Remittances
US ‘bitcoin ATM’ industry growing despite risks, research finds
Remittances are big driver of bitcoin-to-cash ATMs, but industry is predatory, paper warns
El Salvador’s central bank licenses Binance
Move comes despite growing international regulatory concern over crypto exchange firm
Central bank negative equity: a risk governance perspective
Janet Cosier explains how risk planning, recapitalisation and transparency are key as central banks incur financial losses
India and Singapore link fast payments systems
Connection designed to help diaspora make cheaper and faster transfers
BoT’s Sethaput on inflation dynamics, central bank mandates and multi-lateral payments
Thai governor speaks about higher inflation, sustainable finance challenges, CBDC experiments and payments governance
Bolivian central bank offers preferential rate for dollars
Dwindling reserves drive new measures to obtain foreign exchange and gold for central bank
Bolivia seeks reserves boost from retail bond sale
Unusual central bank operation “does not make much sense”, former governor says
Armenia’s Galstyan calls for a new framework to tackle uncertainty and nonlinearities
Favours risk-management approach to policy and less emphasis on baseline forecasts that give false assurances
Central Bank of Azerbaijan ramps up cyber security
Division head points to AI’s potential as additional safeguard
Burundi lifts capital controls
Central bank permits bureaux de change to reopen and allows receipt and transfer of FX
Is there a case for a retail CBDC in Japan?
A BoJ-managed, account-ledger ‘digital yen’ tied to the new Kotora payments may offer some potential
UN warns against rapid adoption of crypto in developing nations
Tax evasion depletes resources for development, report finds
Cuban regime to buy foreign currency near market rates
Move cuts peso’s dollar exchange rate by four-fifths after Cubans protest over shortages
FSB cross-border payments work hampered by data problems
Measuring progress “will not be straightforward”, working group says
Dominican Republic orders 75bp rate rise
Core inflation still rising as central bank orders sixth rate hike in eight meetings
Understanding informal remittances
Better tracking of remittance flows could give central banks valuable insights to support policy
Some central banks directly regulate RTGS prices
Direct intervention in pricing of other payments means is less common, benchmark respondents say
Central banks and UN working to improve remittance data
Flows are critical income sources for many economies, but data is often limited
Cuban central bank to license crypto service providers
Resolution may encourage greater use of virtual currencies for remittances
Do CBDCs make sense for Latin America?
Steven Kamin says CBDCs may be particularly beneficial to emerging market economies
Central Banking Awards 2022: final winners unveiled
Prizes for Central bank of the year, Lifetime achievement, Transparency, Economics and more
Payment services: CMA
Swedish payments firm is now key player in new payment system linking the Arab world and beyond
Honduras central bank warns on bitcoin again
Central American country will not follow El Salvador in making bitcoin legal tender, BCH says
Nigeria launches ‘digital naira’ pilot
Central bank issues $1.2 million in retail CBDC after clampdown on private crypto