Fintech
No stablecoin has always been able to maintain parity – paper
Authors warn there is no guarantee that issuers can redeem stablecoins on demand
CFPB proposes supervising large non-bank payment firms
Regulator says this is a part of a larger programme to monitor big tech
SNB to launch live wCBDC pilot in December
ECB’s wholesale digital euro exploratory work will start in 2024
Regulators around the world join Singapore’s tokenisation project
Singapore, UK, Japan and Switzerland will collaborate on decentralised finance infrastructure
MAS tests upgraded unified QR code system
New code could allow merchants to accept different QR payment methods more easily
Sam Bankman-Fried takes the stand in wire fraud trial
FTX head says he doesn’t know how $9 billion in funds disappeared
Bénédicte Nolens on the latest mBridge developments
The head of the Bank for International Settlements’ Hong Kong Centre speaks about cross-border CBDC governance, ongoing FX challenges and evolving technology
BIS releases guide to tackle ‘complex’ offline CBDC design
Trade-offs include privacy and security to meet jurisdiction-specific objectives
World Bank issues first digital bonds on Euroclear’s platform
Distributed ledger technology has potential to improve securities processing
Decentralised finance has outpaced regulation – ECB paper
Technology with ‘no legal personality’ poses financial stability risks
US Treasury division proposes crypto mixer regulation
Proposals target terrorism financing after Office of Foreign Assets Control sanctions Hamas
E-krona could boost competition and safety, say Swedish retailers
Riksbank analyses consumers and retail traders payment preferences
EU data protection bodies raise concerns about digital euro
EDPB and EDPS request central bank explain how it will process and protect data
DeFi could improve payments and settlement – BoC research
Inefficient legacy systems hamper the smooth completion of these operations
Global big tech regulation needed, says BIS paper
Researchers advocate for an activity-based approach as big tech overtakes fintech in some economies
Central Bank of UAE launches new 24/7 instant payments system
Immediate Payment Instructions launched in 2019 gained limited traction
Australia proposes crypto regulation reforms
Platform operators would need a licence and be subject to financial services laws
People: Novelist named to Honduras central bank board
SNB official retires next year; two new vice-presidents at ADB; and more
Data privacy and protection: non-negotiable supervisory equations
Manoj Singh says data protection is essential to modern finance, but throws up myriad supervisory challenges
PBoC developing interoperable QR codes for digital yuan
Digital yuan to be available in all retail scenarios and in wholesale securities markets
Swift tokenisation experiments connect multiple blockchains
Banks and FMIs working towards 24/7 global asset trading settlement and servicing
Hungary’s gamified CBDC pilot designed for children
Student Safe project is the first live retail CBDC pilot in Europe
BoE study recommends ‘simple and flexible’ CBDC infrastructure
Central bank needs to be wary of firms wielding too much market power, author says
Custodia opens for business without Fed master account
Wyoming digital assets bank is continuing legal action against the US central bank