Fintech
EC proposes legal tender status for digital euro
Legislation envisages digital wallet available on- and offline, while safeguarding cash
Why fear, paranoia and distrust swirl around CBDCs
Populists and conspiracy theorists are exacerbating public concern about retail CBDCs. What can central banks do about it?
Unified ledger could usher in ‘profound’ economic change – BIS
Hyun Song Shin describes single platform for public and private money as “game changer”
Central Bank of Brazil gains crypto regulation powers
BCB will grant and withdraw licences, and oversee operations and management
Central Banking FinTech RegTech Global Awards 2023
Central Banking’s sixth annual FinTech RegTech Global Awards showcase the ground-breaking projects undertaken within the central banking community
Data privacy laws can boost fintech lending – BIS paper
Study finds Californian law led to more data being shared with fintech firms
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
Nigeria CBDC uptake ‘disappointingly low’ – paper
The e-naira is technically sound, but actual use is negligible, says IMF study
HKMA launches retail CBDC pilots
Hong Kong central bank will work with 16 firms, including banks and payment companies
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
US Treasury releases defi risk assessment
Lax adherence to AML/CFT requirements allows criminals to launder money
Central bankers cast doubt on utility of CBDC
“Element of Fomo” drives projects on even when purpose is unclear and resources lacking
CBSL requests criminal proceedings against crypto schemes
Legal action could allow investors to recoup losses
People: First governor of Congo central bank dies aged 92
Deputy governors depart in Canada and Sweden; and more
Fed details Custodia rejection decision
Decision says Wyoming firm has deficient management and risky business model
Towards legal CBDCs
Officials at the Bank of Thailand and Bank of Jamaica on how their CBDC design choices interact with the law
BIS to trial Asian instant payments link
Project Nexus aims to create standardised cross-border link for different countries’ systems
Islamic banking most at risk of negative CBDC effects
IMF paper highlights risk of unremunerated and small retail deposits
Central Banking Awards 2023: second group of winners unveiled
Awards announced for Governor of the year, Communications, Transparency and partners
Fintech Benchmarks 2023 – executive summary
Most central banks continue work on CBDC, while payments innovation again tops research agenda
Central database is ‘cornerstone’ of open banking
Cyber security and financial literacy are key obstacles to data-sharing, experts say