Korean crypto hacking
Treasury seeks co-operation to better enforce sanctions on North Korea and Russia
Crypto a ‘wake-up call’ for central banks
Digital economy needs CBDC as risk-free asset, say panellists at ECB’s Sintra conference
US senator attacks regional Fed over fintech firm’s payments access
Kansas City Fed president Esther George refuses to release correspondence about terminating account
Legal certainty: the Achilles’ heel for CBDCs?
Many central banks lack legal certainty when it comes to issuing digital currencies, despite all the research and trials. Isn’t it time to get the lawyers involved?