Fintech
Ukrainian hackers claim attack on Russian banks
Cyber attack targets Bank of Russia’s interbank system, disrupting payments
Data privacy laws can boost fintech lending – BIS paper
Study finds Californian law led to more data being shared with fintech firms
SEC charges Binance and Coinbase
World’s largest crypto exchanges accused of illegal operations at expense of investors
Banknotes: April to June 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Hong Kong legalises retail crypto trading
Licensed exchanges will be able to trade major virtual tokens to retail investors
Singapore’s central bank to work with Google on AI
MAS also announces AI training programme for financial sector
Combatting the ever-changing cyber threats in banking
Seemanta Patnaik, co-founder and chief technology officer at SecurEyes, discusses the continually evolving challenges and threats, and possible solutions to remain resilient to cyber attacks in today’s central banking environment.
BoJ explores holdings limits for CBDC accounts
Central bank says setting overall holding limits could raise privacy issues
Major central banks set out CBDC policy debates
BIS and central banks discuss major policy issues that still need to be solved
Iosco sets out global crypto regulation
International group of regulators targets conflicts of interest in the industry
NY Fed and MAS test distributed ledger CBDC payments
System averaged 6.48 payments a second, with peak of 47 payments a second
HKMA launches retail CBDC pilots
Hong Kong central bank will work with 16 firms, including banks and payment companies
European Council adopts Mica regulation
Crypto legal framework covers issuers and service providers but not defi
BoK and Samsung strengthen ties on offline CBDC research
Central bank and tech giant to look at ways to minimise security risks with offline CBDC payments
BIS offers guidance on offline CBDC design
Half of central banks say offline payments are “vital” to CBDC design
Ethiopia’s central bank issues first foreign mobile money licence
Central bank says there is strong public demand for fintech services
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
Bank of Canada consults public on CBDC design
But central bank says CBDC not needed “at this time”
Digital euro could be available via bank apps, ECB says
Approval of third round of design options does not entail progress beyond investigation
China to trial paying salaries using CBDC
State employees say finding merchants that accept the e-yuan is difficult
BoE and BIS test synchronised DLT settlement
Prototype leaves open legality of digitised asset transfer