Fintech
SEC targets NFTs in enforcement action
Two commissioners dissent from first SEC action against NFT issuer
BoE study recommends ‘simple and flexible’ CBDC infrastructure
Central bank needs to be wary of firms wielding too much market power, author says
MAS finalises rules for stablecoins
Singaporean central bank to label qualified coins as “MAS-regulated stablecoins”
Central Bank of Ireland suffers credit data breach
Over 20,000 borrowers’ credit scores impacted by “archiving error”
Custodia opens for business without Fed master account
Wyoming digital assets bank is continuing legal action against the US central bank
Brazilian central bank outlines CBDC project
Drex is being developed on a distributed ledger platform with smart contracts
Economic impact of CBDC likely ‘negligible’ – Colombian paper
Economists at Central Bank of Colombia consider design choices and how they may affect the economy
Russia starts digital ruble trials
Sanctioned banks are participating in CBDC pilot
Brazil’s CBDC to improve access to ‘intelligent financial services’
BCB expected to launch digital currency in 2024
El Salvador’s central bank licenses Binance
Move comes despite growing international regulatory concern over crypto exchange firm
Bank of Canada’s Maryam Haghighi on quantum computing in central banks
The director of data science talks about post-quantum encryption, payments simulation and optimisation problems, and how the quantum work is happening in a multidisciplinary way
PayPal launches US dollar stablecoin
Company will publish reserves report in September
Fed rate hikes propel ‘crypto cycle’ – IMF paper
Monetary policy more correlated with institutional investment in tech than finance
Quantum computing and AI threaten financial system, Fed says
Ransomware groups seek to “exert maximum pressure on victim organisations”
DeSantis attacks Federal Reserve
Republican candidate suggests he would name new Fed chair
Panama supreme court rejects crypto law
Judges agree draft law has unconstitutional provisions and was improperly passed
FSB unveils crypto regulation framework
Recommendations were toughened to reflect failure of FTX and terraUSD/luna stablecoin
New York Fed completes global digital dollar proof of concept
Wholesale CBDC project tested 24/7 payment and settlement
BIS attacks crypto in report to G20 officials
But report promotes DLT for use in cross-border wholesale CBDC
BIS reports gaps in CBDC cyber security modelling
Over 90% of central banks now working on a CBDC project, survey finds
World Economic Forum warns of CBDC ‘alliances’
Report recommends interoperability via “token switching” and common messaging standards